DLF Earmarks Rs10k Cr Capex By FY27 To Build Commercial Assets

New Delhi: Realty major DLF will invest Rs 10,000 crore in the current and next fiscal year to build premium office spaces and shopping malls to enhance its rental income, a senior company official said.

DLF Group has 45 million square feet of commercial assets, which include 41 million square feet of office and 4 million square feet of retail spaces, with an annual rental income of more than Rs 5,000 crore. "India's Grade A++ commercial real estate has emerged as a global value proposition offering world-class quality at a more efficient cost," DLF Vice Chairman and Managing Director (Rental Business) Sriram Khattar told PTI.

To leverage this advantage, DLF Group, which has a huge licensed land bank, is expanding its portfolio of rent-yielding commercial assets in a big way and constructing office and retail complexes in Gurugram, Chennai, Delhi and Noida amid strong demand from corporates and retailers.

"Since the post-Covid recovery, DLF has focused on expanding its commercial footprint in key urban hubs at Delhi-NCR and Chennai. With an annual capex and approvals outlay of approximately Rs 5,000 crore annually for FY26 and FY27 across its joint ventures with GIC, Hines, and its own balance sheet, DLF is building some of the country's most premium commercial assets," Khattar said.