The realty company announced an investment of around Rs. 550 crore to construct a one-million-square-feet office building for Standard Chartered Global Business Services largest campus globally.

The realty company announced an investment of around Rs. 550 crore to construct a one-million-square-feet office building for Standard Chartered Global Business Services largest campus globally.

The realty company announced an investment of around Rs. 550 crore to construct a one-million-square-feet office building for Standard Chartered Global Business Services largest campus globally.

DLF Limited plans to develop about 3 million sq ft of residential space in south India in addition to an 85 acre plotted development in Chennai as the company gears up to create a pipeline of residential properties. The company, which has mostly focused on north India, is coming up with a residential development in Chennai almost after a decade and has planned similar development in Cochin, Goa and other locations. It is also developing office spaces in the city and upcoming residential development will add value to that.

DLF Parc Estates are located in one of the most demanded locations of Chennai, Old Mahabalipuram Road. It is a gated community project, with close proximity to every amenities and your workplace will ensure you live a hassle-free life.

The real estate developer will soon start work on 2 million sq ft of office space in Gurgaon. The company will invest Rs. 1,500 crore on the construction of office space in Gurgaon and Chennai. In Gurgaon, once the approvals come in, the construction should commence in the next 2-3 months.

The company plans to launch 7.7 million sq ft of real estate projects in the second half of 2021-22, which will have a revenue potential of Rs 1,800 crore. DLF will also launch of the first phase of Midtown West, a premium residential complex in central Delhi, which it will develop in a joint venture with Singapore sovereign fund GIC.

The realty firm plans to develop a 2 million sq ft office building in Gurugram. The construction is expected to start in the January-March quarter next year. The balance capital expenditure on the under-construction projects in Chennai and Gurugram is estimated at around Rs 1,500 crore over the next 15 months.

Realty developer DLF, in a joint venture with Singapores sovereign wealth fund GIC, will develop 8 million sq ft of high-end residential towers at Central Delhi’s Moti Nagar, with a revenue expectation of Rs. 12,000-15,000 crore. The DLF-GIC JV has so far focused on office space; this is the first time they will develop a residential complex.