Most of the company’s rental assets are part of DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and Singapore sovereign wealth fund GIC.
DLF’s rental income for the ongoing fiscal 2025 is projected to be ₹300 crore, which it expects to increase to ₹800 crore in fiscal 2026. DCCDL’s rental income, meanwhile, is expected to go from ₹5,000 crore in FY25 to ₹5,800 crore.
“The exit rental for FY25 will be as guided earlier, in the ballpark of ₹5,000 crore. And add to that about ₹300 crore in DLF,” Sriram Khattar, managing director of DLF Rental Business, said during the company’s second quarter investor call.
In FY26, he predicted DCCDL’s rental income to jump to about ₹5,800 crore and DLF to post about ₹1,000 crore, including the rent from Atrium Place in Gurgaon. After accounting for the joint venture partner’s share in Atrium Place, DLF’s total rental income for the year is estimated to be ₹800 crore.
“This (growth in income next FY) is because the new assets which are going to be income generating in DLF are all coming up in the current year, be it the three malls or the Atrium Place, which is a joint venture with Hines,” Khattar said last week.In the second quarter ended September 30, DCCDL posted consolidated revenue of ₹1,653 crore, up 13% from a year earlier, while consolidated profit rose 25% to ₹521 crore.”Our rental business is experiencing a positive upturn and is demonstrating steady growth. Encouraged by these strong trends, we have accelerated our capex commitments to fuel growth of our rental portfolio,” the company said.
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