DLF’s rental arm, DLF Cyber City Developers Ltd (DCCDL), plans to invest around Rs 6,000 crore to develop 75 lakh square feet of premium office and retail spaces in Gurugram, capitalizing on the rising demand for high-quality, sustainable commercial properties. DCCDL, a joint venture between DLF and Singapore’s GIC, with DLF holding a 67% stake, has begun construction on two major projects.

The first is a new phase of the ultra-premium ‘DLF Downtown, Gurugram,’ featuring 55 lakh square feet of Grade A++ office space. The second is the DLF Mall of India, Gurugram, spanning 20 lakh square feet. Sources estimate the combined investment at Rs 6,000 crore, though the company declined to comment. DCCDL’s existing portfolio includes 40.4 million square feet of rental assets, with 36.4 million square feet in offices and 4 million in retail.

Sriram Khattar, Vice Chairman and MD (Rental Business), highlighted the appeal of India’s office market, driven by global firms, particularly tech companies, seeking sustainable, scalable spaces. “DLF excels at delivering tailored, world-class solutions,” he said, noting the surge in demand from Global Capability Centers (GCCs). On retail, Khattar pointed to India’s growing middle class and urban influx, fueling organized retail growth. “International brands see India as a key destination,” he added, with DCCDL planning to complete 1.3 million square feet this year and 2-2.5 million more within three years.

In Q3, DCCDL’s rental income rose 10% to Rs 1,194 crore, with offices contributing Rs 962 crore and retail Rs 231 crore. Revenue grew 9% to Rs 1,609 crore, and net profit soared to Rs 941 crore from Rs 434 crore. As India’s largest real estate firm by market cap, DLF continues to strengthen its foothold in Delhi-NCR and Tamil Nadu, boasting a 220 million square feet development pipeline.