DLF Unveils Ambitious ₹1.04 Lakh Crore Worth Real Estate Project Pipeline
The company plans to enter the Mumbai market this fiscal, with a focus on luxury homes and a revenue potential of ₹1.04 lakh crore.
Real EstateMumbaiLuxury HomesDlfGurugramReal Estate MumbaiJul 26, 2024
According to its latest investor presentation, DLF plans to launch 12.8 million square feet of area for sales this fiscal, with a revenue potential of ₹42,000 crore. In the subsequent years, the company intends to launch a 24 million square feet area having a gross development value of ₹62,500 crore.
The projects, largely residential, will be launched primarily in Delhi, Gurugram, Chandigarh Tri-city, Mumbai, and Goa. DLF has given guidance to achieve ₹17,000 crore worth of sales bookings for the entire 2024-25 financial year, as against nearly ₹15,000 crore in the preceding year.
The company'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 ₹5,600 crore. In its super-luxury housing project 'The Camellias' at DLF 5, Gurugram, the company sold 4 units for ₹251 crore.
DLF has a strong track record of over seven decades and has developed more than 178 real estate projects, with a total area of over 349 million square feet. The company's annuity portfolio (office and retail real estate spaces) spans over 44 million square feet.
Information
DLF is India's leading real estate developer, with a proven track record of over seven decades. The company has developed more than 178 real estate projects and has a development potential of 220 million square feet across residential and commercial segments.
DLF is India's leading real estate developer, primarily engaged in the business of developing and selling residential properties (Development Business) and developing and leasing commercial and retail properties (Annuity Business).
Frequently Asked Questions
What is the revenue potential of DLF's medium-term projects?
₹1.04 lakh crore
Which city is DLF planning to enter this fiscal?
Mumbai
What is the total area to be launched for sales by DLF in the medium term?
Nearly 37 million square feet
What is the guidance for sales bookings given by DLF for the entire 2024-25 financial year?
₹17,000 crore
What is the total development potential of DLF across residential and commercial segments?
220 million square feet
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