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Time of India
2 days ago
- Business
- Time of India
Major 26 listed realty firms sell ₹1.62 lakh crore properties in FY25
NEW DELHI: India's 26 major listed real estate firms sold properties valuing Rs 1.62 lakh crore last fiscal, with Godrej Properties becoming largest player clocking pre-sales of nearly Rs 30,000 crore. DLF Ltd, the biggest real estate firm in terms of market capitalisation, is at the second position with record sale bookings of over Rs 21,000 crore during 2024-25, followed by Macrotech Developers (Lodha Group), Prestige Estates Projects and Signature Global . According to the data compiled from investors presentations and regulatory filings, the 26 major listed real estate companies reported a combined sales bookings or pre-sales of Rs 1,61,722 crore in the last fiscal year, a more than 20 per cent increase from 2023-24. Bulk of pre-sales (sales bookings) came from residential segment especially luxury homes, with small contribution from commercial properties. In terms of annual sales bookings, Godrej Properties emerged as the largest listed player during last fiscal with pre-sales of Rs 29,444 crore. Its pre-sales stood at Rs 22,527 crore during 2023-24. DLF's sales bookings rose to Rs 21,223 crore from Rs 14,778 crore driven by strong sales in its ultra luxury housing project The Dahlias in Gurugram. Mumbai-based Macrotech Developers Ltd reported sale bookings of Rs 17,630 crore in FY25 as against Rs 14,520 crore in the preceding year. Bengaluru-based Prestige Estates Projects clocked sale bookings of Rs 17,023 crore last fiscal as against Rs 21,040 crore in 2023-24. Delhi-NCR based Signature Global achieved sales bookings of Rs 10,290 crore as against Rs 7,270 crore. There were many real estate firms which clocked annual sales between Rs 5,000 crore and Rs 10,000 crore. Mumbai-based Aditya Birla Real Estate sold properties worth Rs 8,087 crore last fiscal, a sharp jump from Rs 3,985 crore in the preceding year. Bengaluru-based Brigade Enterprises reported a sales bookings of Rs 7,847 crore as against Rs 6,013 crore. Sobha Ltd's pre-sales fell to Rs 6,277 crore from Rs 6,644 crore. Delhi-NCR-based Max Estates sold properties worth Rs 5,321 crore last fiscal as against Rs 1,844 crore in the preceding year. Mumbai-based Oberoi Realty sold properties worth Rs 5,281 crore in FY25. Puravankara Ltd sales bookings declined to Rs 5,006 crore from Rs 5,914 crore. In below Rs 5,000 crore annual pre-sales category, Delhi-based TARC Ltd sold properties worth Rs 3,722 crore as against Rs 1,612 crore in FY24. Mumbai-based Keystone Realtors (Rustomjee) sale bookings grew to Rs 3,028 crore from Rs 2,266 crore. Mahindra Lifespace Developers' pre-sales rose to Rs 2,804 crore from Rs 2,328 crore. Pune based Kolte-Patil Developers Ltd sales fell marginally to Rs 2,791 crore from Rs 2,822 crore. Sales bookings of Sunteck Realty went up to Rs 2,531 crore from Rs 1,915 crore. Raymond Ltd sold properties worth Rs 2,310 crore last fiscal as against Rs 2,249 crore in the preceding year. Bengaluru-based Shriram Properties sales bookings fell to Rs 2,288 crore from Rs 2,362 crore. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. There were many players that reported annual pre-sales below Rs 2,000 crore. Delhi-based Ashiana Housing Ltd reported sales bookings of Rs 1,936.75 crore during the last fiscal as against Rs 1,798.22 crore in the preceding year. Ahmedabad-based Arvind Smartspaces sold properties worth Rs 1,271 crore FY25 as against Rs 1,107 crore in the preceding year. Ajmera Realty & Infrastructure Ltd sales bookings grew to Rs 1,080 crore from Rs 1,017 crore. Arihant SuperstructuresLtd sales bookings stood at Rs 888.7 crore as against Rs 970.6 crore. Arkade Developers' sales bookings grew to Rs 773 crore from Rs 645 crore. Suraj Estate Developers sold properties worth Rs 501 crore in FY25 as against Rs 483 crore in the preceding year. Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of Rs 337.5 crore last fiscal as against Rs 388.7 crore in the 2023-24 financial year. Sale bookings data of many listed players was not available on the stock exchanges. Market experts attributed the strong performance of listed players to a gradual shift in consumers preference towards branded and reputed players which have better track record of executing real estate projects. With lakhs of homebuyers still stuck in stalled housing projects, the prospective customers do not want to take risk on their investments.
