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Business Standard
11-08-2025
- Business
- Business Standard
Luxury homes to prime rentals: DLF's ₹33,500 cr expansion plan decoded
India's largest real estate developer, DLF Ltd, will pump in ₹23,500 crore to complete residential projects already launched across Delhi-NCR and Mumbai. An investor presentation revealed that the total pending cost for completing these projects stands at ₹23,500 crore. To meet this commitment, DLF has a cash balance of ₹10,429 crore, including ₹7,782 crore parked in Real Estate Regulatory Authority (RERA) escrow accounts, along with customer receivables of ₹37,220 crore from units already sold. In a recent analyst call, DLF Group CFO said the company spent around ₹750 crore on construction in the first quarter of FY25, with a marginal increase expected in subsequent quarters. Post-pandemic, DLF has launched several marquee residential projects in Delhi-NCR, Mumbai, and the tri-city of Chandigarh. Blockbuster Sales in New Launches In Q2 FY25, DLF, along with Trident Realty, launched a Mumbai project of 416 flats, selling out completely for ₹2,300 crore. In Q1, it launched and sold all 1,164 luxury apartments in DLF Privana North in Gurugram for about ₹11,000 crore. This follows the sell-out of Privana West and Privana South last year, which together fetched around ₹12,800 crore. These high-value launches have powered DLF's record-breaking sales bookings of ₹21,223 crore in FY24, up from ₹14,778 crore in FY23. For FY25, the company has guided sales bookings of ₹20,000–₹22,000 crore and has already achieved ₹11,425 crore in Q1 alone. DLF is making big bets on its rental business The real estate major plans to pump in ₹5,000 crore each in FY26 and FY27 as capital expenditure, targeting rental earnings of around ₹6,700 crore by the close of FY26. According to Sriram Khattar, Vice Chairman and MD (Rental Business), this growth will be powered by new office and retail projects expected to start generating rentals within the current fiscal. Of the projected earnings, ₹5,900 crore will come from DCCDL (DLF Cyber City Developers) and about ₹750 crore from DLF and its joint venture Atrium Place, developed with Hines. DLF's rental portfolio currently spans 43–44 million sq ft across office parks, IT/ITeS SEZs, retail spaces, and hospitality assets. Massive Development Pipeline DLF's portfolio spans over 185 completed projects covering more than 352 million sq ft, alongside a commercial and retail leasing (annuity) portfolio of 46 million sq ft. With 280 million sq ft of future development potential, DLF remains well-positioned to ride the current wave of housing demand, particularly in the premium segment. Analysts say the combination of strong pre-sales, healthy cash reserves, and a fully-funded execution plan puts DLF in a solid position to maintain its growth momentum in India's resurging real estate market. JM Financial Research has a 'Buy' rating with a sum-of-the-parts valuation of ₹1,000. 'Aided by the rampup in new assets and a strong development pipeline, we expect rental income to grow at 11 per cent annually over FY25-FY28. DLF, with its steady annuity cash flows and fully paid-up land banks, remains extremely well-placed to scale up across segments and newer geographies," said analysts at the brokerage firm. Pipeline & Completions 28 million sq ft under planning and development in the rental segment. 5 million sq ft scheduled for completion in FY26. Upcoming Rental Streams Rentals from Downtown Gurugram and Downtown 3 Chennai to start from Sept–Oct 2025; occupancy certificates already received. Atrium Place almost fully leased — only 150,000 sq ft remaining out of 3.1 million sq ft; expected to be fully committed by month-end. First three blocks (2.1 million sq ft) at Atrium Place to get OC by month-end; 3 tenants already started fit-outs. Rentals from Atrium Place expected from Dec 2025–Jan 2026. Q1 FY25 new residential sales bookings at ₹11,425 crore, up 78% YoY, driven by DLF Privana North launch in Gurugram. Goa launch awaiting approvals; next phase of Dahlias planned for March–April 2026, featuring a new experience center. Mumbai: Phase one over 5.18 acres completed; next phase to start next year due to regulatory approvals in Maharashtra. Framework in place to maintain mid-teens annual rental growth. Existing portfolio showing 7%–8.5% annual rental income growth. Full-year rental growth projected at ~15%, with quarterly variations based on asset handovers and rental commencements.
