Real estate giant DLF has announced plans to invest approximately Rs 200 billion in the medium term to develop commercial properties, including premium office and retail spaces.

In a corporate presentation to stock exchanges, DLF outlined its growth strategy, highlighting a significant capital expenditure commitment to expand its rental business. The investment will be spread across DLF Ltd and joint ventures like DLF Cyber City Developers Ltd (DCCDL), a partnership with GIC, where DLF holds a 67% stake.

DLF’s annuity business currently boasts an operational portfolio of 44 million square feet of rental assets with an impressive 93% occupancy rate. The company aims to expand this to 73 million square feet in the medium term.

Additionally, DCCDL has initiated the development of 5.5 million square feet of Grade A+ office spaces in the new phase of DLF Downtown, Gurugram and is also constructing DLF Mall of India, Gurugram, spanning 20 lakh square feet.

With a high-quality land bank and a focus on sustainable long-term growth, DLF continues to strengthen its position in India’s commercial real estate sector.