Mumbai, Oct. 23 -- DLF plans to launch housing projects with an estimated sales value of more than Rs. 580 bn over the next two to three years in Delhi-NCR and Mumbai, as demand for luxury homes remains strong among end users and investors. The company is preparing launches in Mumbai and Gurugram during the second half of the current financial year.
At the start of FY25, DLF had announced plans to launch 37 mn square feet (sq ft) over the following few years, with an estimated revenue potential of Rs. 1.15 tn. In its latest investor presentation, the company said it had launched 14 mn sq ft during the past two and a half years, with revenue potential exceeding Rs. 560 bn.
DLF said its medium-term pipeline comprises around 24 mn sq ft with a sales value of more than Rs. 580 bn. During the second quarter, its home development arm launched The Aureva, a 4.17-acre senior living project in Gurugram containing 172 luxury homes. All units were sold for Rs. 19.85 bn.
The company's super-luxury project The Dahlias in Gurugram's DLF Phase 5 has also recorded strong sales and price appreciation. Launched in October 2024 across 17 acres, the development comprises 420 flats and penthouses, of which around 275 had been sold by September. A penthouse measuring 17,200 sq ft of super area and 10,500 sq ft of carpet area was sold in August for Rs. 2.71 bn.
DLF recorded sales bookings of Rs. 44.57 bn during the first half of the current financial year and is targeting about Rs. 200 bn for FY27. Its consolidated net profit rose 10 per cent year on year to Rs. 13.01 bn in the second quarter, while total income increased to Rs. 22.97 bn. In the first half, net profit rose to Rs. 20.95 bn, although total income declined to Rs. 39.03 bn. The company has developed more than 185 projects covering over 352 mn sq ft and has a rental commercial portfolio of around 50 mn sq ft.
Published by HT Digital Content Services with permission from Construction World.