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The Print
39 minutes ago
- Business
- The Print
DLF to invest Rs 5500cr to build new luxury housing project in Gurugram
The estimated cost to develop this project is around Rs 5,500 crore, they added. This upcoming project is part of its 116-acre township 'DLF Privana'. According to sources, the company will soon launch an 18-acre project 'DLF Privana North' in Sector 76/77 Gurugram, comprising more than 1,150 apartments. New Delhi, June 15 (PTI) Realty major DLF Ltd will invest around Rs 5,500 crore to develop a luxury housing project in Gurugram, as it seeks to achieve record sales bookings this fiscal on high demand. In this 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 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. 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. Last month, Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd, informed analysts that the company targets to launch this new project Privana North in the current quarter. In its latest investors presentation, DLF informed that the company launched a 7.5 million square feet area 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 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 area 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 capitalize on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline. DLF's net profit increased to Rs 4,366.82 crore during 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. PTI MJH MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
an hour ago
- Business
- Time of India
DLF to invest ₹5,500 crore to build housing project in Gurugram
NEW DELHI: Realty major DLF Ltd will invest around Rs 5,500 crore to develop a luxury housing project in Gurugram , as it seeks to achieve record sales bookings this fiscal on high demand. According to sources, the company will soon launch an 18-acre project ' DLF Privana North ' in Sector 76/77 Gurugram, comprising more than 1,150 apartments. The estimated cost to develop this project is around Rs 5,500 crore, they added. This upcoming project is part of its 116-acre township 'DLF Privana'. In this 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 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. 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. Last month, Aakash Ohri , Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd, informed analysts that the company targets to launch this new project Privana North in the current quarter. In its latest investors presentation, DLF informed that the company launched a 7.5 million square feet area 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 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 area 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 capitalize on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline. DLF's net profit increased to Rs 4,366.82 crore during 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.
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Business Standard
4 hours ago
- Business
- Business Standard
Starting at Rs 9 cr? DLF bets big with Rs 5,500 Cr Privana North Project
DLF is set to pour Rs 5,500 crore into launching its next ultra??'luxury residential project, DLF Privana North, spanning 18 acres in Gurugram's Sectors 76–77. This marks the third phase of the 116??'acre Privana township, following the stunning early sells of Privana South (1,113 units in 3 days, ₹7,200 cr) and Privana West (795 units in 3 days, ₹5,590 cr), industry sources were quoted as saying by Key things to know: The estimated cost to develop this project is around Rs 5,500 crore. This upcoming project is part of its 116-acre township 'DLF Privana'. In this 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. Multiple other projects of the realty major have sold out in the past, including The Camellias, The Arbour and the most recent super-luxury project - The Dahlias. Why Gurugram's luxury market is booming DLF's luxury demand surge is driven by several factors: Strong bookings: Sales bookings hit a record ₹21,223 crore in FY24–25, up 44% year-over-year Under??'construction tailwinds: Spree of new high??'end launches — including the mega The Dahlias and upcoming Privana North. Strategic planning: 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. Last month, Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd, informed analysts that the company targets to launch this new project Privana North in the current quarter. In its latest investors presentation, DLF informed that the company launched a 7.5 million square feet area 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 area in the last financial year itself for Rs 19,344 crore. Privana North: High??'end by every measure Privana North will likely offer 1,100+ ultra??'luxury apartments, with base prices starting above Rs 9 crore, and penthouses expected to reach Rs 25 crore, said industry sources. RERA approval is already in place, and DLF has begun soft??'launch previews to select high??'net??'worth individuals and NRIs The project enjoys prime positioning along crucial infrastructure nodes like the Dwarka Expressway and SPR — considered Gurugram's fastest??'developing micro??'market. DLF's momentum: Beyond luxury DLF recently launched projects totaling 7.5 million sq ft, with ₹40,600 crore in revenue potential, of which ₹19,344 crore of sales were booked last year Additionally, The Dahlias — a premium 4.5 million sq ft development — alone secured ₹13,744 crore in bookings within its first year DLF aims to replicate its luxury sales formula through Privana North and other upcoming launches. Management remains bullish, forecasting continued demand from HNIs and NRI investors With multiple phases already sold out in record time, Privana North is well??'positioned to generate high??'value bookings and contribute significantly to DLF's ₹20K+ crore target for FY26. With inputs from PTI
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Business Standard
a day ago
- Business
- Business Standard
DLF to invest ₹5,500 cr to build new luxury housing project in Gurugram
The estimated cost to develop this project is around ₹5,500 crore, they added. This upcoming project is part of its 116-acre township 'DLF Privana' Press Trust of India New Delhi Realty major DLF Ltd will invest around ₹5,500 crore to develop a luxury housing project in Gurugram, as it seeks to achieve record sales bookings this fiscal on high demand. According to sources, the company will soon launch an 18-acre project 'DLF Privana North' in Sector 76/77 Gurugram, comprising more than 1,150 apartments. The estimated cost to develop this project is around ₹5,500 crore, they added. This upcoming project is part of its 116-acre township 'DLF Privana'. In this township, the company had last year launched and completely sold out two projects -- 'DLF Privana West' and 'DLF Privana South' -- for around ₹12,800 crore. In May 2024, DLF sold all 795 apartments for ₹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 ₹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 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. DLF's MD Ashok Tyagi recently gave sales bookings guidance for the current fiscal at ₹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 ₹17,000 crore this fiscal year amid strong demand for luxury homes. Last month, Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd, informed analysts that the company targets to launch this new project Privana North in the current quarter. In its latest investors presentation, DLF informed that the company launched a 7.5 million square feet area during the last fiscal for sale with an estimated revenue potential of ₹40,600 crore. Out of this, the company sold 5 million square feet area in the last financial year itself for ₹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 area and sales potential of ₹35,000 crore. Last month, DLF said the company has received encouraging demand for The Dahlias project, generating ₹13,744 crore worth of sales bookings during the last fiscal. The company remains optimistic about the sustained housing demand and would continue to capitalize on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline. DLF's net profit increased to ₹4,366.82 crore during 2024-25 fiscal 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. (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.)
Time of India
a day ago
- Business
- Time of India
DLF to invest Rs 5500cr to build new luxury housing project in Gurugram
Realty major DLF Ltd will invest around Rs 5,500 crore to develop a luxury housing project in Gurugram, as it seeks to achieve record sales bookings this fiscal on high demand. According to sources, the company will soon launch an 18-acre project 'DLF Privana North' in Sector 76/77 Gurugram, comprising more than 1,150 apartments. The estimated cost to develop this project is around Rs 5,500 crore, they added. This upcoming project is part of its 116-acre township 'DLF Privana'. Play Video Play Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 30:33 Loaded : 0.27% 00:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 30:33 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When Knee Pain Hits, Start Eating These Foods, and Feel Your Pain Go Away (It's Genius) Read More Undo In this 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'. Live Events 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 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. 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. Last month, Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd, informed analysts that the company targets to launch this new project Privana North in the current quarter. In its latest investors presentation, DLF informed that the company launched a 7.5 million square feet area 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 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 area 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 capitalize on this momentum by introducing calibrated offerings of new products from a strong and well-diversified pipeline. DLF's net profit increased to Rs 4,366.82 crore during 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. PTI MJH MR
