DLF to Invest 20,000 Crore in Expanding Commercial Real Estate Portfolio

DLF to Invest 20,000 Crore in Expanding Commercial Real Estate Portfolio

DLF to Invest 20,000 Crore in Expanding Commercial Real Estate Portfolio

Real estate giant DLF is set to invest around Rs 20,000 crore in the medium term to expand its commercial real estate business, which includes both office and retail spaces. The company shared its growth strategy for its rental business in a corporate presentation, stating that significant capital expenditure (capex) is being committed to fuel growth. The planned capex will span both parent company DLF Ltd and its joint venture firms, including DLF Cyber City Developers Ltd (DCCDL).

DLF's rental business currently boasts a portfolio of approximately 44 million square feet of operational assets, with high occupancy rates of 93%. This portfolio is set to expand to 73 million square feet in the near future. DCCDL, a joint venture between DLF and GIC, holds the majority of DLF’s rental assets, and DLF owns a 67% stake in this JV.

As part of its aggressive expansion, DLF’s rental arm, DCCDL, is investing Rs 6,000 crore to develop 75 lakh square feet of prime office and retail spaces in Gurugram. Construction is already underway for 5.5 million square feet of Grade A office space in the DLF Downtown project, and the DLF Mall of India is also being built, covering a total area of 20 lakh square feet.

With a strong land bank for future growth, DLF remains focused on sustainable long-term growth within its annuity business, which includes its rental and hospitality assets as well as its services/asset management businesses. The company has already developed over 185 real estate projects, covering more than 352 million square feet, and has 220 million square feet of development potential across both residential and commercial segments.

About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/