New Delhi, Aug. 5 -- Despite a muted start, DLF is confident of achieving pre-sales or bookings target of Rs.20,000 crore in FY27, largely flat year-on-year. Absence of project launches in the June quarter (Q1FY27) dragged pre-sales 94% down year-on-year to Rs.657 crore. Collections fell year-on-year and sequentially to Rs.2,406 crore.

The real estate company continues to focus on improving cash flows (net cash of Rs.15,200 crore) and margins rather than pursuing aggressive volume growth. Still, given the limited inventory, launches need to gather pace to drive pre-sales visibility.

Q2 may also be weak with launches of DLF Hamilton Court and Arbour 2 (senior living) in H2FY27 and the next phase of Privana-a premium offering, planned for...