DLF Ltd has offered 221 super-luxury residences in its Gurugram undertaking, ‘The Dahlias’, raking in almost ₹16,000 crore on the again of sturdy demand. Launched in October 2022 throughout 17 acres in DLF Part 5, the undertaking affords 420 models, together with penthouses.
In a latest analyst name, the corporate confirmed that 221 models have been offered until the September quarter, averaging ₹72 crore per residence. Among the many notable patrons, a Delhi-NCR businessman bought 4 models protecting 35,000 sq ft for ₹380 crore.
Following the success of ‘The Camellias’, ‘The Dahlias’ has performed a key position in DLF’s record-breaking ₹21,223 crore in gross sales bookings for FY25. DLF has already clocked ₹15,757 crore in pre-sales within the April-September interval, greater than double the ₹7,094 crore from a 12 months earlier. With continued gross sales from ‘The Dahlias’ and a brand new launch in Goa, Managing Director Ashok Kumar Tyagi mentioned the corporate is assured of reaching its ₹20,000-22,000 crore steerage for the 12 months.
Regardless of a 15% decline in consolidated web revenue to ₹1,180 crore for Q2, gross sales bookings surged six-fold to ₹4,332 crore, led by the launch of ‘The Westpark’ in Mumbai and continued traction within the luxurious section. Income from operations fell to ₹1,643 crore, however complete earnings rose to ₹2,261 crore as a consequence of elevated different earnings.
DLF ended the quarter with a robust web money place of ₹7,717 crore, after a ₹1,485 crore dividend payout and ₹963 crore in debt repayments. The corporate cited optimistic momentum within the housing market, pushed by a resilient economic system and rising demand for branded builders.
In its rental enterprise, DLF’s JV with GIC, DCCDL, posted Q2 income of ₹1,822 crore and a 23% rise in revenue to ₹643 crore. Two new belongings — 2.1 million sq ft at Atrium Place, Gurugram, and 0.2 million sq ft at Midtown Plaza, Delhi — boosted its operational annuity portfolio to 49 million sq ft.
Backed by over 185 accomplished tasks and a growth footprint exceeding 352 million sq ft, DLF continues to give attention to increasing its residential and industrial presence, with 280 million sq ft of growth potential within the pipeline.
(With inputs from PTI)
