DLF to launch housing projects worth over Rs 17,000 crore in FY25 amid luxury demand surge
Image used for representative purposes
Realty giant
DLF Ltd
is gearing up to launch housing projects worth more than Rs 17,000 crore in the current financial year, amid surging demand for
luxury homes
.
The company had already launched 7.5 million square feet of space for sale in the last fiscal, with an estimated revenue potential of Rs 40,600 crore.
Of this, 5 million square feet were sold within the same year, fetching Rs 19,344 crore.
At the start of the 2024-25 fiscal, the company had outlined a medium-term plan to launch 37 million square feet of projects, targeting total revenue of Rs 1.14 lakh crore. Of this, almost 35% has already been rolled out in the current financial year, with another 15% planned for FY26.
The firm also launched 'The Dahlias,' a project spread over 4.5 million square feet, with a sales potential of Rs 35,000 crore.
Of this, Rs 13,744 crore worth of sales bookings were already locked in during the last financial year.
'This has resulted in the monetization of approximately 39 per cent of the estimated total sales potential of this project within the first year of its launch,' the company said in a statement, quoted by PTI.
DLF reported record sales bookings of Rs 21,223 crore in FY25, up 44% from Rs 14,778 crore the previous year, signifying the continued need for high-end
residential properties
.
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The company's financial performance also reflected this momentum. Net profit for the fourth quarter of FY25 rose 39% year-on-year to Rs 1,282.2 crore, while total income climbed to Rs 3,347.77 crore from Rs 2,316.7 crore in the same period last year.
For the full year, DLF's net profit jumped to Rs 4,366.82 crore, up from Rs 2,723.53 crore in 2023-24. Total income also rose to Rs 8,995.89 crore, against Rs 6,958.34 crore in the previous fiscal.
DLF is India's largest listed real estate developer by market capitalisation. Since its inception, it has delivered over 185 projects covering more than 352 million square feet. The group holds 280 million square feet of development potential across residential and commercial sectors, along with an annuity portfolio of over 45 million square feet.
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