Latest news with #DLFLtd
Business Standard
18 hours ago
- Business
- Business Standard
Lodha Developers Ltd Spikes 1.96%
Lodha Developers Ltd has lost 13.86% over last one month compared to 8.08% fall in BSE Realty index and 4.09% drop in the SENSEX Lodha Developers Ltd rose 1.96% today to trade at Rs 1224.95. The BSE Realty index is up 0.21% to quote at 7086.69. The index is down 8.08 % over last one month. Among the other constituents of the index, DLF Ltd increased 0.25% and Prestige Estates Projects Ltd added 0.23% on the day. The BSE Realty index went down 17.02 % over last one year compared to the 0.9% fall in benchmark SENSEX. Lodha Developers Ltd has lost 13.86% over last one month compared to 8.08% fall in BSE Realty index and 4.09% drop in the SENSEX. On the BSE, 4986 shares were traded in the counter so far compared with average daily volumes of 1.1 lakh shares in the past one month. The stock hit a record high of Rs 1534.25 on 09 Jun 2025. The stock hit a 52-week low of Rs 1036 on 17 Mar 2025.
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Business Standard
2 days ago
- Business
- Business Standard
DLF-Trident JV sells ₹2,300 Cr worth luxury flats in Mumbai in just 7 days
India's largest real estate company, DLF Ltd, in joint venture with Trident Realty, has pulled off a blockbuster sale of all 416 luxury apartments launched in its Mumbai project The Westpark, raking in a whopping ₹2,300 crore—within just a week of launch. Developed under a Slum Rehabilitation Authority (SRA) scheme in Andheri West, The Westpark marks DLF's strategic re-entry into the Mumbai market after over a decade. The joint venture, in which DLF holds 51% and Trident 49%, launched the first phase of the 5-acre project at a premium pricing of ₹42,000–₹47,000 per sq ft, with apartments priced between ₹4 crore and ₹7.5 crore. "Mumbai has always been a key component of our national growth strategy. With The Westpark, we are proud to offer a development that resonates with the aspirations of the city's discerning residents," said Aakash Ohri, Joint MD and Chief Business Officer, DLF Home Developers Ltd. The duo plans to invest ₹900 crore in building the project, which sold out entirely within days, signalling robust demand for luxury homes in India's financial capital. This is not the first time DLF has hit a home run this year. Just last month, it sold out 1,164 units in its Gurugram project DLF Privana North for approximately ₹11,000 crore. Together, the Mumbai and Gurugram launches have helped DLF cross 50% of its annual sales booking guidance of ₹20,000–₹22,000 crore in the first few months of FY26. DLF's previous stint in Mumbai real estate included a 17-acre land deal with Lodha Developers for ₹2,700 crore in 2012 and a short-lived JV with Akruti City. But the company had since stayed away from India's most expensive housing market—until now. With The Westpark, DLF is betting big again. The project's full sellout in record time reflects both brand equity and a surge in demand from affluent buyers for high-end homes in strategic locations. DLF's Record Year DLF reported a record sales booking of ₹21,223 crore in FY25, up 44% from the previous year. Net profit for the fiscal surged to ₹4,366.82 crore, with revenues touching ₹8,995.89 crore. The developer has more than 280 million square feet of development potential across residential and commercial projects, and an annuity portfolio exceeding 45 million sq ft. Key points to note: Pricing and Configuration Development & Investment Phase 1 Construction Cost: Approx. ₹900 crore Entire Project Launch: Part of DLF's strategic re-entry into Mumbai after over a decade Project Type: Luxury residential gated development Expected Timeline: Underway; development work to follow full sellout of Phase 1 All Phase 1 units (416 flats across four 37-storey towers) sold out in under a week, driving DLF's Mumbai debut success. The non-resident Indians made up around 20% of buyers, with penthouses priced at ₹35 crore each (approx ₹70,000/sq ft). The ₹900 crore development plan for the 5-acre Phase 1 is within a larger 10-acre SRA master plan.
Bloomberg
5 days ago
- Business
- Bloomberg
Realtor Lodha Planning to Enter Delhi With $220 Million Project
Lodha Developers Ltd., India's number two realtor by market value, is planning a residential project in and around New Delhi next year, in signs of an intensifying turf war as it enters industry leader DLF Ltd. 's stronghold. The Mumbai-based developer expects to launch a project with an investment of as much as 19 billion rupees ($220 million) in the year starting April 2026, Prashant Bindal, the firm's chief sales officer said in an interview.
