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Time of India
21-05-2025
- Business
- Time of India
DLF sets sales bookings target at ₹20-22,000 crore for FY26: Managing director
NEW DELHI: Buoyed by record pre-sales in the last fiscal, India's largest realty firm DLF on Tuesday said it is targeting to sell housing properties worth Rs 20,000-22,000 crore during 2025-26, driven by robust demand for its luxury properties. On Monday, the DLF reported record sales bookings of Rs 21,223 crore in 2024-25, an increase of 44 per cent from Rs 14,778 crore in the preceding financial year. In a conference call with analysts held on Tuesday, DLF's Managing Director Ashok Kumar Tyagi said, "Our pre-sales guidance for this fiscal is Rs 20,000-22,200 crore." He said the company would like to maintain the sales momentum achieved during the last financial year. Tyagi said the company would continue to focus on generating free cash flow and improve profit margins. To achieve this target, DLF has inventories in its existing projects which was launched during 2024-25 and also the company plans to launch more projects in the current financial year. DLF's subsidiary DLF Home Developers Joint Managing Director Aakash Ohri informed analysts that the company plans to soon launch housing projects in Gurugram and Mumbai. During the 2024-25 fiscal, DLF launched its super luxury project 'The Dahlias' with a total saleable area of 4.5 million sq ft and sales potential of Rs 35,000 crore. The company has already sold homes worth Rs 13,744 crore in this project last fiscal. DLF is India's largest real estate firm in terms of market capitalisation. Its net profit increased to Rs 4,366.82 crore during the 2024-25 fiscal year, from Rs 2,723.53 crore in the preceding year. Total income rose to Rs 8,995.89 crore in the last fiscal, from Rs 6,958.34 crore in the 2023-24 financial year Since its inception, DLF has developed more than 185 real estate projects and developed an area of more than 352 million square feet. DLF Group has 280 million square feet of development potential across residential and commercial segments, including current projects under execution and the identified pipeline. The group has an annuity portfolio of over 45 million square feet. DLF is primarily engaged in the business of the development and sale of residential properties (the Development Business) and the development and leasing of commercial and retail properties (the Annuity Business).
Hindustan Times
21-05-2025
- Business
- Hindustan Times
DLF expects to launch its Mumbai project in Q1 FY26, Goa project in the second half of the year
Real estate major DLF has announced plans to launch the first phase of its Mumbai project by June 2025, within the first quarter of the current financial year. The company also plans to enter the Goa real estate market, with its debut project scheduled for launch in the second half of the financial year. 'We are working towards launching our first Mumbai project by Q1 FY26,' said Aakash Ohri, joint managing director of DLF, during the Q4 FY25 investors' call. Explaining the delay, Ashok Kumar Tyagi, managing director and chief financial officer (CFO) of DLF, said, "The reason for the delay in the project is because of the multiplicity involved in the project, since it is a slum rehabilitation project." DLF is developing its first project in the Mumbai real estate market in partnership with the Trident Group under the Slum Rehabilitation Authority (SRA) scheme. Located in Andheri, the project's first phase will span approximately 1 million square feet. Initially announced in January 2024, the project will offer premium 3 BHK and 3 BHK+ apartments, with prices expected to range between ₹5.5 crore and ₹7.5 crore. DLF announced its re-entry into the Mumbai real estate market in July 2023. In 2005, DLF purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for ₹704 crore, the highest bid at the time. After the 2008 economic crisis, it changed its plans and sold the land to Lodha, also known as Macrotech Developers, for ₹2,700 crore in 2012. Also Read: Here's why Mumbai's redevelopment boom is drawing developers from Bengaluru, NCR, and Hyderabad According to Tyagi, the Goa project will be launched in the second half of the ongoing financial year. As per media reports, DLF is expected to launch 62 ultra-luxury villas in Goa, priced between ₹40 crore and ₹50 crore. On an analyst call, Aakash Ohri said, "...there is a sizable demand for both the products, both here (Delhi) in Privana and in Mumbai, both from the micro-geographies, rest of the countries, as well as the NRIs. " He further highlighted that, "Presently, the two Privanas that were sold last year are trading at a premium of ₹2,500 to ₹4,000 psf at present." On housing demand in 2024-25, Ohri said, "Housing demand for good houses continues there and Gurgaon today has become a very solid investment option too" He owed the growing demand in Gurugram to the cyber city, along with the major workforce." Also Read: DLF's Aakash Ohri says 'careful, cautious, and confident' about upcoming Mumbai project launch Buoyed by record pre-sales in the last fiscal, India's largest realty firm DLF on May 20 said it is targeting to sell housing properties worth ₹20,000-22,000 crore during 2025-26, driven by robust demand for its luxury properties. On May 19, DLF reported record sales bookings of ₹21,223 crore in 2024-25, an increase of 44% from ₹14,778 crore in the preceding financial year. In a conference call with analysts held on May 20, DLF's Managing Director Ashok Kumar Tyagi said, "Our pre-sales guidance for this fiscal is ₹20,000-22,200 crore." Also Read: DLF profit surges 39% in January-March quarter to touch ₹1282 cr; sales bookings up 44% to clock ₹21,223 cr in FY25 He said the company would like to maintain the sales momentum achieved during the last financial year.
