Latest news with #DLFPrivanaSouth
Time of India
3 days ago
- Business
- Time of India
DLF to invest ₹23,500 crore to complete ongoing housing projects in NCR, Mumbai
NEW DELHI: India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai . According to an investor's presentation, the "total pending cost" to complete all launched projects is estimated at Rs 23,500 crore. To meet its pending construction spend, DLF mentioned that the company has a cash balance of Rs 10,429 crore, of which Rs 7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority (RERA). That apart, the company has receivables of Rs 37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around Rs 750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters. Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh . During the current July-September quarter, DLF Ltd and Trident Realty launched a housing project comprising 416 flats in Mumbai and also sold all units for around Rs 2,300 crore. In the first quarter, the company launched and sold all 1,164 luxury apartments for about Rs 11,000 crore in its new housing project 'DLF Privana North' in Gurugram. This project is part of its 116-acre township. Last year, DLF had in this township launched and completely sold out two projects -- 'DLF Privana West' and 'DLF Privana South' -- for around Rs 12,800 crore. These new launches have helped DLF in achieving record sales bookings during the last fiscal year, and the company is targeting to repeat its performance. DLF's sales bookings stood at a record Rs 21,223 crore in the last fiscal as against Rs 14,778 crore in the 2023-24. During the 2022-23 fiscal, the company's sales bookings stood at Rs 15,058 crore. For the current financial year, DLF has given a sales bookings guidance of Rs 20,000-22,000 crore, and it has already sold properties worth Rs 11,425 crore in the first quarter of this fiscal. DLF Group is primarily engaged in the business of the sale of residential properties (development business) and leasing of commercial and retail properties (annuity business). The Group has developed more than 185 real estate projects comprising a total area of more than 352 million sq ft. It also has an annuity portfolio of 46 million sq ft. DLF has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline.
Hindustan Times
4 days ago
- Business
- Hindustan Times
DLF to invest ₹23,500 cr to complete ongoing housing projects in NCR, Mumbai
New Delhi, Aug 8 (PTI) India's biggest realty firm DLF Ltd will invest ₹23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai. DLF Ltd will invest ₹ 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai. (Representational photo)(HT Photo) According to an investor's presentation, the "total pending cost" to complete all launched projects is estimated at ₹23,500 crore. To meet its pending construction spend, DLF mentioned that the company has a cash balance of ₹10,429 crore, of which ₹7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority (RERA). That apart, the company has receivables of ₹37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around ₹750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters. Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh. During the current July-September quarter, DLF Ltd and Trident Realty launched a housing project comprising 416 flats in Mumbai and also sold all units for around ₹2,300 crore. In the first quarter, the company launched and sold all 1,164 luxury apartments for about ₹11,000 crore in its new housing project 'DLF Privana North' in Gurugram. This project is part of its 116-acre township. Last year, DLF had in this township launched and completely sold out two projects -- 'DLF Privana West' and 'DLF Privana South' -- for around ₹12,800 crore. These new launches have helped DLF in achieving record sales bookings during the last fiscal year, and the company is targeting to repeat its performance. DLF's sales bookings stood at a record ₹21,223 crore in the last fiscal as against ₹14,778 crore in the 2023-24. During the 2022-23 fiscal, the company's sales bookings stood at ₹15,058 crore. For the current financial year, DLF has given a sales bookings guidance of ₹20,000-22,000 crore, and it has already sold properties worth ₹11,425 crore in the first quarter of this fiscal. DLF Group is primarily engaged in the business of the sale of residential properties (development business) and leasing of commercial and retail properties (annuity business). The Group has developed more than 185 real estate projects comprising a total area of more than 352 million sq ft. It also has an annuity portfolio of 46 million sq ft. DLF has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline.
