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
Related News Articles
Raymond's Bold Move: Betting Big on Indian Realty Boom with Rs 5,000-Crore Joint Ventures
Raymond is poised to sign massive joint ventures in Indian real estate, capitalizing on the sector's rapid growth. Mumbai, a key market, witnessed a 27% increase in residential sales in Q1 CY24, driving up property prices.
Pune's Metro Expansion: PCMC to Nigdi Extension Begins
Pune's metro expansion from PCMC to Nigdi is set to revolutionize public transportation, bringing a new level of convenience and sustainability to the city. The project, approved by the traffic police, aims to alleviate traffic congestion and promote sust
Oberoi Realty to Redefine Mumbai's Bandra Reclamation with Major Development
Oberoi Realty, a leading property developer in Mumbai, has recently entered into a significant agreement to redevelop a 2.5-acre land parcel in Bandra reclamation. The project, which is part of the Slum Rehabilitation Authority's (SRA) initiative, aims to
The Intersection of AR, VR, and Blockchain: A New Era in Technology
The convergence of Augmented Reality (AR), Virtual Reality (VR), and Blockchain technology is set to transform various sectors, including gaming, entertainment, education, and real estate. This article explores the potential and impact of this groundbreak
Ares Commercial Real Estate CFO Sells $22,839 in Stock
Ares Commercial Real Estate Corp's CFO has recently made a significant stock sale, raising questions about the company's financial strategies and future outlook. Meanwhile, the company has also revised its financial agreements with Citibank, as reported i
India Ranks 4th Globally with 85,698 HNWIs; Billionaires Surge 12% in 2024
India has secured the 4th position globally with 85,698 High Net Worth Individuals (HNWIs) and a 12% increase in billionaires in 2024, according to the latest report. Cities like Delhi and Bengaluru are surging in global luxury real estate rankings, while