DLF plans to launch ₹1.04 lakh crore worth real estate projects in medium term
New Delhi: DLF’s plan to launch ₹1.04 lakh crore worth of real estate projects signifies a major investment in the sector. This move likely reflects confidence in the market’s potential and aims to capitalize on current and future demand for real estate. The medium-term timeline suggests these projects will span several years, potentially impacting various segments of the real estate market, including residential, commercial, and mixed-use developments.
DLF’s strategy to launch nearly 37 million square feet of real estate with a revenue potential of ₹1.04 lakh crore reflects a significant push into the luxury segment. This extensive rollout across various cities highlights their confidence in the market’s demand for high-end properties and aims to capitalize on growing interest in luxury homes. This move could also strengthen DLF’s position in the real estate market and potentially influence trends in the luxury housing sector.
DLF’s ambitious plan to launch nearly 37 million square feet of real estate projects over the medium term, with a revenue potential of ₹1.04 lakh crore, highlights their strategic focus on capturing the strong demand for luxury homes.
For the current fiscal year, DLF aims to launch 12.8 million square feet of residential projects, generating a potential revenue of ₹42,000 crore. In the following years, they plan to roll out an additional 24 million square feet of projects with a gross development value of ₹62,500 crore.
Most of these new developments will be concentrated in key cities including Delhi, Gurugram, Chandigarh Tri-city, Mumbai, and Goa. Only a small portion of the total investment will be allocated to commercial properties, with the majority focused on residential segments.
DLF’s focus on scaling up its product offerings and developing margin-accretive products underscores its strategy to maximize profitability. While the company is expanding into various regions, its core market remains Delhi NCR, with plans to enter the Mumbai market this fiscal year.
The substantial increase in sales bookings—jumping over three-fold to ₹6,404 crore in the first quarter compared to ₹2,040 crore in the same period last year—demonstrates strong demand for their properties. DLF is targeting ₹17,000 crore in sales bookings for the 2024-25 financial year, up from nearly ₹15,000 crore the previous year. This growth reflects the company’s confidence in maintaining its momentum in a robust real estate market.
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