DLF Expands into Mumbai and Goa with Luxury Housing and Commercial Projects
Realty major DLF enters new markets Mumbai and Goa to tap growth opportunities, focuses on corporate governance, operational excellence and upholding founders' values.
DlfRealtyHousingCommercial PropertyMumbaiGoaReal EstateJul 17, 2024
In his message to shareholders, Singh emphasized the company's strategy to introduce a diverse range of offerings to meet the aspirational needs of the market. DLF has achieved strong sales bookings during the last two financial years, driven by significant surge in demand for its luxury homes. In the 2022-23 fiscal, the company clocked a record sales of ₹15,058 crore, while it reported a sales of ₹14,778 crore in the 2023-24 financial year.
For the current fiscal, DLF has set a 15 per cent growth target in sales bookings at ₹17,000 crore as it plans to launch many luxury housing projects across Gurugram, Goa, and Mumbai. The company's commercial business continues to perform well, with occupancy levels across the portfolio increasing substantially. Singh noted that the company continues to invest in talent acquisition and strengthen its internal policies to ensure a robust mechanism to support its growth.
On the overall economic situation of the country, Singh said the Indian economy has staged a broad-based recovery across sectors and surpassed its pre-pandemic growth trajectory. He expressed confidence that the next decade will belong to India, with the real estate sector being a major contributor to the country's economic progress.
Frequently Asked Questions
What is DLF's focus for the current fiscal?
DLF has set a 15 per cent growth target in sales bookings at ₹17,000 crore as it plans to launch many luxury housing projects across Gurugram, Goa, and Mumbai.
What is the performance of DLF's commercial business?
The commercial business continues to perform well, with occupancy levels across the portfolio increasing substantially.
What is DLF's strategy for the new markets?
The company's strategy is to introduce a diverse range of offerings to meet the aspirational needs of the market.
What is the company's focus on corporate governance?
The company continues to focus on corporate governance, operational excellence, and upholding the values of its founders.
What is the outlook for the Indian economy?
According to DLF's Chairman, the Indian economy has staged a broad-based recovery across sectors and surpassed its pre-pandemic growth trajectory.
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