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DLF Ltd, India's biggest real estate developer, will contribute â‚¹5000 crore to foster a business project, driven by office and retail spaces, on 27 acres of land in Chennai's Taramani region.
With this property, DLF Commercial Chennai would turn into the second biggest market after Gurugram. A huge project, which will be inherent in three stages, will be done under DLF's business property auxiliary or rental arm DLF Cyber City Developers Ltd (DCCDL). It will build 2.5 million sq ft in the main stage and the ensuing stages will be created over the long run.
Chennai keeps on fortifying its situation as an IT/ITeS center with expanding investment opportunities from worldwide organizations, making it their second biggest market after Gurugram. The organization has a project pipeline of twenty million sq ft and development of 5.5 million square feet in progress. This will expand their thirty two million sq ft rental portfolio and they intend to take the public portfolio to more than 50 million sq ft once new properties are developed.
While the residential business of DLF Commercial Chennai will keep on zeroing in on Delhi and its rural areas, the organization has additionally laid out an across India methodology to extend its rental office portfolio across Hyderabad, Chennai, and Pune. The rental portfolio is set to be developed with a huge sizes, with the launch of new complexes, the blended use advancement with other financial.
DLF has been available in Chennai for more than a decade and has created DLF Cybercity Chennai in Manapakkam, which is a huge IT monetary zone (SEZ). Itâ€™s a great opportunity for you to invest in Chennai at DLF Downtown that promises to generate greater returns on your investment. Visit the futuristic destination today to make the most of it. Chennai is a great city fuelled by desires and openings. Its social melange and forward-looking way of life has drawn in a significant piece of the country's population to settle down here. Also, why not? The IT hallway, monetary development and instructive freedoms have made this city quite possibly the best areas in South India.