DLF gains on leasing 3 million square feet of office space in FY14

DLF is currently trading at Rs. 155.70, up by 3.25 points or 2.13% from its previous closing of Rs. 152.45 on the BSE. The scrip opened at Rs. 153.65 and has touched a high and low of Rs. 155.80 and Rs. 152.85 respectively. So far 363501 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 254.75 on 20-May-2013 and a 52 week low of Rs. 120.25 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 161.00 and Rs. 151.60 respectively. The current market cap of the company is Rs. 27389.81 crore. The promoters holding in the company stood at 74.93 % while Institutions and Non-Institutions held 20.25 % and 4.82 % respectively. DLF Offices, the offices leasing and management arm of India’s leading real estate developer, DLF, has created a benchmark by leasing 3 million square feet of office space in FY14 with many marquee MNCs and Indian companies. Out of the 3 million square feet leased out, a record 1.7 million square feet has been leased out in Gurgaon alone. This has been achieved despite intense competition in the office leasing space and a subdued economic environment. The lease rentals witnessed stable to healthy increases in various micro markets. Significantly most tenants who are completing the 9 year lease term in DLF CyberCity, Gurgaon chose to renew their leases reinforcing their faith and relationship with DLF. DLF Offices has approximately 27 million square feet of leasable space pan India with certain projects having achieved above 95% occupancy.