DLF's annual rental income to rise 12% at `2,900 cr in FY18
Realty major DLF's total rental income will rise by 12 per cent to about Rs 2,900 crore this fiscal on better realisation from existing commercial assets and addition of new properties in Chennai and Delhi.
DLF, the country's largest real estate firm, earned a rental income of around Rs 2,600 crore last fiscal. The company informed analysts that total rental income will rise to Rs 2,900 crore in the 2017-18 fiscal.
When contacted, DLF's Managing Director (Rental Buisness) Sriram Khattar said that the rentals will rise as the company has renewed its existing stock at a higher value after the expiry of 9-year leasing agreement with the occupiers.
Moreover, he said, about one million sq ft area will get added this fiscal in Chennai and the national capital.