India Today
26-05-2025
- Business
- India Today
The billionaire blueprint: Inside DLF's ultra-luxury playbook
On a quiet morning, a Rolls-Royce pulls up to the entrance of The Camellias in Gurugram. Inside, a business tycoon with a net worth of crores is finalising the purchase of his third DLF property. Across the corridor, a celebrity is seen walking around his French to the new epicentre of ultra-luxury in India, where DLF isn't just selling apartments, it is curating a billionaire lifestyle and cashing in on the growing trend of 'living life king-size'.DLF Limited, one of India's largest listed real estate developer, is leading the way in the country's fast-growing luxury real estate company has seen strong growth in its financial performance in recent quarters, driven by demand for its premium homes among the country's apartments priced upwards of Rs 50 crore and even a Rs 190 crore penthouse sale, DLF is riding the real estate boom by targeting the top 1% and winning the March 2025 quarter, DLF reported net sales of Rs 2,235.87 crore, a jump of 138.8% from Rs 936.74 crore in the December 2024 rise shows how strong the interest has become in DLF's projects. The company's income from operations has also steadily increased over time, up from Rs 903.58 crore in Q2 FY24-25 to Rs 936.74 crore in Q3, before the major rise in the March quarter.A STRONGHOLD IN GURGAON DLF Camellias (Photo: Hardik Chhabra) DLF has found huge success in Gurgaon's Phase 5 area, where its ultra-luxury developments, The Aralias, The Magnolias and The Camellias, have become well-known names among India's Kumar, Vice Chairman of ANAROCK Group, said, 'DLF is famous for their luxury, high-end projects in key locations like Golf Course Road in Gurugram. Some of their luxury projects, like The Camellias, The Magnolias and The Dahlias, offer large, exclusive homes together with first-rate facilities. These properties have shown considerable capital appreciation and rental returns, which attracts ultra-high-net-worth customers who find their customisable 'bare shell' options particularly appealing.'DLF is not alone in this space. Other large players such as Godrej, Prestige, and Macrotech are also entering the luxury and ultra-luxury segment. But as of now, DLF seems to be riding a wave of favourable market conditions and strong post-pandemic financial SALES AND PREMIUM PRICESIn another sign of rising demand, DLF crossed its full-year FY25 booking target within the first nine months of the financial was largely due to the success of its newest project, The Dahlias, an ultra-luxury residential project in Gurgaon. All 173 units were sold at an average price of Rs 70 crore each, proving DLF's ability to command some of the highest rates in India's residential noteworthy to mention that one of the most talked-about deals took place in December 2024, when DLF sold a 16,290 sq ft penthouse at The Camellias for a record Rs 190 is believed to be the most expensive property sold in Delhi-NCR based on price per square foot. It highlighted the strong demand for unique, high-value assets among India's OF LUXURY HOME SALES IN INDIAThe demand for luxury and ultra-luxury homes has grown since the Covid-19 pandemic, with many high-net-worth individuals (HNIs) looking for spacious, comfortable and private homes that reflect their lifestyle and status. Some also see such properties as secure investments that are likely to grow in value over to a recent report by CBRE South Asia, luxury home sales (homes priced at Rs 4 crore and above) in India's top seven cities rose by nearly 28% in the January to March 2025 quarter compared to the same time last year. A total of 1,930 luxury units were sold in Q1 2025, up from 1,510 units the year led the way, accounting for about 49% of total sales, or around 950 Santhosh Kumar of ANAROCK said it's important to understand the market clearly.'We cannot call the increased interest for ultra luxury a 'shift', per se. This segment is a specialised market that caters to a small wealthy demographic and does not reflect wider housing demand in India. That said, there is indeed strong demand for ultra luxury offerings from both resident and non-resident HNIs who are constantly looking for trophy assets and secure investments.'WHY GOLF COURSE ROAD IS BECOMING 'BILLIONAIRE'S ROW' Gurgaon's Golf Course Road has turned into a top choice for ultra-rich homebuyers. It is now seen as North India's answer to New York's Billionaires' Row or London's Mayfair.'Gurgaon's Golf Course Road has a notable concentration of ultra-luxury residences with high-end amenities, and this makes it a prime location. Prices for ultra-luxury apartments and villas by branded players can sell at as much as Rs 80 crore and more. This sends unmistakeable signals to the market and attracts more affluent buyers,' said added that the area is attractive because it is close to key business hubs, top international schools, premium malls and offers excellent road and metro connectivity. There is also limited supply in the area, which adds to the exclusivity and keeps prices competition is rising. 