DLF has planned to launch nearly 37 million square feet area for sale in the medium term across various cities with revenue potential of Rs 1.04 lakh crore as part of its strategy to encash strong demand for luxury homes. A 12.8 million square feet area will be launched for sales this fiscal with a revenue potential of Rs 42,000 crore. In the subsequent years, DLF intends to launch a 24 million square feet area having a gross development value of Rs 62,500 crore.
Out of the total Rs 1,04,500 crore worth projects that it intends to launch in medium term, only Rs 1,000 crore worth is planed from commercial properties and the remaining from the housing segment.
These projects, largely residential, will be launched primarily in Delhi, Gurugram, Chandigarh Tri-city, Mumbai and Goa. The company is tapping multiple geographies but the core market remains Delhi NCR. It intends to enter the Mumbai market this fiscal.
On strong housing demand, DLF's sales bookings jumped over three-fold to Rs 6,404 crore during the first quarter of this fiscal as against Rs 2,040 crore in the year-ago period. DLF has given guidance to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year as against nearly Rs 15,000 crore in the preceding year.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
Company Name | CMP |
---|---|
Dilip Buildcon | 543.95 |
Macrotech Developers | 1187.05 |
NBCC (India) | 178.70 |
Prestige EstatesProj | 1818.05 |
Phoenix Mills | 3645.00 |
View more.. |