DLF Cyber City Developers Ltd has about 25-26 million sq ft of leased commercial space with an annual rental income of about Rs 2,250 crore
The stock plunged 7.59% to settle at Rs 106.55 on BSE. During the day, it dipped 8.8% to Rs 105.15
This is in line with the strategy to structure ownership of existing assets to facilitate potential monetisation
DLF, Unitech, Indiabulls Real Estate, DB Realty, HDIL, Phoenix Mills and Oberoi Realty rallied more than 5% each.
The DLF of the past marketed super luxury, premium and mid-end apartments; the DLF of today focuses only on the super luxury and premium apartments