'It caters to a very niche demographic and faces competition from upcoming luxury corridors such as Golf Course Extension Road,' Kumar BUSINESS TYCOONS LINE UP FOR DLF HOMESDLF properties continue to draw attention from top industry figures, entrepreneurs, and celebrities, all eager to own a slice of its luxury real to data from real estate analytics firm CRE Matrix, cricketer Shikhar Dhawan recently purchased an apartment worth around Rs 69 crore in DLF's new high-end residential project, The Dahlias, situated on Golf Course Road in reports suggest that several well-known names have invested in DLF's premium include MakeMyTrip founder and chairman Deep Kalra, Den Networks' Sameer Manchanda and his wife Kavita Manchanda, Lenskart's founder Peyush Bansal, and members of the Dhanuka family. Others such as Ashneer Grover, Aman Gupta, JC Chaudhry, Rishi Parti, and Puneet Bhatia have also been associated with DLF's ultra-luxury Singh Jaggi, promoter of Gensol Engineering Limited, has also been linked to DLF's luxury offerings. He is currently embroiled in a controversy involving DLF's The Camellias project. As per an interim order by Sebi, Jaggi has been accused of misusing company funds to buy a high-end apartment in the Gurugram-based THIS DEMAND CONTINUE?With strong economic growth and rising wealth in India, demand for luxury housing still looks strong. Last year saw record sales in this segment, with about 30% growth over the previous year.'As of now, the demand for ultra-luxury homes in India remains quite robust. India is witnessing a high growth in the numbers of its HNIs, as well as robust economic growth. The supply of relevant luxury offerings in prime residential locations is limited and prices are on a strong upward trajectory,' said he added a note of caution, 'India's luxury housing market is not yet close to saturation point, but we will have to watch future demand as it will be significantly influenced by macroeconomic dynamics.'DLF Ltd has announced plans to launch residential projects worth over Rs 17,000 crore in the current financial year, aiming to tap into the rising demand for luxury housing. advertisement
Mint
21-05-2025
- Business
- Mint
DLF's Q1 launches to set the tone for FY26 pre-sales trajectory
Realty company DLF Ltd is bracing for an action-packed June quarter (Q1FY26) after nil new launches in the March quarter (Q4FY25). DLF is confident of unveiling phase 3 of Privana North in Gurugram and phase 1 of Mumbai in Andheri, which faced a delay due to multiple approvals since it is a rehabilitation project. The super-luxury project in Goa is slated for launch in second half of FY26. All these projects are critical for DLF to meet or beat its FY26 pre-sales guidance of ₹20,000-22,000 crore. DLF exited FY25 with record pre-sales of ₹21,223 crore, up 44% year-on-year. Note that this jump was largely backed by healthy sales from uber-luxury project 'The Dahlias', launched in Q3FY25 in key Gurugram micro market. The project contributed a whopping ₹13,744 crore pre-sales in FY25, helping DLF exceed the FY25 pre-sales target. DLF has more inventory in this project, which aids realisations outlook, although sales from existing projects' inventory is not enough for an incremental pre-sales boost. DLF's pre-sales growth for FY26 is flat compared to other larger real estate firms. For instance, Macrotech Developers Ltd (Lodha) and Godrej Properties Ltd have guided for year-on-year pre-sales growth of 20% and 10% in FY26, respectively. So, a lot would depend on how DLF fares on the launch timeline and response to new projects. 