Latest news with #DLFPrivanaWest
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
DLF records highest-ever sales in FY25 on super luxury housing boom
Realty major DLF on Tuesday announced that it had recorded its highest-ever sales bookings at Rs 21,223 crore for the financial year 2024–25 (FY25), marking a 44 per cent rise from Rs 14,778 crore in FY24. The Gurugram-based developer attributed the robust performance to strong demand for its latest super luxury offerings — The Dahlias and Privana West. According to a regulatory filing, The Dahlias generated Rs 13,744 crore in new sales bookings during the fiscal. 'This resulted in monetisation of around 39 per cent of the total estimated sales potential of this project within the first year of its launch,' the company said. The next phase of DLF Privana West also witnessed a complete sell-out within days of its soft launch in May 2025, clocking approximately Rs 5,600 crore in new bookings. DLF had earlier indicated plans to launch 29 million square feet (msf) of residential projects with an estimated sales potential of Rs 73,900 crore over the medium term. Of this, 26 msf is earmarked for luxury projects, while another 1 msf will be allocated to super luxury housing. Regarding new launches in FY26, Aakash Ohri, joint managing director and chief business officer at DLF Homes, said the upcoming phase of Privana is expected in the June quarter, while the Mumbai project may launch in the second half of the financial year. 'There is sizable demand for both products from the rest of the country as well as from non-resident Indians (NRIs),' he added. Sriram Khattar, vice-chairman and managing director of DLF's rental business, noted that vacancy levels across the company's operational retail and office rental portfolio had dropped to 6 per cent. He added that occupancy certificates (OCs) for Atrium Place — DLF's joint venture office project with Hines — are expected in two phases. 'We expect the OC for the first phase, which is 2.1 msf, to come by July this year. For the remaining 1 msf, the OC is expected by Q4 FY26 or Q1 FY27. We have already leased about 95 per cent of the 3.1 msf space,' he said. The company also reported that construction in Downtown Gurgaon — a mixed-use commercial development — as well as two towers in Taramani Downtown is progressing well. In a filing to the stock exchanges on Monday, DLF, India's largest listed real estate developer by market capitalisation, reported a 46 per cent rise in revenue from operations to Rs 3,127.58 crore in Q4FY25, compared to Rs 2,134.84 crore in the same quarter last year. Net profit rose by 39 per cent year-on-year to Rs 1,282.2 crore, while total income increased by 44 per cent to Rs 3,347.77 crore.
India Gazette
20-05-2025
- Business
- India Gazette
DLF records highest ever sales booking in 2024-25 over premium housing boom
New Delhi [India], May 20 (ANI): Real estate major DLF on Tuesday announced it has recorded the highest ever sales booking in the just-concluded financial year 2024-25. It recorded booking worth Rs 21,223 crore in 2024-25, with Rs 2,035 crore in the January-March 2025 quarter. According to a statement from DLF, the consolidated sales booking in 2024-25 increased by 44 per cent year-on-year compared to that of Rs 14,778 crore in 2023-24. This massive boost, according to DLF, was primarily fueled by sales booking of DLF's latest super luxury offering, The Dahlias and their exceptional sell-out response of DLF Privana West in May 2024. DLF said it had also surpassed its annual guidance of Rs 17,000 crore. 'Our latest super-luxury offering - The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the fiscal. The humbling response to our latest offering underscores our brand's strength and our commitment to customer centricity,' DLF said. 'This has resulted in the monetisation of approximately 39 per cent of the estimated total sales potential of this project within the first year of its launch. We also launched the next phase of our luxury project - DLF Privana West, which garnered strong interest and witnessed complete sell-out within a few days of the soft launch, clocking approximately Rs 5,600 crore of new sales bookings,' DLF added. On an analyst call today, Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Homes, said, '...there is a sizeable demand for both the products, both here 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 Rs 2,500 to Rs 4,000 psf at present.' On housing demand in 2024-25, Ohri said, 'Housing demand for good houses in continuously 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.' On the timeline of the upcoming launch, Ohri said the launch of upcoming phase of Privana is expected in the first quarter of 2025-26 and the Mumbai project in the second half of this financial year. (ANI)
Time of India
20-05-2025
- Business
- Time of India
DLF reports net profit of Rs 1,268 crore, Y-o-Y growth of 37%
Rental income is expected to further grow with rent commencement of recently completed office block at DLF Downtown, Gurugram admeasuring approximately 2 msf,' the company said. Company's latest super-luxury offering - The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the fiscal. This has resulted in the monetization of approximately 39% of the estimated total sales potential of this project within the first year of its launch. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: DLF reported net profit of Rs 1,268 crore, reflecting Y-o-Y growth of 37% as it reported record new sales booking of Rs 21,223 crore during the latest super-luxury offering - The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the has resulted in the monetization of approximately 39% of the estimated total sales potential of this project within the first year of its launch.'We also launched the next phase of our luxury project - DLF Privana West, which garnered strong interest and witnessed complete sell out within a few days of the soft launch clocking approximately Rs 5,600 crore of new sales bookings,' the company said in a 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%.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%.'Occupancy levels across our rental portfolio saw gradual improvement and remained healthy at 94%. We expect sustained demand momentum across our annuity business and hence continue to judiciously invest towards growing our portfolio across geographies. Rental income is expected to further grow with rent commencement of recently completed office block at DLF Downtown, Gurugram admeasuring approximately 2 msf,' the company said.
