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Realty major DLF Ltd has set a target of achieving INR1 lakh crore in housing sales over the next four to five years, averaging around INR 20,000 crore annually, as it continues to expand its premium residential portfolio.The company said it will maintain its strategic focus on the luxury housing segment, where demand has remained strong across key markets.Despite owning around 50 million sq ft of commercial office and retail assets, DLF has no immediate plans to monetise the portfolio through a Real Estate Investment Trust (REIT).The company believes its existing business strategy and recurring rental income from commercial assets provide sufficient long-term value without the need for a REIT listing at present.
Real estate developer DLF Ltd is aiming to achieve INR1 lakh crore in residential sales over the next four to five years, underscoring its confidence in India's premium housing market and its continued focus on luxury residential developments. Speaking to PTI, DLF Chief Business Officer Aakash Ohri said the company expects to generate an average of around INR 20,000 crore in annual sales, taking the cumulative sales pipeline to approximately INR1 lakh crore during the planned period.
The company intends to continue concentrating on the luxury housing segment, which has witnessed sustained demand from affluent homebuyers in recent years. DLF has been expanding its portfolio of premium residential projects, particularly in high-demand urban markets, where rising incomes and evolving lifestyle preferences have supported sales of high-value homes. Alongside its residential business, DLF owns a sizable portfolio of income-generating commercial assets comprising approximately 50 million square feet of office and retail space. These properties contribute significantly to the company's recurring rental income and remain an important component of its overall business strategy.
However, despite the scale of its commercial portfolio, the company has ruled out any immediate plans to monetise these assets through a Real Estate Investment Trust (REIT). According to Ohri, DLF remains comfortable with its current ownership model and does not see an immediate need to unlock value through a REIT listing. India's REIT market has grown steadily over the past few years, with several developers listing commercial assets to attract institutional capital. Nevertheless, DLF's decision indicates its preference to retain direct ownership of its office and retail portfolio while continuing to benefit from stable rental cash flows.
With an ambitious residential sales target and a continued emphasis on premium developments, DLF is positioning itself to capitalise on strong demand in the luxury housing market while maintaining a long-term approach to its commercial real estate business.
Source PTI
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