'We currently factor in pre-sales of ₹22,800 crore in FY2026E that will likely be supported by new project launches (Privana, Mumbai and Goa)," said Kotak Institutional Equities report dated 20 May. DLF has a medium-term launch pipeline of ₹73,900 crore, out of which around ₹17,000 crore is planned for FY26. Also Read: DLF's second going: Can the real estate giant succeed beyond its comfort zone? Quality matters Meanwhile, the demand outlook in the National Capital Region (NCR), where DLF has a significant exposure, is robust. DLF is seeing strong housing demand for quality products, both for purchase and rental, particularly in Gurugram. Kotak's analysts note that even after launching 7.5 msf of projects in FY25 at The Dahlias and Privana West, DLF has another 20 msf (land) of development potential at the Phase V locality in Gurugram, which will likely allow the company to capitalize on the premium positioning of the Gurugram micro market. In this backdrop, DLF's business development is currently largely focused on NCR, Tri-City, Mumbai Metropolitan Region, and Goa, with limited new acquisitions expected in the near term. Even so, a comforting factor is that DLF's solid balance sheet provides ample scope for future expansion into new geographies. A steep jump in surplus cash flow generation pushed DLF's net cash position to ₹6,848 crore in FY25 from ₹1,547 crore in FY24. But stock revival depends on timely launches, mainly in the residential portfolio. In the last one year, the DLF stock has declined by 9% vis-à-vis the 6% fall in the Nifty Realty index. 'While we like DLF for robust margins/strong cash generation, we remain neutral, as our current valuation at around 20% premium to NAV prices in about 8% pre-sales CAGR over next 15 years which we believe is adequate (versus company guidance of flattish pre-sales growth in FY26)," said Nomura Global Markets Research report dated 20 May. On the commercial side, DLF's office portfolio posted an annual rental income of ₹4,754 crore, up around 10% year-on-year with occupancy of operational assets at 94%. The management said that Downtown 4 in Gurugram and Downtown 3 in Chennai have received occupancy certificates. Both are pre-leased, and fit-outs are going on, and rental income will start in three to four months. DLF eyes exit rental of ₹6,700 crore in FY26. Also Read: Realtors eye new addresses in tier-2 cities
India.com
21-05-2025
- Entertainment
- India.com
Shikhar Dhawan buys luxurious apartment in new DLF project, it is called..., it costs Rs...
Image credit: Instagram, X In these collection of pictures, we find out about the new luxury home bought by former India opener Shikhar Dhawan in Gurgaon. Image credit: Source: Instagram Former India opener Shikhar Dhawan has bought a luxury apartment for Rs 69 crore, according to media reports. The value of property is Rs 65 crore and he paid stamp duty of over Rs 3 crore. Image credit: X (Formerly Twitter) Shikhar Dhawan's new flat is in DLF project called Dahlias in Gurgaon. He has bought the 6,000 sq ft apartment at DLF's super-luxury project. Image credit: X (Formerly Twitter) The Dahlias - a complex of 400 flats in a 16.5 acre area with a 88% open/green area in Gurgaon. Eight 40+ storey towers with 4, 5 & 6 BHK three side open apartments. The clubhouse is gonna be a massive 300,000 sq ft. Image credit: Source: Instagram Shikhar Dhawan currently resides in his Delhi home which costs Rs 5 crore, according to media reports. Image credit: X (Formerly Twitter) Shikhar Dhawan used to own luxurious four-bedroom home in Australia. It was sold off by his ex-wife Aesha Mukherji for Australian $935,000. Dhawan is currently dating model Sophie Shine. Image credit: Source: Instagram Shikhar Dhawan has reported net worth of over Rs 125 crore, according to media reports.
Time of India
20-05-2025
- Business
- Time of India
Shikhar Dhawan buys flat in DLF's The Dahlias for ₹69 crore
NEW DELHI: Cricketer Shikhar Dhawan has bought an apartment for Rs 69 crore in DLF 's super luxury housing project in Gurugram , according to CRE Matrix . Real estate data analytic firm CRE Matrix has reviewed the registered agreement for sale dated February 4, 2025. Dhawan has bought a 6,040 square feet apartment in the DLF's latest super-luxury project ' The Dahlias ' on Golf Course Raod, Gurugram, the research firm said. The value of the property is Rs 65.61 crore and stamp duty is Rs 3.28 crore, taking the total consideration to nearly Rs 69 crore. In October last year, veteran India opener Dhawan announced his retirement from all forms of cricket. Dhawan made his international debut in 2010 in an ODI against Australia in Visakhapatnam and his last India game was also a 50-over match, against Bangladesh in 2022. In August last year, DLF launched a 17-acre housing project 'The Dahlias' at DLF Phase 5 in Gurugram, Haryana comprising 420 apartments and penthouses. This project is the second ultra-luxury offering from DLF after the successful delivery of 'The Camellias' at the same location. DLF is expecting a total revenue of Rs 35,000 crore from this project.
