DLF is planning to invest around Rs 750 crore for construction of a new commercial project in Gurugram, as the company seeks to encash rising demand of office and retail space from customers as well as institutional investors.
The company has decided to build a new commercial project with 2.5 million sq. ft. area in Gurugram. The company will sell office and retail space in this commercial project, and not adopt lease model.
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.