DLF’s annual rental income to rise 12% at Rs. 2,900 crore in FY18

DLF’s annual rental income to rise 12% at Rs. 2,900 crore in FY18
12/07/2017 , by , in News/Views

India’s largest real estate firm, DLF, is expected to earn Rs. 2,900 crore rental income in this fiscal year, up by 12% from the last year which amounted to Rs. 2,600 crore. This rise in the rental income will primarily be because the company has renewed its existing stock at a higher value after the expiry of 9-year leasing agreement with the occupiers and about one million sq ft area will get added this fiscal in Chennai and the national capital according to DLF’s Managing Director (Rental Business) Sriram Khattar. About 8 lakh sq ft in Chennai and about 1.9 lakh sq ft in Chanakya Puri, Delhi will be the new assets that will add to the rental income.

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