Hindustan Times
20-05-2025
- Business
- Hindustan Times
DLF sets sales bookings target at ₹20-22K cr for FY26: MD Ashok Tyagi
New Delhi, May 20 (PTI) Buoyed by record pre-sales in the last fiscal, India's largest realty firm DLF on May 20 said it is targeting to sell housing properties worth ₹20,000-22,000 crore during 2025-26, driven by robust demand for its luxury properties. On May 19, the DLF reported record sales bookings of ₹21,223 crore in 2024-25, an increase of 44 per cent from ₹14,778 crore in the preceding financial year. In a conference call with analysts held on Tuesday, DLF's Managing Director Ashok Kumar Tyagi said, "Our pre-sales guidance for this fiscal is ₹20,000-22,200 crore." He said the company would like to maintain the sales momentum achieved during the last financial year. Tyagi said the company would continue to focus on generating free cash flow and improve profit margins. To achieve this target, DLF has inventories in its existing projects which was launched during 2024-25 and also the company plans to launch more projects in the current financial year. DLF's subsidiary DLF Home Developers Joint Managing Director Aakash Ohri informed analysts that the company plans to soon launch housing projects in Gurugram and Mumbai. During the 2024-25 fiscal, DLF launched its super luxury project 'The Dahlias' with a total saleable area of 4.5 million sq ft and sales potential of ₹35,000 crore. The company has already sold homes worth ₹13,744 crore in this project last fiscal. DLF is India's largest real estate firm in terms of market capitalisation. Its net profit increased to ₹4,366.82 crore during the 2024-25 fiscal year, from ₹2,723.53 crore in the preceding year. Total income rose to ₹8,995.89 crore in the last fiscal, from ₹6,958.34 crore in the 2023-24 financial year Since its inception, DLF has developed more than 185 real estate projects and developed an area of more than 352 million square feet. DLF Group has 280 million square feet of development potential across residential and commercial segments, including current projects under execution and the identified pipeline. The group has an annuity portfolio of over 45 million square feet. DLF is primarily engaged in the business of the development and sale of residential properties (the Development Business) and the development and leasing of commercial and retail properties (the Annuity Business).
Time of India
20-05-2025
- Business
- Time of India
DLF sets Rs 20,000–22,000 cr sales target for FY26, eyes launches in Mumbai, Goa & Gurgaon
Country's largest real estate developer DLF has given Rs 20,000-22,000 crore sales guidance for FY26 as it is expected to launch 29 million sq ft in the medium term, which has a sales potential of Rs 73,900 crore. During the FY25 investors call on Tuesday, company's executive said that it will launch projects in Mumbai, Goa and Gurgaon in the current financial year. 'Be it sales, collections, cash flow, net debt, profitability or rentals, it's been extremely strong performance across the board. There is one more metric that we care is return on equity and we have crossed over to the double digit mark and hopefully we will keep on improving year to year in this space,' DLF managing director Ashok Kumar Tyagi said during the analyst call. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo DLF has reported new sales bookings of Rs 21,223 crore against the guidance of Rs 17,000-18,000 crore in FY25. 'Housing demand for quality products is continuously there, Gurgaon today has become a very solid investment option too. There is housing demand for sale as well as rentals and therefore, a lot of people are investing in the DLF real estate as an asset class, which they prefer. In addition, NRIs or buyers from the rest of India have also started to invest in Gurgaon in a reasonably big way,' said said Aakash Ohri, joint managing director and chief business officer at DLF Homes. Live Events DLF reported net profit of Rs 1,268 crore, reflecting Y-o-Y growth of 37%. For the full year, DLF's consolidated revenue stood at Rs 8,996 crore while net profit stood at Rs 4,357 crore, reflecting Y-o-Y growth of 59%. Company's Mumbai entry, which got delayed, is expected to happen this year. 'While Mumbai as a geography interests, but having said that, we don't have any doubts that our center of gravity will remain NCR. NCR today is one of the deepest and one of the widest markets that exist in the country,' Tyagi said. DLF had planned 37 million sq ft of launched with the sales potential of Rs 1,14,500 crore from FY25 onwards. It has already launched 35% in FY25 and about 15% is planned to be launched in FY26. 'While our sales are running at Rs 20,000 crore level, we internally chase two metrics which is the free cash flow that we are generating and embedded margins that we are generating. We clearly want to be in a situation where our embedded margin on annual basis contribute in the 5 figure range,' said Tyagi. For FY25 consolidated revenue of DLF Cyber City Developers Limited, company's rental arm stood at Rs 6,448 crore while EBITDA stood at Rs 4,949 crore, reflecting a y-o-y growth of 11%; consolidated profit for the year stood at Rs 2,461 crore, a y-o-y growth of 46%.