Mint
5 days ago
- Business
- Mint
DLF sells all 416 homes for over ₹2,300 crore in new Mumbai project Westpark
Bengaluru: DLF has sold out all apartments in a project in Mumbai for over ₹ 2,300 crore, marking a successful return to the real estate market in India's financial capital. DLF Home Developers Ltd, a subsidiary of DLF Ltd, India's most valued real estate company, said it sold all 416 units, including apartments and penthouses, in the first phase of The Westpark project in suburban Mumbai's Andheri (west) locality. The sale kicked off last week. Although DLF launched the project with two 37-storey towers initially, high demand prompted it to add two more towers. DLF is developing the project with New Delhi-based Trident Realty. The developer sold the entire inventory within a week at an average price of ₹ 42,500 per square foot. Non-resident Indians accounted for about 20% of the sales. Three of the five penthouses were sold for ₹ 35 crore each, at about ₹ 70,000 per sq. ft. 'Mumbai projects usually sell at a staggered pace. We are overwhelmed by the demand for our project and the sales,' Aakash Ohri, joint managing director and chief business officer of DLF Home Developers, told Mint in an interview. 'The Mumbai launch was important for DLF, and this gives us confidence to do more in the city.' The Westpark project marks DLF's return to Mumbai after exiting the property market there many years ago due to a sector slowdown. 'Mumbai is a key part of our national growth strategy. In Mumbai, customers liked the product offering including the amenities, followed by the brand value. Given the way we have entered the Mumbai market, we are here to stay,' Ohri added. The Mumbai project follows similar swift sales in Gurugram – DLF Privana West and Privana South, which collectively raked in ₹ 12,800 crore last year, and its super-luxury project The Dahlias, which clocked about ₹ 13,744 crore of sales bookings in FY25. The next big project from the DLF stable will be in Goa, in the current July-September quarter. The second phase of The Dahlias in Gurugram will be launched in the January-March quarter, Ohri said. DLF was the second highest-selling developer in FY25, after Godrej Properties Ltd. The company reported record sales bookings of ₹ 21,223 crore in FY25, up 44% from ₹ 14,778 crore the previous year. It has projected sales of ₹ 20,000-22,000 crore in FY26, banking on a pipeline that includes the next phase of The Dahlias, and the Mumbai and Goa launches. DLF has already achieved about half of its targeted sales for FY26 in the June-ended quarter. The company clocked ₹ 11,000 crore from bookings in Privana North, having sold the entire project inventory within a week of launch, it said in June.
Mint
5 days ago
- Business
- Mint
DLF sells all 416 homes for over ₹2,300 crore in new Mumbai project Westpark
Bengaluru: DLF has sold out all apartments in a project in Mumbai for over ₹ 2,300 crore, marking a successful return to the real estate market in India's financial capital. DLF Home Developers Ltd, a subsidiary of DLF Ltd, India's most valued real estate company, said it sold all 416 units, including apartments and penthouses, in the first phase of The Westpark project in suburban Mumbai's Andheri (west) locality. The sale kicked off last week. Although DLF launched the project with two 37-storey towers initially, high demand prompted it to add two more towers. DLF is developing the project with New Delhi-based Trident Realty. The developer sold the entire inventory within a week at an average price of ₹ 42,500 per square foot. Non-resident Indians accounted for about 20% of the sales. Three of the five penthouses were sold for ₹ 35 crore each, at about ₹ 70,000 per sq. ft. 'Mumbai projects usually sell at a staggered pace. We are overwhelmed by the demand for our project and the sales,' Aakash Ohri, joint managing director and chief business officer of DLF Home Developers, told Mint in an interview. 'The Mumbai launch was important for DLF, and this gives us confidence to do more in the city.' The Westpark project marks DLF's return to Mumbai after exiting the property market there many years ago due to a sector slowdown. 'Mumbai is a key part of our national growth strategy. In Mumbai, customers liked the product offering including the amenities, followed by the brand value. Given the way we have entered the Mumbai market, we are here to stay,' Ohri added. The Mumbai project follows similar swift sales in Gurugram – DLF Privana West and Privana South, which collectively raked in ₹ 12,800 crore last year, and its super-luxury project The Dahlias, which clocked about ₹ 13,744 crore of sales bookings in FY25. The next big project from the DLF stable will be in Goa, in the current July-September quarter. The second phase of The Dahlias in Gurugram will be launched in the January-March quarter, Ohri said. DLF was the second highest-selling developer in FY25, after Godrej Properties Ltd. The company reported record sales bookings of ₹ 21,223 crore in FY25, up 44% from ₹ 14,778 crore the previous year. It has projected sales of ₹ 20,000-22,000 crore in FY26, banking on a pipeline that includes the next phase of The Dahlias, and the Mumbai and Goa launches. DLF has already achieved about half of its targeted sales for FY26 in the June-ended quarter. The company clocked ₹ 11,000 crore from bookings in Privana North, having sold the entire project inventory within a week of launch, it said in June. Mumbai recorded 75,672 property registrations in the six months ended 30 June, up 4% from 72,491 in the corresponding period last year, Anarock Property Consultants said, citing data from the Inspector General of Registration.
