Rental arm of DLF to float REIT in boost for India's commercial office sector

Photo: Pradeep Gaur/Mint

The rental arm of DLF Ltd, India’s largest developer, is preparing to float a real estate investment trust (Reit). This could significantly boost India’s emerging Reits’ market.

DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and Singapore’s sovereign wealth fund GIC Pte. Ltd, owns and operates 35 million sq. ft ready rental portfolio, of which around 3 million sq. ft is for retail and the remaining is office space.

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