DLF to invest Rs 500 crore on developing IT park in Chennai

Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities. The country’s largest realty firm has exhausted its commercial space stock by leasing out over 32 million sq ft. It expects to earn about Rs 2,700 crore rental income in the current fiscal from its portfolio. “Our Cyber Park in Chennai is fully leased to high quality tenants. We have now commenced construction of about 1.6 million sq ft and will bring the best tenant and employee experience in Chennai,” DLF CEO (Rental Business) Sriram Khattar told.

Read more: Economic Times