Latest news with #TheDahlias'
Time of India
21-05-2025
- Business
- Time of India
DLF sets sales bookings target at ₹20-22,000 crore for FY26: Managing director
NEW DELHI: Buoyed by record pre-sales in the last fiscal, India's largest realty firm DLF on Tuesday said it is targeting to sell housing properties worth Rs 20,000-22,000 crore during 2025-26, driven by robust demand for its luxury properties. On Monday, the DLF 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. In a conference call with analysts held on Tuesday, DLF's Managing Director Ashok Kumar Tyagi said, "Our pre-sales guidance for this fiscal is Rs 20,000-22,200 crore." He said the company would like to maintain the sales momentum achieved during the last financial year. Tyagi said the company would continue to focus on generating free cash flow and improve profit margins. To achieve this target, DLF has inventories in its existing projects which was launched during 2024-25 and also the company plans to launch more projects in the current financial year. DLF's subsidiary DLF Home Developers Joint Managing Director Aakash Ohri informed analysts that the company plans to soon launch housing projects in Gurugram and Mumbai. During 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. The company has already sold homes worth Rs 13,744 crore in this project last fiscal. DLF is India's largest real estate firm in terms of market capitalisation. Its net profit increased to Rs 4,366.82 crore during the 2024-25 fiscal year, 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 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 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).
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.
The Print
20-05-2025
- Business
- The Print
Cricketer Shikhar Dhawan buys flat in DLF's super luxury project for Rs 69cr
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. Real estate data analytic firm CRE Matrix has reviewed the registered agreement for sale dated February 4, 2025. New Delhi, May 20 (PTI) Cricketer Shikhar Dhawan has bought an apartment for Rs 69 crore in DLF's super luxury housing project in Gurugram, according to CRE Matrix. 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. PTI MJH MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
20-05-2025
- Business
- Hindustan Times
DLF sets sales bookings target at ₹20-22K cr for FY26: MD Ashok Tyagi
New Delhi, May 20 (PTI) Buoyed by record pre-sales in the last fiscal, India's largest realty firm DLF on May 20 said it is targeting to sell housing properties worth ₹20,000-22,000 crore during 2025-26, driven by robust demand for its luxury properties. On May 19, the DLF 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. In a conference call with analysts held on Tuesday, DLF's Managing Director Ashok Kumar Tyagi said, "Our pre-sales guidance for this fiscal is ₹20,000-22,200 crore." He said the company would like to maintain the sales momentum achieved during the last financial year. Tyagi said the company would continue to focus on generating free cash flow and improve profit margins. To achieve this target, DLF has inventories in its existing projects which was launched during 2024-25 and also the company plans to launch more projects in the current financial year. DLF's subsidiary DLF Home Developers Joint Managing Director Aakash Ohri informed analysts that the company plans to soon launch housing projects in Gurugram and Mumbai. During 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 ₹35,000 crore. The company has already sold homes worth ₹13,744 crore in this project last fiscal. DLF is India's largest real estate firm in terms of market capitalisation. Its net profit increased to ₹4,366.82 crore during the 2024-25 fiscal year, 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 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 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).
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Business Standard
20-05-2025
- Business
- Business Standard
Cricketer Shikhar Dhawan buys Rs 69 cr luxury flat in DLF Dahlias, Gurugram
In yet another addition to Gurgaon's luxury real estate landscape, Indian cricketer Shikhar Dhawan has purchased an opulent apartment in DLF The Dahlias, Sector 54, Gurgaon, for Rs 65.6 crore. The transaction, registered on February 4, 2025, includes a stamp duty of Rs 3.28 crore, according to property documents accessed by CBRE, a data-driven real estate firm. Property Specifications Carpet Area: Approx. 5,750–6,040 sq. ft. Parking: 5 dedicated parking slots (PB-18-026 to PB-18-030) Tower & Floor: Tower 1, 24th Floor Type: High-end luxury apartment with private elevators, elite finishes, and access to club amenities. Earlier this year, DLF achieved a record-breaking Rs 11,816 crore in sales within just nine weeks for its upcoming project, 'The Dahlias', located in Gurugram's prestigious DLF Phase 5. This involved the sale of 173 high-end apartments. 'The Dahlias' is poised to redefine opulent living with its expansive residences ranging from 10,000 to 12,000 square feet, and penthouses extending up to 19,000 square feet. Priced at approximately Rs 70 crore for bare-shell units and reaching up to Rs 150 crore for fully-furnished penthouses, the project has attracted a discerning clientele comprising entrepreneurs, CXOs, high-net-worth individuals (HNIs), and non-resident Indians (NRIs). Notably, two penthouses have been sold for Rs 150 crore each, underscoring the project's allure among the elite. The project's pricing strategy reflects its exclusivity, with rates at Rs 1.05 lakh per square foot on carpet area and Rs 64,000 per square foot on super area. This positions 'The Dahlias' among the most expensive residential offerings in North India, surpassing even DLF's previous luxury project, 'The Camellias', in both scale and price point. DLF's strategic approach to sales has yielded impressive results, with 41% of the 420 planned units already sold. The company has collected approximately Rs 1,200 crore in booking amounts, ranging from Rs 5 to Rs 10 crore per unit. The remaining units are expected to be released in phases, aligning with market demand and ensuring sustained interest in the project.