Mint
24-06-2025
- Business
- Mint
Why DLF is walking on eggshells beyond Gurugram, its home turf
Bengaluru: Within a week of launching 'Privana North', its new premium highrise project in Gurugram in June, DLF Ltd sold all the 1,152 four bedroom-homes and the 12 penthouses, raking in about ₹11,000 crore. Last year, it sold two projects, 'Privana West' and 'Privana South', in the eponymous 116-acre township within 72 hours of their respective launches, for ₹12,800 crore. By far the biggest sale, however, was the super-luxury project The Dahlias, which raked in ₹13,744 crore after its launch last Diwali. Much like consumers falling over each other to buy the latest iPhone, this voracious homebuyer appetite for its premium properties helped DLF, India's largest real estate developer in terms of market capitalization, become the second-highest-selling developer in 2024-25, after Godrej Properties Ltd. However, the company's ₹21,223 crore residential sales came largely from Gurugram, its home market, unlike Godrej, which operates in most of the top cities. And despite the creditable sales performance, the residential and commercial property developer has given a rather flat guidance for 2025-26—projecting sales of ₹20,000-22,000 crore. Analysts at Elara Securities say the projection is cautious and conservative. In comparison, DLF's top three competitors—Godrej Properties, Lodha Developers Ltd and Prestige Estates Projects Ltd—are more optimistic, having guided for higher sales growth this year. From DLF's perspective, rather than making short-term gains when the property market is on a high, the focus appears to be firmly on the long term. In line with this thinking, the company has laid out a five-year roadmap with a project pipeline of over ₹1 trillion that will roll out between 2024-25 and 2029-30. That roadmap involves land monetization, close to becoming zero gross debt at the group level, scaling up rental revenue, focusing on luxury sales, and generating ₹25,000 crore of gross cash for its development business. Becoming debt free is a huge step for the company psychologically. Between 2008 and 2017, DLF's net debt had soared to ₹26,000 crore, the bulk of it due to the development business, and it had to sell a land parcel in Mumbai, a stake in its rental arm (DLF Cyber City Developers or DCCDL) and other non-core assets to ease the intense pressure on its balance sheet. In 2023-24, DLF took a big step in this direction when it hit the zero debt mark in its development business, and became net cash positive to the tune of ₹1,547 crore. Last fiscal, the development business had net cash of ₹6,848 crore. The rental arm, DCCDL, however, has a debt burden of ₹17,488 crore. Analysts aren't too concerned about that debt, however, noting that it is low-cost and necessary given the capital-intensive nature of the business. The company, however, wants to pare it sharply. DLF's prospects look much brighter today, but a concentration risk looms large over those prospects, because most of its eggs are in one basket: the National Capital Region (NCR), particularly in Gurugram. In the earlier boom cycle, the developer burnt its fingers with its pan-India ambitions, spreading itself thin and piling up debt. The scars from that experience appear to be heavily influencing its cautious approach this time around, as it tests the waters in Mumbai and Goa. While the company is being conservative, investors expect it to continue its good run. Over the past three months, the DLF stock has soared 22.07% to ₹848.60 (as of 23 June) in the wake of multiple launches, outperforming the Nifty Realty Index, which was up 18%. The stock beat the sectoral index over the last 12 months as well. Building in the boondocks Delhi Land and Finance (DLF) was founded by Chaudhary Raghavendra Singh in 1946. In the first couple of decades, it developed multiple plotted and housing colonies across many Delhi neighbourhoods. In the years that followed, the company acquired vast amounts of land in Gurugram and the NCR. DLF took off under the leadership of the founder's son-in-law, Kushal Pal Singh, a former army officer and now chairman emeritus of the company, whose vision for that neck of the woods in Haryana stretched out decades ahead. Singh gave a hint of that vision through an anecdote in the book Why The Heck Not?, published last year, which he coauthored with Aparna Jain. On a muggy Sunday afternoon in 1980, he had driven down to Gurgaon (as the area was known then), where DLF had a 30-acre land patch. As he sat chatting with the villagers in Haryanvi, a Jeep broke down on the nearby Gurgaon-Faridabad Road. The vehicle's owner, Rajiv Gandhi, was on one of his habitual long weekend drives. When they met, Gandhi asked Singh what he was doing in the 'oppressive heat". Singh said, 'Right now, I am sitting here twiddling my thumbs, but I could be building a brand new city." 'Building a city in these boondocks?" Gandhi asked. 'Tell me more." Today, DLF has a land bank with 205 million sq. ft of development potential for its businesses, large enough to keep it busy for another 20 years. None of its peers can boast of such a long runway—they have to buy land at current market prices, and then develop it, which is a longer and more expensive process. Moreover, the low-cost land, coupled with premium and luxury offerings, allow DLF to enjoy higher margin accretion. If at first you don't… At the peak of the real estate boom in 2005, DLF bought 17 acres of mill land in central Mumbai for ₹702 crore. Then, in 2012, when the markets turned bad, and its debt was piling up, the developer sold the land to Lodha Developers for ₹2,700 crore to exit the non-core market. In the following years, DLF slowly withdrew its pan-India strategy to focus on the NCR for its residential business. Now, several years later, it is turning westward again, focusing on high-end projects with good profit margins. In the coming months, DLF is set to re-enter Mumbai, the country's most valuable property market, to launch its first housing project there, a slum redevelopment effort in suburban Andheri, in partnership with Delhi-based Trident Realty. The project is premium—pricing for the first phase is expected to be at ₹5-7 crore per unit—but not in the luxury category. 