New Delhi: DLF’S rental income will see a hike of 12% to about Rs 2,900 Crore for the financial year 2017-18. DLF is considered to be the largest Real Estate Company in India and its total rental income last year was Rs 2,600 Crore. DLF announced that as compared to last year, there has been an increase of Rs 300 Crore in its income. Sriram Khattar, MD, DLF, has said that rental income has witnessed hike because of renewing of the stock at a higher value.
Khattar has also said that the quality that DLF provides in terms of safety and sustainability and the quality of the office space, the tenants automatically renew the leases on the term expiry. According to the reports, gross leasing of DLF stood at 4.03 million Sqft during the last fiscal year and unlike its housing segments, which are going down, the commercial segment of DLF is foing really well.
In the year 2015 it was announced that DLF will sell its 40% stake in its cyber city developer’s stake and this holds for the majority of DLF’s assets.