&w=3840&q=100)
Business Standard
19-05-2025
- Business
- Business Standard
DLF Q4FY25 results: Net profit rises 39% to ₹1,282 crore; revenue up 46%
Real estate major DLF reported a 39 per cent year-on-year (Y-o-Y) rise in consolidated net profit to ₹1,282.2 crore for the March quarter of financial year 2024–25 (Q4FY25), up from ₹919.82 crore in Q4FY24. In a statement to the exchanges on Monday, India's largest listed real estate developer by market capitalisation said its revenue from operations grew 46 per cent Y-o-Y to ₹3,127.58 crore in Q4FY25, compared to ₹2,134.84 crore in the same quarter last year. Total income for the March quarter rose 44 per cent to ₹3,347.77 crore from ₹2,316.7 crore a year ago. On a sequential basis, the Gurugram-based developer's net profit rose 21 per cent, and revenue doubled—rising 102 per cent—from ₹1,058.7 crore and ₹1,528.7 crore in Q3FY25, respectively. The company attributed this growth to strong performances in both development and rental businesses. For the full financial year, DLF's net profit surged 60 per cent to ₹4,367 crore from ₹2,723.53 crore in FY24. Revenues rose to ₹7,993.66 crore in FY25, up from ₹6,427 crore in the previous year. Total income for the year increased to ₹8,995.89 crore from ₹6,958.34 crore in FY24. DLF said its development business maintained a strong growth trajectory, posting record new sales bookings of ₹21,223 crore in FY25. Its latest super-luxury offering, The Dahlias, generated new sales bookings worth ₹13,744 crore during the fiscal, resulting in the monetisation of approximately 39 per cent of the project's estimated total sales potential in its first year. 'We also launched the next phase of our luxury project, DLF Privana West, which garnered strong interest and witnessed a complete sell-out within a few days of the soft launch, clocking approximately ₹5,600 crore in new sales bookings,' the company said. DLF added that occupancy across its rental portfolio continued to improve and remained healthy at 94 per cent. 'We expect sustained demand momentum across our annuity business and will continue to invest judiciously to grow our portfolio across geographies,' the company noted. Rental income is expected to rise further with the commencement of operations at a newly completed office block in DLF Downtown, Gurugram, measuring approximately 2 million square feet. The board has recommended a dividend of ₹6 per equity share of face value ₹2 for FY25, subject to shareholder approval.
Time of India
19-05-2025
- Business
- Time of India
DLF reports Rs 4,357 cr profit, record net cash surplus in FY 25
NEW DELHI: Real estate major DLF on Monday reported a consolidated revenue of Rs 3,348 crore inQ4 FY 25 and Rs 8,996 crore in the full fiscal FY 25. It announced a net profit Rs 1,268 crore in Q4, reflecting Y-o-Y growth of 37%, and profit of Rs 4,357 crore for FY 25, reflecting Y-o-Y growth of 59%. It ended last fiscal with a record net cash surplus generation of Rs 5,302 crore. DLF hares closed 3% up at Rs 737.4 on BSE Monday when the broader market was down 0.3%. 'Our development business achieved yet another year of robust and consistent performance, with record new sales booking of Rs 21,223 crore during the year. This marked a year-on-year growth of 44%. Our latest super-luxury offering — The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the fiscal. This has resulted in the monetisation of about 39% of the estimated total sales potential of this project within the first year of its launch,' DLF said in a statement. ''We also launched the next phase of our luxury project - DLF Privana West, which witnessed complete sell out within a few days of the soft launch clocking about Rs 5,600 crore of new sales bookings.' '…consistent cash flow generation led to a net cash surplus generation of Rs 5,302 crore during the fiscal. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng với sàn môi giới tin cậy IC Markets Đăng ký Undo Consequently, our net cash position at the fiscal end further improved to Rs 6,848 crore. Our annuity business delivered another period of steady and consistent growth. FY25 consolidated revenue of DLF Cyber City Developers Limited ('DCCDL') stood at Rs 6,448 crore; 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%,' it added. 'Occupancy levels across our rental portfolio saw gradual improvement and remained at 94%. We expect sustained demand momentum across our annuity business and hence continue to judiciously invest towards growing our portfolio across geographies. Rental income is expected to further grow with rent commencement of recently completed office block at DLF Downtown, Gurugram measuring about 2 msf. Further to our stated commitment to work consistently towards enhancing shareholder value, the Board has recommended a dividend of Rs 6 per share for shareholders' approval. This payout would signify a year-on-year growth of 20% in the dividend compared to the previous year,' the statement said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
