CRISIL Ratings has upgraded DLF Cyber City Developers (DCCDL) to CRISIL AAA (Stable) from CRISIL AA+ (Stable), citing sustained strong business fundamentals, high occupancy, and an improving financial risk profile.

Sriram Khattar, Vice Chairman & Managing Director, DCCDL, said, “This milestone reflects our commitment to maintaining the highest standards of corporate governance and financial discipline whilst ensuring that our assets meet global benchmarks suitable for our tenant partners.”

DCCDL operates a commercial real estate portfolio of 40.4 million square feet (msf), with a 93 per cent occupancy across key cities. Its retail segment spans 4.3 msf at 95 per cent occupancy. The company plans to add 12 msf of office and 2 msf of retail space soon.