India's largest real estate developer, DLF, reports no slowdown in luxury residential market, despite removal of indexation benefits in budget.
Luxury Real EstateDlfIndiaResidential MarketBudgetReal Estate NewsJul 27, 2024
According to DLF's senior executives, the removal of indexation benefits will not have a significant impact on the company's sales.
DLF recorded a 23% year-on-year rise in consolidated net profit, with revenue increasing by 14% to ₹1,730 crore. Sales bookings surged more than three-fold to ₹6,404 crore from ₹2,040 crore a year earlier.
DLF plans to launch 5.4 million sq ft of super luxury projects this financial year, with a sales potential of ₹27,500 crore. Additionally, the company plans to launch 6.8 million sq ft of luxury projects with a sales potential of ₹13,500 crore.
DLF focuses on retail customers, and the company is selective in its sales approach to ensure that customers are end-users and not investors looking for short-term gains.
DLF is committed to delivering quality products that meet the demands of its customers. The company is implementing various processes to ensure that customers are satisfied with their purchases.
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