DLF s joint venture with DCCDL saw a 7% rise in rental income from office buildings to Rs 3,460 crore in the last fiscal, driven by rent appreciation and asset portfolio expansion. The rental business, holding a majority stake, demonstrated healthy occupancy levels and low vacancies. With sustained growth in rentals and service income, DCCDL reported a 9% increase in consolidated revenue and an 18% rise in net profit.
DLF Cyber City Developers has an operational rental portfolio of 41.9 million square feet, of which 37.9 million square feet area is office space and 4 million square feet retail real estate.
Adani Group’s real estate business is fairly new just 14 years old. But it is fast becoming a key mover and shaker in India’s booming real estate market. In fact, the company has the potential to become India’s largest developer. We tell you why.