DLF Invests ₹23,500 Crore to Complete Housing Projects in NCR and Mumbai
India's leading real estate firm, DLF Ltd, plans to invest ₹23,500 crore to complete its ongoing residential projects in NCR and Mumbai. The company aims to meet its construction costs with a robust cash balance and strong customer receivables.
Real EstateDlfNcrMumbaiHousing ProjectsReal Estate NewsAug 08, 2025
According to DLF’s investor presentation, the total pending cost to complete all launched projects is estimated at ₹23,500 crore. To meet this substantial construction spend, DLF has a cash balance of ₹10,429 crore, of which ₹7,782 crore is held in the escrow account of the Real Estate Regulatory Authority (RERA).
In addition to its cash reserves, DLF has receivables of ₹37,220 crore from customers who have purchased residential properties from the company. This financial cushion provides DLF with the necessary liquidity to fund its ongoing projects and meet its financial obligations.
During a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) revealed that the company invested around ₹750 crore in construction during the first quarter of the current fiscal year. The CFO also indicated that this investment will likely increase in the coming quarters as the company progresses with its projects.
Post-COVID, DLF has been actively launching new residential projects in key markets such as NCR, Mumbai, and the tri-city of Chandigarh. In the current July-September quarter, DLF Ltd and Trident Realty jointly launched a housing project comprising 416 flats in Mumbai, which were sold for around ₹2,300 crore.
In the first quarter, DLF launched and sold all 1,164 luxury apartments for about ₹11,000 crore in its new housing project 'DLF Privana North' in Gurugram. This project is part of the company's 116-acre township. Last year, DLF had successfully launched and sold out two other projects in this township, 'DLF Privana West' and 'DLF Privana South', for around ₹12,800 crore.
These new launches have significantly boosted DLF's sales bookings, helping the company achieve record sales in the last fiscal year. DLF's sales bookings stood at a record ₹21,223 crore in the last fiscal year, compared to ₹14,778 crore in the 2023-24 fiscal year. In the 2022-23 fiscal year, the company's sales bookings were ₹15,058 crore.
For the current financial year, DLF has set a sales bookings guidance of ₹20,000-22,000 crore. The company has already sold properties worth ₹11,425 crore in the first quarter of this fiscal year, putting it on track to meet its ambitious targets.
DLF Group is primarily engaged in the business of selling residential properties (development business) and leasing commercial and retail properties (annuity business). The Group has developed more than 185 real estate projects, comprising a total area of over 352 million square feet. It also has an annuity portfolio of 46 million square feet.
DLF has 280 million square feet of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline. This extensive portfolio and development potential position DLF as a key player in India's real estate market, capable of meeting the growing demand for quality residential and commercial spaces.
The company's commitment to completing its ongoing projects and launching new ones demonstrates its strong market presence and financial stability. With a focus on customer satisfaction and timely delivery, DLF continues to lead the way in India's real estate sector, setting new benchmarks for performance and reliability.
Frequently Asked Questions
How much is DLF investing to complete its ongoing projects?
DLF is investing ₹23,500 crore to complete its ongoing residential projects in NCR and Mumbai.
What is DLF's current cash balance?
DLF has a cash balance of ₹10,429 crore, with ₹7,782 crore held in the escrow account of RERA.
What are DLF's customer receivables?
DLF has receivables of ₹37,220 crore from customers who have purchased residential properties.
What are some of DLF's recent project launches?
DLF has recently launched and sold projects such as 'DLF Privana North' in Gurugram and a joint project with Trident Realty in Mumbai.
What is DLF's sales bookings target for the current fiscal year?
DLF has set a sales bookings guidance of ₹20,000-22,000 crore for the current fiscal year.
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