DLF Cybercity-GIC joint venture hopes to double its portfolio in a decade

DLF has a joint venture with Singapore's sovereign wealth firm GIC for commercial real estate business

DLF Cybercity Developers (DCCDL), in a joint venture with Singapore’s sovereign wealth fund GIC, is planning to double the size of its portfolio to almost 60-million square feet over the next decade, the company said while announcing its results for the June quarter.

India’s largest real estate firm reported a 56 per cent increase in its consolidated net profit to Rs 1.72 billion for the first quarter. Its net profit stood at Rs 1.1 billion in the year-ago period, the company said in its BSE filing.

Total income, however, declined to Rs 16.57 billion during the April-June period of this fiscal year