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DLF's FY18 rental income to rise 12% at Rs 2,900 cr on better realisations

Unlike housing segment, which is facing a demand slowdown, the commercial real estate is doing well

Press Trust of India  |  New Delhi 

Realty major DLF's total rental income will rise by 12 per cent to about Rs 2,900 crore this financial year (FY) 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 FY. The company informed analysts that total rental income will rise to Rs 2,900 crore in FY18. When contacted, DLF Managing Director (Rental Buisness) Sriram Khattar said that the rentals will rise as the company has renewed its existing stock at a higher value ...

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First Published: Sun, June 11 2017. 14:38 IST