'Our product and approach may be tailored to local sensitivity, but DLF will not dumb down or discount its projects," asserted Aakash Ohri, joint managing director and chief business officer, DLF Home Developers Ltd. But Mumbai is different terrain and a very competitive market. Established developers such as Lodha, Oberoi Realty, K Raheja Corp and newer entrants such as Prestige Estates are all jostling with each other for a slice of the lucrative pie. 'The property market was speculative in 2005, and developers such as DLF took aggressive bets by entering multiple cities. The market is rational now. DLF is re-entering Mumbai when there is demand assurance, and the company has a loyal investor base," said Pankaj Kapoor, managing director, Liases Foras Research. 'Still, it is important for the first project to do well for them to expand further." In 2025-26, DLF will also launch ultra-luxury villas in its first project in Goa, a market it had attempted to enter in the past without any success. With the residential business, DLF will stick to a few markets, Delhi-NCR and Mumbai, with Gurugram remaining its core hub. The rental business, however, will expand across more cities, including Chennai and Hyderabad. Expanding commercial realty Beyond its more-talked-about, glamorous, luxury residential projects, DLF also has a big rental portfolio of premium offices and shopping malls. The existing rental portfolio (including office and retail) is about 46 million sq. ft, and another 16 million sq. ft is under development, making it almost as large as Embassy REIT, the country's largest office real estate investment trust in terms of area. Data centres is a relatively new bet for the company, which has completed and leased two data centres in Noida, with a third one under construction and already pre-leased. To propel growth, DLF will pump in ₹10,000 crore over the next two years to build offices and shopping malls. Sriram Khattar, vice-chairman and managing director (rental business), DLF, says the strategy is focused: to cater to the growing demand of global companies that want to come and set up their operations in India. 'Besides demand from global occupiers, there is domestic demand from Indian companies: IT-ITES firms, other corporates, and flexible space providers. The flexi providers also lease the space to international companies," said Khattar. 'India offers competitive advantages, both in terms of global quality real estate at a low cost and an English-speaking, tech savvy young population." Given the pace of development, rental revenue, which was at ₹5,000 crore last year, is likely to double in the next four-five years. DLF's upcoming projects are in Gurugram, Chennai and Noida. With a huge licensed land bank available for future expansion, the rental business is set to grow fast. 'Last year (2024) was a record year for commercial office leasing in the country. Large office developers such as DLF are looking to expand on the back of good demand from both global and domestic occupiers," said Ram Chandnani, managing director, advisory and transaction services, at property advisory CBRE India. The company's retail or shopping mall portfolio is also set to double to 8.2 million sq. ft This year, it will open three new properties—DLF Midtown Plaza in Delhi, Summit Plaza in Gurugram, and Promenade, which will be Goa's largest mall. It is also building a two million sq. ft 'Mall of India' in Gurugram. 'The pace of expansion will be quicker from hereon, aided by economic growth, higher disposable income and low organized retail penetration. After the experience we have gathered over the years, we now have a better understanding," said Pushpa Bector, senior executive director and business head at DLF Retail. Competition at home Despite a slight fall in housing sales last year, the top four developers—Godrej Properties, Prestige Estates, DLF and Lodha Developers—are collectively aiming to cross ₹1 trillion in housing sales in 2025-26, marking the strongest year yet for residential developers. DLF is possibly the only listed developer with a sizable residential and rental portfolio and is looking at large mixed-use developments combining both office and retail in a few cities. While Godrej Properties and Lodha largely focus on residential projects, Bengaluru's Prestige Estates is rebuilding its office and retail portfolio, after selling a bulk of its commercial assets to Blackstone a few years ago. Across its business verticals, DLF is also not keen on small-sized, random projects. It recently exited Kolkata, which it had entered two decades ago, selling an IT/ITes special economic zone and an office property. DLF's peers are, however, far more aggressive. Godrej Properties is expanding its pan-India presence further and has been on a land-buying spree. It also has a presence in Gurugram today. Prestige Estates and Mumbai's Oberoi Realty will also enter DLF's home turf going forward. But just as DLF faces challenges in other parts of the country, the invaders will find it hard to take on the leader in Gurugram. 'The difference between DLF and the other developers in Gurugram in size and scale is huge. There are many customers who invest only in DLF. It won their confidence because of its delivery, track record and return on investment," gushed Santhosh Kumar, vice-chairman, Anarock Property Consultants. 'Some DLF projects may have been delayed in the past for various reasons…but it eventually delivered. That's how it can command a premium in the residential as well as office segments," he added. As DLF chairman Rajiv Singh put it during the company's March analyst meet, 'In our industry, many people are aggressive, and far more optimistic. We were like that too. There is a certain stage of growth and evolution where you need to be like that. Luckily, we have crossed that point. We have got all the buffers already built up."
