DLF Group, a top real estate developer in the Delhi-NCR aims to attain a 28 percent rise in its rental EBITDA by the closure of FY 2025-26, one of the top management officials said.
The developer said that all its new projects will be at an opening stage by this year, thus yielding rental from the same will start from the next year. These immovable assets include three malls, one in Delhi, Gurugram, and Goa respectively.
Atrium Place in Udyog Vihar, Gurugram, also joins the list and the project is a joint venture between the DLF Group and Hines. DLF group currently has a shopping mall in Moti Nagar, Central-West Delhi under construction. Followed by one in DLF Phase 5 Gurugram, and one in Panjim, Goa.
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“The FY’25 exit rental (EBITDA) will be as guided earlier in the ballpark of Rs. 5,000 crore and add to that another about Rs. 300 crore in DLF. So it will be Rs. 5,300 crore (by the end of FY25). For FY’26, this total will jump to about Rs. 5,800 Crore for DCCDL (DLF Cyber City Developers Limited) and will jump to about Rs. 1,000 crore for DLF, taking it to about Rs. 6,800 crore. This is because the new assets which are going to be income generating in DLF are all coming up in the current year, be it the three malls or DLF’s share in Atrium Place,” Sriram Khattar, Vice Chairman and Managing Director, Rental Business, DLF Limited said in an investors call earlier last month.
He further said for Atrium Place, from 2.9 million square feet of development, DLF group, one of the best real estate developers expects to yield rental from May or June 2025 for nearly 2.1 million sq ft, which is likely to be completed. The developer has another tower of nearly 8 lakh square feet and is likely to be completed in December 2025. Rental yielding is expected to begin in May or June 2026.
DLF Group also expects OC (occupancy certificate) for its Downtown 4 projects in Gurugram during this quarter as it is nearing completion.
“It’s completely leased now. Hopefully, in the next 5-6 months, the tenants will do their fit-outs and we expect the rentals to commence from sometime in the month of May-June next year,” Khattar.
The consolidated revenue of the DLF Group in Q2 FY25 the company marks Rs. 1,653 crore reflecting 13 percent YoY growth. Similarly, the consolidated profit for the quarter is marked at Rs. 521 crore, amplifying growth of 25 percent in comparison to Q2 FY24. The company shared details in its regulatory filling.
