DLF, a major real estate player in India, plans to launch properties worth INR 80,000 crore over 3-4 years, focusing on luxury homes in key cities. With sales doubling annually, reaching INR 13,316 crore in the current fiscal year, the company aims to tap into post-pandemic housing demand. DLF's strategy targets markets like Delhi-NCR, Mumbai, Goa, and Chennai. They're leveraging their strong track record to meet soaring demand for quality projects. With a vast development potential of 215 million square feet, including a significant annuity portfolio, DLF's expansion signals confidence amidst evolving market dynamics.
DLF, a real estate developer, is gearing up to launch properties worth nearly INR 80,000 crore over the next 3-4 years, eyeing the growing demand for both housing and commercial projects. The company, known for its market dominance, achieved sales of INR 15,000 crore during 2022-23 and is on track to surpass this figure in the current fiscal year.
In its recent investor presentation, DLF outlined plans to introduce 10 million square feet of new developments in the upcoming financial year, with an expected revenue potential of INR 32,000 crore. Looking further ahead, it has identified an additional 22 million square feet of space, anticipating revenues of approximately INR 46,850 crore for the fiscal year 2024-25 and beyond.
Primarily focusing on luxury and ultra-luxury residential segments, DLF aims to concentrate its efforts in key markets such as Delhi-NCR, Mumbai, Goa, and Chennai. This strategic move to expand its residential portfolio follows a significant uptick in demand after the 2021 COVID-19 pandemic.
With a doubling of sales bookings to INR 13,316 crore in the first nine months of the current fiscal year, DLF is capitalizing on the robust demand witnessed in primary housing markets across major cities. This surge in demand is favoring established players with proven track records of project delivery.
The company's sales performance reflects this trend, with a notable increase to INR 9,047 crore in the December quarter, marking a significant rise from the year-ago period and representing its highest quarterly sales booking to date.
DLF boasts a substantial development potential of around 215 million square feet across residential and commercial segments, further bolstered by an annuity portfolio exceeding 42 million square feet.
As DLF continues to strategically expand its real estate portfolio, investors and stakeholders are keenly observing its trajectory in response to evolving market dynamics and shifting consumer preferences.
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