DLF to Launch Rs 1.04 Lakh Crore Worth of Real Estate Projects in Medium Term

DLF, a major player in the real estate sector, plans to launch nearly 37 million square feet of saleable area across various cities in the medium term, with a revenue potential of Rs 1.04 lakh crore. This strategy aims to capitalize on the robust demand for luxury homes. According to the company’s latest investor presentation for the April-June quarter, DLF is preparing to introduce new projects worth over Rs 1 lakh crore (36 million square feet) in the medium term.

The company detailed that 12.8 million square feet will be launched for sales this fiscal year, with a revenue potential of Rs 42,000 crore. In subsequent years, DLF plans to introduce 24 million square feet of development, valued at Rs 62,500 crore.

Of the total Rs 1,04,500 crore worth of projects intended for the medium term, Rs 1,000 crore will come from commercial properties, while the remainder will be from the residential segment.

Primarily residential, these projects will be launched in Delhi, Gurugram, Chandigarh Tri-city, Mumbai, and Goa. DLF stated that it continues to scale up its product offerings, focusing on margin-accretive products. While exploring multiple geographies, Delhi NCR remains the core market, with plans to enter the Mumbai market this fiscal year.

In response to strong housing demand, DLF’s sales bookings more than tripled to Rs 6,404 crore during the first quarter of this fiscal year, compared to Rs 2,040 crore in the same period last year. The company aims to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year, up from nearly Rs 15,000 crore in the preceding year.

The significant sales in the April-June quarter were driven by the luxury project ‘DLF Privana West’ in Sector 76/77, Gurugram, which recorded sales of Rs 5,600 crore. Additionally, in its super-luxury project ‘The Camellias’ at DLF 5, Gurugram, the company sold 4 units for Rs 251 crore.

On Thursday, DLF reported a 23 percent increase in its consolidated profit, reaching Rs 645.61 crore in the first quarter of this fiscal year, up from Rs 527 crore in the previous year. Total income rose to Rs 1,729.82 crore during the April-June period, compared to Rs 1,521.71 crore in the corresponding period last year.

In a statement, DLF expressed confidence in the residential segment, citing a structural upcycle and a commitment to strengthening its new product pipeline. The company has planned an additional launch pipeline of 9 million square feet of new products during the fiscal year, spanning various segments and geographies, including Gurugram, Mumbai, Goa, and Chandigarh Tri-city.

DLF continues to experience healthy sales momentum and strong growth in collections, further improving its net cash position. As India’s leading real estate developer with over seven decades of experience, DLF has developed more than 178 projects, covering an area of over 349 million square feet. The group has 220 million square feet of development potential across residential and commercial segments and maintains an annuity portfolio of over 44 million square feet of office and retail spaces.

DLF primarily focuses on developing and selling residential properties and developing and leasing commercial and retail properties.

---

If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.

Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.