DLF's Rental Revolution: Doubling Portfolio and Targeting Rs 10,000 Crore Revenue by FY30

DLF Ltd, India's leading real estate developer, has unveiled ambitious plans to double its rental portfolio and achieve Rs 10,000 crore in rental revenue by FY30. Backed by a Rs 20,000 crore investment, the company aims to expand its footprint across new geographies and strengthen its position in the commercial real estate sector.

 

As part of its strategy, DLF will add approximately 21 million square feet of office space, increasing its total portfolio to 60 million square feet from the current 39 million square feet. The retail portfolio is also set to grow significantly, with plans to increase it to 12 million square feet over the next five years, up from the existing 4 million square feet. Notably, 8 million square feet of retail space is already under execution, with several projects nearing completion.

 

DLF's Chief Financial Officer, Badal Bagri, highlighted the company's focus on maintaining high occupancy levels, which currently stand at 93% across retail and office portfolios. Retail occupancy is particularly strong at 98%, and new projects are almost 95% pre-leased. The company is also exploring opportunities in key markets such as Bengaluru, Mumbai, and Hyderabad to cater to client demands.

 

Key highlights of DLF's plans include the strategic investment of Rs 20,000 crore, the doubling of its rental business portfolio, and the emphasis on high pre-leasing rates for new projects. These initiatives underscore DLF's commitment to driving growth and delivering value to stakeholders.

 

Sources: Moneycontrol, Financial Express, Economic Times.