DLF’s Current Annuity Portfolio Stands at 46 Million Sq Ft with ₹6,000 Cr Annual Rental Income
India’s leading real estate firm, DLF rental income target, has announced an ambitious goal of surpassing ₹10,000 crore in annual rental income from its commercial properties in the medium term.
The declaration was made by DLF Chairman Rajiv Singh during the company’s 60th Annual General Meeting (AGM) held on Monday.
Singh addressed shareholders, highlighting the company’s strong performance in the fiscal year 2024–25, driven by significant growth across both the housing development and rental (commercial property) segments. He emphasised DLF’s commitment to expanding its annuity portfolio, which currently includes office complexes, shopping malls, and hospitality assets.
“We remain equally excited and committed to grow our annuity portfolio and have set an ambitious target for ourselves to cross annual rental revenues of ₹10,000 crore in the medium term,” Singh said.
Commercial Portfolio Update
At present, the DLF Group’s annuity assets span approximately 46 million square feet, generating over ₹6,000 crore in annual rental income. Singh noted that this portfolio continues to show consistent growth, supported by ongoing development and completion of new commercial projects.
Expansion in Commercial Real Estate
The chairman shared updates on key commercial developments:
- New buildings in Downtown Gurugram and a project in Chennai have been completed.
- Three new retail properties are expected to open soon, further boosting the annuity portfolio and rental revenues.
This steady expansion in office and retail space reaffirms DLF’s focus on long-term, stable income from commercial real estate. Singh’s remarks reflect confidence in India’s growing demand for high-quality commercial and retail spaces, especially in urban centres.
Strong Momentum in Residential Segment
DLF rental income target also made significant strides in its residential business, achieving a record sales booking of ₹21,223 crore, marking a 44% year-on-year growth.
Singh pointed out that the company’s latest housing project, ‘West Park’ in Mumbai, has been very well received by buyers.
Looking ahead, DLF rental income target has a strong pipeline of residential projects planned across multiple geographies. Singh assured stakeholders that these upcoming developments are expected to yield healthy gross margins and generate a significant cash surplus for the company.
“We have a strong and identified pipeline of new products across geographies for our development (housing) business which is expected to deliver healthy gross margins and generate significant cash surplus for your company,” he said.
India’s Economic Landscape Fuelling Growth
In addition to business performance, Singh commented on India’s economic trajectory, describing it as a powerful driver behind DLF’s optimistic outlook.
He stated that India’s economy has shown remarkable resilience, despite global economic uncertainties and sluggish growth in other regions.
Singh praised key national initiatives such as ‘Make in India’ and ongoing structural reforms, which are contributing to long-term opportunities in infrastructure and real estate.
According to him, the strength of India’s economic model lies in several fundamental factors:
- A young population
- A rapidly expanding middle class
- Urbanisation
- Rising disposable incomes
- Increasing aspirations
“India stands out as a global beacon of economic progress,” Singh told shareholders.
Outlook and Vision
With strong momentum in both the commercial rental and residential sales segments, DLF rental income target aims to sustain its growth trajectory.
The company’s focus on creating high-quality, income-generating assets and launching new housing projects positions it well to achieve its medium-term targets.
Singh’s address to shareholders reflects DLF’s confidence in its strategies and its ability to leverage India’s dynamic economic landscape for future growth.
