DLF-GIC joint venture reports 15% increase in rental income in FY20

As per the presentation, the DCCDL's net profit dropped to Rs 1,317 crore last fiscal from Rs 1,400 crore in 2018-19

DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and GIC, has reported a 15 per cent rise in its rental income last fiscal at Rs 3,006 crore on strong demand for quality office and retail spaces.

The rental revenue stood at Rs 2,620 crore in the previous financial year, according to its investors' presentation.

DCCDL has a portfolio of 30.3 million sq ft of leased commercial spaces, largely grade-A office buildings.

DLF's bulk of the rental assets are in this joint venture firm, while some of the commercial buildings are still part of the parent company.

DLF,