Real Estate developer DLF is reportedly all set to complete third Phase of its IT SEZ, DLF Cybercity in Chennai by September this year. The company also hopes to complete construction of the entire phase in a year from that month. The company is expecting about 70 corporate firms to occupy the space once the phase, the last of the project, is completed.
The Phase III development will add 1.6 million sq ft of premium office space and contribute around Rs 134 crore annually in earnings to DLF.
DLF is one of India’s biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.