Realty firm DLF’s joint venture firm DCCDL’s office and rent from retail places increased by 10 percent to Rs 1,194 crore on high -occupied and fare in the third quarter of this financial year. DLF is a joint venture between Cyber ​​City Developers Limited (DCCDL) DLF Limited and Sovereign Wealth Fund GIC of Singapore.
DLF holds around 67 percent stake in the JV firm, while the remaining 33 percent of the GIC. The DCCDL, which holds a large part of the DLF group’s hire, has an operational fare portfolio of 40.4 million square feet, out of which 36.4 million square feet of an area office location and 4 million square feet of retail immovable property.
According to DLF’s latest investors, DCCDL’s fare income increased by 10 percent in the October-December quarter in the ‘high-occupied and fare enhancement’. In the third quarter of 2024-25, rental income increased to Rs 1,194 crore, which increased from Rs 1,089 crore in the year ago.
Among the total fare income, DCCDL’s office assets contributed a rent of Rs 962 crore in the December quarter, which was 10 percent from Rs 876 crore in the year-old period. The records of office locations were seen in the top seven major cities in India during the 2024 calendar year on high demand from domestic firms and multi-national corporations (MNCs).
Under the review, the rent from retail immovable property places during the period increased from Rs 213 crore to Rs 231 crore. On the financial front, DCCDL’s revenue increased by 9 percent in October-December to Rs 1476 crore to Rs 1,609 crore in the year-old period. The net profit rose from Rs 434 crore to Rs 941 crore.
DLF is mainly engaged in the development of residential assets (development business) and the development of sales and commercial properties and leasing (annuity business). DLF is the country’s largest real estate firm in terms of market cap. It has a strong presence in Delhi-NCR and Tamil Nadu markets.
The company has developed over 185 real estate projects and has developed more than 352 million square feet since installation. The group has a growth capacity of 220 million square feet in residential and commercial areas.
(Tagstotransite) DLF Limited
