NEW DELHI: Realty main DLF plans to launch properties value almost Rs 80,000 crore over the following 3-4 years to faucet rising demand for housing and industrial tasks. DLF, the nation’s largest actual property agency when it comes to market cap, bought properties value Rs 15,000 crore throughout 2022-23 and is ready to surpass this quantity within the present fiscal going by sale bookings clocked within the first three quarters.
In accordance with an traders presentation, DLF is aiming to launch 10 million sq. toes of space within the subsequent monetary yr having income potential of Rs 32,000 crore.
It has additionally recognized one other 22 million sq. toes space with an estimated income of Rs 46,850 crore for 2024-25 fiscal and past.
A lot of the tasks to be launched on the market over the following 3-4 years could be residential and that too in luxurious and extremely luxurious segments.
Delhi-NCR, Mumbai, Goa, and Chennai could be the main focus space of the corporate.
Not too long ago, DLF Group Chief Monetary Officer (CFO) Vivek Anand advised analysts that the sustained demand momentum throughout all segments continues to be encouraging.
“Consequently, we’ve got recognized a contemporary pipeline of recent merchandise of roughly 32 million sq. toes with a gross sales potential of roughly Rs 79,000 crore, which is greater than double of what we’ve got delivered over the past 3 to 4 years and is according to our plans of scaling up the enterprise,” he stated.
Anand knowledgeable that the corporate expects to launch these tasks over the following 3-4 years.
“The important thing launch that we’re engaged on for the following 12 to fifteen months are merchandise in Gurugram, Chennai, Goa and the primary part of our Mumbai mission,” he stated.
DLF’s plan to scale up its residential enterprise comes towards the backdrop of sharp rise in demand after the second wave of the Covid pandemic in 2021.
Housing demand in main (first sale) markets of main cities has been very sturdy. The demand can also be getting consolidated in direction of these gamers who’ve an excellent monitor file of delivering tasks to clients.
Using on this surge in demand, DLF’s sale bookings doubled yearly to Rs 13,316 crore in the course of the first 9 months of this fiscal.
Throughout the April-December interval of the earlier fiscal, the corporate’s sale bookings stood at Rs 6,599 crore.
The corporate reported greater than three-time enhance in gross sales reserving to Rs 9,047 crore within the December quarter as towards Rs 2,507 crore within the year-ago interval.
That is the best quarterly gross sales reserving achieved by the corporate.
The file sale bookings within the third quarter had been primarily pushed by gross sales of 1,113 luxurious residences in Gurugram for Rs 7,200 crore inside three days of the pre-launch which occurred in late December.
On monetary efficiency, DLF reported a 27 per cent enhance in consolidated internet revenue to Rs 655.71 crore for the December quarter, boosted by increased revenue and decrease bills.
Its revenue stood at Rs 517.94 crore within the year-ago interval.
Whole consolidated revenue rose to Rs 1,643.51 crore within the third quarter of the present fiscal from Rs 1,559.66 crore in the identical interval a yr in the past.
DLF has round 215 million sq. toes of improvement potential throughout residential and industrial segments. The group has an annuity portfolio of over 42 million sq. toes.
In accordance with an traders presentation, DLF is aiming to launch 10 million sq. toes of space within the subsequent monetary yr having income potential of Rs 32,000 crore.
It has additionally recognized one other 22 million sq. toes space with an estimated income of Rs 46,850 crore for 2024-25 fiscal and past.
A lot of the tasks to be launched on the market over the following 3-4 years could be residential and that too in luxurious and extremely luxurious segments.
Delhi-NCR, Mumbai, Goa, and Chennai could be the main focus space of the corporate.
Not too long ago, DLF Group Chief Monetary Officer (CFO) Vivek Anand advised analysts that the sustained demand momentum throughout all segments continues to be encouraging.
“Consequently, we’ve got recognized a contemporary pipeline of recent merchandise of roughly 32 million sq. toes with a gross sales potential of roughly Rs 79,000 crore, which is greater than double of what we’ve got delivered over the past 3 to 4 years and is according to our plans of scaling up the enterprise,” he stated.
Anand knowledgeable that the corporate expects to launch these tasks over the following 3-4 years.
“The important thing launch that we’re engaged on for the following 12 to fifteen months are merchandise in Gurugram, Chennai, Goa and the primary part of our Mumbai mission,” he stated.
DLF’s plan to scale up its residential enterprise comes towards the backdrop of sharp rise in demand after the second wave of the Covid pandemic in 2021.
Housing demand in main (first sale) markets of main cities has been very sturdy. The demand can also be getting consolidated in direction of these gamers who’ve an excellent monitor file of delivering tasks to clients.
Using on this surge in demand, DLF’s sale bookings doubled yearly to Rs 13,316 crore in the course of the first 9 months of this fiscal.
Throughout the April-December interval of the earlier fiscal, the corporate’s sale bookings stood at Rs 6,599 crore.
The corporate reported greater than three-time enhance in gross sales reserving to Rs 9,047 crore within the December quarter as towards Rs 2,507 crore within the year-ago interval.
That is the best quarterly gross sales reserving achieved by the corporate.
The file sale bookings within the third quarter had been primarily pushed by gross sales of 1,113 luxurious residences in Gurugram for Rs 7,200 crore inside three days of the pre-launch which occurred in late December.
On monetary efficiency, DLF reported a 27 per cent enhance in consolidated internet revenue to Rs 655.71 crore for the December quarter, boosted by increased revenue and decrease bills.
Its revenue stood at Rs 517.94 crore within the year-ago interval.
Whole consolidated revenue rose to Rs 1,643.51 crore within the third quarter of the present fiscal from Rs 1,559.66 crore in the identical interval a yr in the past.
DLF has round 215 million sq. toes of improvement potential throughout residential and industrial segments. The group has an annuity portfolio of over 42 million sq. toes.
