 "DLF")
DLF, the country's largest listed developer, is looking to double its rental portfolio to Rs 4,700 crore in the next three years.
The company's rental arm, DLF Cyber City Developers (DCCDL), had a rental of Rs 2,510 crore in FY19. DLF has forecast a rental growth of 20 per cent on a compound annual growth rate (CAGR) basis, the company said in its latest analyst presentation.
DLF's rental platform has 32.8 million sq ft of operational assets and 3.2 million sq ft of under construction assets. DLF promoters sold 33.34 per cent stake in DCCDL to Singapore’s GIC for Rs 9,000 crore
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