DLF surges as its JV to invest Rs 6,000 crore to construct prime office, retail spaces in Gurugram
DLF is currently trading at Rs. 674.55, up by 27.45 points or 4.24% from its previous closing of Rs. 647.10 on the BSE.
The scrip opened at Rs. 640.05 and has touched a high and low of Rs. 674.55 and Rs. 635.80 respectively. So far 117785 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 967.00 on 01-Apr-2024 and a 52 week low of Rs. 622.15 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 679.00 and Rs. 635.80 respectively. The current market cap of the company is Rs. 166192.43 crore.
The promoters holding in the company stood at 74.08%, while Institutions and Non-Institutions held 21.24% and 4.69% respectively.
DLF Cyber City Developers (DCCDL), a joint venture (JV) between DLF and Singapore's sovereign wealth fund GIC, is planning to invest around Rs 6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram to tap demand for top-quality green commercial properties. DLF holds nearly 67 per cent stake in the JV firm.
DCCDL has commenced construction of 5.5 million (55 lakh) square feet of Grade A plus office spaces in the new phase of its ultra-premium commercial project 'DLF Downtown, Gurugram'. Besides, DCCDL has also commenced construction of DLF Mall of India, Gurugram, with a total area of 20 lakh square feet. Already, 3.7 million (37 lakh) square feet area has been completed so far.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
