Realty major DLF has decided to bring all of its rental properties under a single umbrella, as part of business restructuring, to optimise the value of its various realty verticals.
In a presentation to its investors, DLF said its realty business, henceforth, would be divided into two — annuity (rentals) and development company.
Under the restructuring exercise, DLF Cyber City Developers Ltd, a subsidiary of DLF, would emerge as the group's flagship company for holding rental assets, offices, malls, facilities management and utilities.
On the other hand, the real estate development vertical will be divided into three divisions, focusing on the Gurgaon market, super metros and the rest of India, it said.
