DLF to Invest Rs 1500 crore on Commercial Project in Gurugram

To tap into the growing demand for commercial properties from corporates and co-working players, realty major DLF's arm - DLF Cyber City Developers Ltd (DCCDL) - will  invest around Rs 1,500 crore in the next two years on construction of over 3 million sft office space in Gurugram, Haryana. According to the company, it would be developing 3.2 million sft  office space in the first phase of the new project, located on national highway and adjacent to DLF Cyber City project.

 

Real Estate Projects Information Magazine

The company has started construction work on two identical buildings of 7.5 lakh sft each and the target is to complete the same by end of 2020. The construction work on the remaining 1.7 million sft will start soon and get completed by end of 2021. "There is a huge demand for office space in Gurugram from corporates as well as co-working operators. Our commercial buildings in Gurugram are almost completely occupied. Therefore, we have started this new project to cater to the growing demand," said Sriram Khattar, managing director - rental business- DLF. He added that the company has already started leasing space for this project.]

×
×

Post Your Comment


"Content that powers your Business. News that keeps you informed."

Surfaces Reporter is one of India's leading media in Print & Digital Telecast for News on Interiors & Architecture Projects, Products, Building Materials, and the Business of Design! Since 2011, it serves as a referral for designers & architects to know about inspiring projects and source new products. If you have a Product or Project worth publishing in Surfaces Reporter, please email us hello@surfacesreporter.com or you can also submit your project online.

Like Surfaces Reporter on Facebook | Follow us on Twitter and Instagram | Subscribe to our magazine | Sign Up for the FREE Surfaces Reporter Magazine Newsletter

Bugatti Forays into Residential Real Estate with Opulent Skyscraper in Dubai | Bugatti Residences

The development will consist of 171 apartments, named Riviera Mansions, and 11 luxurious penthouses known as Sky Mansion Penthouses.

Read more

Family’s Choices And Personality Reflect In The Interiors of this Gurugram Apartment | LAD Studio

Designed by Bharti Sikri and Chander Kaushik, Co-Founders and Principal architects of LAD Studio, this warm, inviting and well-lit home reflects the choices and personality of the family dwelling in it.

Read more

Women Earn 30-40% Lesser Than The Men In Indian Construction & Real Estate Industry: A Report

A report released by the World Trade Center and Consulting firm Primus Partners on the current status of Indian women in the construction and real estate industry suggests that informal women construction workers in India earn 30-40 per cent less than their male counterparts.

Read more

DLF Sells 1137 High-End Flats In Gurugram For Over Rs 8000 Crore Within Three Days.

Even before the official launch of Realty giant DLFs housing project- The Arbour- in the Golf Course Extension mini market- Gurugram, its 1137 luxurious flats already sold out with pricing starting at Rs 7 crores and above.

Read more


This is alt