DLF lines up project launches worth ₹58,000 cr in 2-3 years
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Realty major DLF Ltd has lined up project launches worth ₹58,000 crore in the next two to three years to encash high demand in the luxury homes category from both end users and investors.
The plan is a part of the company’s project launch plan announced in the beginning of 2024-25. The company had then announced launches spanning 37 million sq ft area over the next few years. The revenue potential of these launches was projected at ₹1,14,500 crore.
What is DLF's plan?
In its latest investor presentation, DLF Ltd said it has launched 14 million sq ft area in the last two and a half years with revenue potential of more than ₹56,000 crore.
“50 per cent launched in the first 2.5 years. Healthy pipeline for the medium term (Rs 58,000+ crore),” DLF said. The company will launch around 24 million sq ft area in the medium term.
“The company is gearing up for launches of luxury projects in Mumbai and Gurugram during the second half of the current fiscal,” said Aakash Ohri, MD and Chief Business Officer, DLF Home Developers Ltd during a call with the analysts.
During the second quarter of this fiscal, the company launched a 4.17-acre senior living project in Gurugram comprising 172 luxury homes. All units in this project named 'The Aureva' were sold for ₹1,985 crore.
Ohri said the the company's super luxury project 'The Dahlias' is doing well and has witnessed a sharp price appreciation in the last two years. In October 2024, DLF launched its 17-acre housing project 'The Dahlias' at DLF Phase 5 in Gurugram, comprising 420 flats and penthouses.
Around 275 units have been sold till September, Ohri said.
In August, a penthouse, having 17,200 sq ft super area and 10,500 sq ft carpet area, was sold in this project for ₹271 crore.
DLF, the country's largest real estate firm in terms of market capitalisation, has sold properties worth ₹4,457 crore in the first half of this fiscal. It is targeting to achieve sales bookings of around ₹20,000 crore during the 2026-27 fiscal.
(With inputs from PTI)