DLF to Expand Housing and Commercial Property Business to New Markets
Realty major DLF is expanding its business to develop residential and commercial projects in new markets such as Mumbai and Goa.
DlfRealtyPropertyHousingCommercial BusinessMumbaiGoaIndiaReal EstateJul 17, 2024
In the 2022-23 fiscal, DLF clocked a record sales of Rs 15,058 crore, and in the 2023-24 financial year, it reported a sales of Rs 14,778 crore. For the current fiscal (2024-25), the company has set a 15 per cent growth target in sales bookings at Rs 17,000 crore, planning to launch many luxury housing projects across Gurugram, Goa, and Mumbai. The commercial business continues to perform well, with occupancy levels across the portfolio increasing substantially.
The company is investing in the capex of its new build-outs in Gurugram, Chennai, Delhi, and Goa, and continues to invest in talent acquisition and strengthen its internal policies to ensure a robust mechanism to support its growth. Singh believes that the next decade will belong to India, and the real estate sector will be a major contributor to India's economic progress, resulting in employment and macroeconomic and social growth.
Information DLF is the country's largest real estate firm in terms of market capitalisation, having developed more than 158 real estate projects and an area in excess of 340 million sq ft. The company has 215 million sq ft of future development potential across residential and commercial segments, and an annuity portfolio of over 44 mn sq ft with an annual rental income of more than Rs 4,000 crore.
Frequently Asked Questions
What is DLF's focus area?
DLF is focusing on expanding its residential and commercial property business.
Which new markets is DLF entering?
DLF is entering new markets such as Mumbai and Goa.
What is DLF's sales target for the current fiscal?
DLF has set a 15 per cent growth target in sales bookings at Rs 17,000 crore for the current fiscal.
What is DLF's commercial business performance?
DLF's commercial business continues to perform well, with occupancy levels across the portfolio increasing substantially.
What is DLF's future development potential?
DLF has 215 million sq ft of future development potential across residential and commercial segments.
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