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).
Hindustan Times
18-06-2025
- Business
- Hindustan Times
DLF sells 1,164 luxury flats worth ₹11,000 crore within a week at Gurugram project Privana North
DLF has sold all 1,164 luxury apartments in its new residential project, Privana North, in Gurugram, achieving sales of approximately ₹11,000 crore within a week. The company attributed the strong response to robust housing demand. In a regulatory filing on June 18, DLF announced "sell out of its latest luxury offering, DLF Privana North, valued at approximately ₹11,000 crore, a historic milestone achieved within just one week." Located in Sectors 76 and 77 of Gurugram, Privana North is part of the 116-acre integrated township, DLF Privana. The project spans 17.7 acres and comprises six premium towers rising to stilt+50 storeys, DLF's tallest residential buildings to date. It offers 1,152 four-bedroom residences and 12 penthouses. The 4 BHK apartments measure a carpet area of around 207 square meters (2236 square feet) and penthouses extend up to around 450 square meters of carpet area (4847 square feet). Each apartment comes with three dedicated car parking slots, while penthouses offer four, the statement said. The project introduces a double-core layout, with two apartments in each core, offering enhanced privacy and efficient movement, the statement said. This milestone builds on the successful response to DLF Privana South and Privana West, further reinforcing DLF Privana's growing appeal as one of Gurugram's most anticipated upcoming residential communities, the company said in a statement. Privana North will be connected via the Southern Peripheral Road (SPR), NH-48, and Dwarka Expressway, ensuring seamless access to Delhi, Jaipur, Chandigarh, and Mumbai. It is located close to commercial hubs like DLF Corporate Greens, TCS, and American Express campus, as well as social and lifestyle destinations. 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.' 'Privana North marks a bold evolution of high-rise luxury living in India, combining global design expertise with DLF's hallmark quality and innovation. While elevating the scale and height, it remains true to the township's core values of low-density living and generous open spaces. With only around 65 residences per acre and an impressive open space ratio, Privana North strengthens its position as a premier residential destination,' he said. 'The strong sales response reflects a clear, latent demand for DLF offerings, driven by the success of our past projects. We saw interest from buyers across India and around the world. This success also speaks to the strength of the larger community we are building, continuing the legacy of DLF5 as a benchmark for luxury, master-planned living,' he said. Privana North provides uninterrupted views of the Aravalli range, a 500-metre-wide reserved green zone. The homes also feature lifestyle kitchens, larger living and dining areas, and foyers designed to enhance the entry experience. The master bedrooms in Privana North are almost 33% larger than previous offerings within the ecosystem, the company said. 'With the launch of Privana North, we are not simply unveiling another phase, we are propelling the DLF Privana ecosystem into its next transformative chapter,' said Aakash Ohri. 'Privana is our answer to the growing demand from discerning buyers, in India and abroad, who seek future-ready, thoughtfully designed communities. A homogeneous enclave of expansive 4 BHK residences and penthouses, DLF Privana is more than a residential development, it is a curated community of like-minded families. As Gurgaon evolves into its 2.0 era, Privana North stands as a defining project, a benchmark of uncompromised living in the city's next iconic address,' he said. 'It brings together robust infrastructure, seamless connectivity, and world-class urban planning, from traffic systems to green cover, from sustainability to security, to create a neighbourhood that anticipates not just the needs of today, but the demands of tomorrow. This is for citizens who want it all, and expect more, in a truly global city,' he said. Every tower features a well-appointed lobby with dedicated areas for cafés, lounges, mailboxes. Services such as dry cleaning, grocery, first-aid, and hobby corners spread across different towers, delivering a well-rounded, community-centric experience, it said. Vertical transport within the towers is facilitated by eight high-speed elevators and two service elevators per tower. Entry to the development is via a 24-metrewide access road that helps reduce noise and pollution by creating a buffer from the main sector road, it said. The planning and design of Privana North is by globally renowned firms including HB Design from Singapore for master planning, InSite International from Abu Dhabi for landscaping, Surbana Jurong from Singapore for traffic design, and Thornton Tomasetti from New York for structural engineering, with structural proofing by LERA, also based in New York.
Time of India
18-06-2025
- Business
- Time of India
DLF sells 1,164 luxury homes in Gurugram for Rs 11,000 cr on strong demand
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo 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." Live Events 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).
