DLF Set to Unveil Ambitious Real Estate Projects Worth Rs 1.04 Trillion
Realty major DLF plans to launch 37 million sq ft area for sale across various cities, with revenue potential of Rs 1.04 lakh crore.
Real EstateDlfLuxury HomesHousing DemandCommercial PropertiesReal EstateJul 26, 2024
According to its latest investor presentation, DLF plans to launch 12.8 million square feet area for sales this fiscal with a revenue potential of Rs 42,000 crore. In the subsequent years, the company intends to launch a 24 million square feet area having a gross development value of Rs 62,500 crore.
Out of the total Rs 1,04,500 crore worth projects, only Rs 1,000 crore worth is planned from commercial properties, while the remaining will be from the housing segment. These projects, largely residential, will be launched primarily in Delhi, Gurugram, Chandigarh Tri-city, Mumbai, and Goa.
DLF has been scaling up its product offerings and developing margin-accretive products. The company is tapping multiple geographies, but its core market remains Delhi NCR. It intends to enter the Mumbai market this fiscal.
The strong housing demand has led to a significant jump in DLF's sales bookings, which increased over three-fold to Rs 6,404 crore during the first quarter of this fiscal. The company has given guidance to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year.
DLF's sales bookings in the April-June quarter were driven by its luxury project 'DLF Privana West' at Sector 76/77, Gurugram, which saw sales of Rs 5,600 crore. In its super-luxury housing project 'The Camellias' at DLF 5, Gurugram, the company sold 4 units for Rs 251 crore.
The company reported a 23 per cent increase in its consolidated profit to Rs 645.61 crore in the first quarter of this fiscal. Total income rose to Rs 1,729.82 crore during the April-June period of this fiscal.
In a statement, DLF said, 'We believe that the residential segment is witnessing a structural upcycle, and hence we continue to strengthen our new product pipeline.' The company added, 'We stay committed towards leveraging this positive momentum and have planned a strong launch pipeline of an additional 9 million square feet of new products during the fiscal, across various segments and geographies including Gurugram, Mumbai, Goa, and Chandigarh Tri-city.'
DLF is India's leading real estate developer with over seven decades of track record. The company has developed more than 178 real estate projects and developed an area in excess of 349 million square feet.
Frequently Asked Questions
What is the revenue potential of DLF's upcoming projects?
The revenue potential of DLF's upcoming projects is estimated to be Rs 1.04 lakh crore.
How much area is DLF planning to launch for sales this fiscal?
DLF is planning to launch 12.8 million square feet area for sales this fiscal.
What is the gross development value of the projects to be launched in subsequent years?
The gross development value of the projects to be launched in subsequent years is Rs 62,500 crore.
In which cities will DLF launch its projects?
DLF will launch its projects primarily in Delhi, Gurugram, Chandigarh Tri-city, Mumbai, and Goa.
What is DLF's guidance for sales bookings for the entire 2024-25 financial year?
DLF has given guidance to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year.
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