DLF to bring rental properties under one entity
Realty major DLF has decided to bring all of its rental properties under a single umbrella, as part of a business restructuring, to optimise the value of its various realty verticals.
In a presentation to its investors, DLF said that its realty business, henceforth, will be divided into two –annuity (rentals) and development company.
Under the restructuring exercise, DLF Cyber City Developers Ltd (DCCDL), a subsidiary of DLF, would emerge as a group’s flagship company for holding rental assets — offices, malls, facilities management and utilities.
More : indianexpress.com