DLF to Unveil Rs 60,000-Crore Projects Over 5 Years, Goa Villas to Kick Off Soon
DLF Limited, a leading real estate developer based in Gurugram, has announced ambitious plans to launch residential projects worth Rs 60,000 crore over the next three to five years. These projects will encompass a range of luxury villas and apartments, significantly expanding DLF's portfolio and market presence.
The company is targeting 37 million square feet (msf) of projects, valued at Rs 1.14 lakh crore, over the medium term, according to DLF’s Chief Financial Officer, Badal Bagri. Work on projects worth over Rs 50,000 crore has already commenced, with the remaining to be launched within the next few years.
These ambitious projects are expected to come up in key locations such as Gurugram, Panchkula, Mumbai, and Goa. Notably, an “uber-luxury villa project” in Goa is set to break ground in the current or next quarter, adding a significant premium offering to DLF’s portfolio. The Goa project, located in the Reis Magos area, will feature around 62 luxury villas, priced between Rs 40 crore and Rs 50 crore, on a 38-acre hill facing the Mandavi River.
DLF has already launched approximately 7.5 msf of projects worth Rs 40,600 crore until FY25. In the first half of this fiscal year, another 5.7 msf worth Rs 13,685 crore were launched, as detailed in an investor presentation. The remaining 24 msf of projects, valued at Rs 60,215 crore, will be launched in the medium term.
Out of the 24 msf, DLF plans to launch around 1 msf of projects with a sales potential of Rs 2,500 crore under its super-luxury category, including projects like 'The Dahlias'. Additionally, 21 msf projects worth Rs 55,000 crore will fall under the luxury housing category, such as 'The Privana' ecosystem. The company also has 2.3 msf of projects with a sales potential of Rs 2,000 crore in the premium housing category and commercial projects worth Rs 715 crore in the pipeline.
DLF's Managing Director, Ashok Tyagi, emphasized the company’s strong launch pipeline, stating that several projects will be launched across different locations in the next 18 months. These include Arbour 2 senior living, The Dahlias phase-2, Westpark-2 (Mumbai), the Goa project, Hamilton, and subsequent phases of Privana.
DLF’s Joint Managing Director and Chief Business Officer, Aakash Ohri, confirmed that the much-anticipated Goa project is in the advanced stages and is likely to be launched in the current or next quarter. The project will be invitation-only, featuring luxury villas with unparalleled views and amenities.
In other financial news, DLF reported a 54.7 percent quarter-on-quarter (QoQ) jump in its consolidated net profit to Rs 1,180.09 crore, although this was a 14.5 percent decline from the year-ago period. This financial performance underscores DLF's continued focus on strategic growth and market leadership in the real estate sector.