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
DLF to invest ₹23,500 cr in ongoing housing projects in NCR, Mumbai
India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai. According to an investor's presentation, the "total pending cost" to complete all launched projects is estimated at Rs 23,500 crore. To meet its pending construction spend, DLF mentioned that the company has a cash balance of Rs 10,429 crore, of which Rs 7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority (RERA). That apart, the company has receivables of Rs 37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around Rs 750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters. Post-Covid pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh. During the current July-September quarter, DLF Ltd and Trident Realty launched a housing project comprising 416 flats in Mumbai and also sold all units for around Rs 2,300 crore. In the first quarter, the company launched and sold all 1,164 luxury apartments for about Rs 11,000 crore in its new housing project 'DLF Privana North' in Gurugram. This project is part of its 116-acre township. Last year, DLF had in this township launched and completely sold out two projects -- 'DLF Privana West' and 'DLF Privana South' -- for around Rs 12,800 crore. These new launches have helped DLF in achieving record sales bookings during the last fiscal year, and the company is targeting to repeat its performance. DLF's sales bookings stood at a record Rs 21,223 crore in the last fiscal as against Rs 14,778 crore in the 2023-24. During the 2022-23 fiscal, the company's sales bookings stood at Rs 15,058 crore. For the current financial year, DLF has given a sales bookings guidance of Rs 20,000-22,000 crore, and it has already sold properties worth Rs 11,425 crore in the first quarter of this fiscal. DLF Group is primarily engaged in the business of the sale of residential properties (development business) and leasing of commercial and retail properties (annuity business). The Group has developed more than 185 real estate projects comprising a total area of more than 352 million sq ft. It also has an annuity portfolio of 46 million sq ft. DLF has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
4 days ago
- Business
- News18
DLF to invest Rs 23,500 cr to complete ongoing housing projects in NCR, Mumbai
New Delhi, Aug 8 (PTI) India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai. According to an investor's presentation, the 'total pending cost" to complete all launched projects is estimated at Rs 23,500 crore. To meet its pending construction spend, DLF mentioned that the company has a cash balance of Rs 10,429 crore, of which Rs 7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority (RERA). That apart, the company has receivables of Rs 37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around Rs 750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters. Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh. During the current July-September quarter, DLF Ltd and Trident Realty launched a housing project comprising 416 flats in Mumbai and also sold all units for around Rs 2,300 crore. In the first quarter, the company launched and sold all 1,164 luxury apartments for about Rs 11,000 crore in its new housing project 'DLF Privana North' in Gurugram. This project is part of its 116-acre township. Last year, DLF had in this township launched and completely sold out two projects — 'DLF Privana West' and 'DLF Privana South' — for around Rs 12,800 crore. These new launches have helped DLF in achieving record sales bookings during the last fiscal year, and the company is targeting to repeat its performance. DLF's sales bookings stood at a record Rs 21,223 crore in the last fiscal as against Rs 14,778 crore in the 2023-24. During the 2022-23 fiscal, the company's sales bookings stood at Rs 15,058 crore. For the current financial year, DLF has given a sales bookings guidance of Rs 20,000-22,000 crore, and it has already sold properties worth Rs 11,425 crore in the first quarter of this fiscal. DLF Group is primarily engaged in the business of the sale of residential properties (development business) and leasing of commercial and retail properties (annuity business). The Group has developed more than 185 real estate projects comprising a total area of more than 352 million sq ft. It also has an annuity portfolio of 46 million sq ft. DLF has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline. PTI MJH MJH DR DR view comments First Published: August 08, 2025, 13:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
18-06-2025
- Business
- Economic Times
DLF sells 1,164 luxury homes in Gurugram for Rs 11,000 cr on strong demand
TIL Creatives DLF luxury apartments in Gurugram (Representational) Real estate major DLF Ltd has sold all 1,164 luxury apartments for about Rs 11,000 crore within a week of launch of its new housing project in Gurugram, reflecting that demand continues to be strong for premium residential properties from end-users and investors. In a regulatory filing on Wednesday, DLF announced "sell out of its latest luxury offering, DLF Privana North, valued at approximately Rs 11,000 crore, a historic milestone achieved within just one week." The project is part of a 116-acre integrated township - DLF Privana in Sectors 76 and 77, Gurugram. The new project 'DLF Privana North' spans 17.7 acres and comprises 1,152 flats (4BHK) and 12 penthouses. The project has six towers rising to stilt+50 storeys, the tallest residential structures to be developed by DLF till date. Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers, said, "The development embodies DLF's vision of delivering expansive living spaces, breathtaking views, and privacy in the sky." Also Read: DLF to invest Rs 5500cr to build new luxury housing project in Gurugram The strong sales response reflects a clear, latent demand for DLF offerings, driven by the success of our past projects, he added. "We saw interest from buyers across India and around the world," Ohri said. Earlier sources had said, DLF will invest around Rs 5,500 crore to develop this new luxury housing project in Gurugram. In this 116-acre township, the company had last year launched and completely sold out two projects -- 'DLF Privana West' and 'DLF Privana South' -- for around Rs 12,800 crore. In May 2024, DLF sold all 795 apartments for Rs 5,590 crore within three days of the launch of its 12.57-acre project 'Privana West'. Before that, in January 2024, the company had sold 1,113 luxury apartments in Gurugram for Rs 7,200 crore within three days of the launch of its project 'DLF Privana South', which is spread over 25-acre. The new project will be the third one in this large township. DLF, the country's largest real estate firm in terms of market capitalisation, reported a record sales bookings of Rs 21,223 crore in the 2024-25 fiscal, an increase of 44 per cent from Rs 14,778 crore in the preceding financial year. DLF's MD Ashok Tyagi recently gave sales bookings guidance for the current fiscal at Rs 20,000-22,000 crore, almost in the same range as last financial year. To achieve this target, DLF plans to launch housing properties worth more than Rs 17,000 crore this fiscal year amid strong demand for luxury homes. Besides new launches, the company has inventories in its ultra luxury housing project 'The Dahlias' in DLF Phase 5, Gurugram. In its latest investor presentation, DLF informed that the company launched 7.5 million square feet during the last fiscal for sale with an estimated revenue potential of Rs 40,600 crore. Out of this, the company sold 5 million square feet of area in the last financial year itself for Rs 19,344 crore. In 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. Last month, DLF said the company has received encouraging demand for The Dahlias project, generating Rs 13,744 crore worth of sales bookings during the last fiscal. The company remains optimistic about the sustained housing demand and would continue to capitalise on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline. On financial performance, DLF's net profit increased to Rs 4,366.82 crore during the 2024-25 fiscal 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. Also Read: DLF share price today 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 the 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).
