DLF Realty

Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a weak bias down 1.5 cent lower so far in 2023.

The Commission in 2018 had found DLF in contravention of the Competition Act for abusing its dominant position and discriminatory practices

At the end of the second quarter (Q2), the company's revenue stood at Rs 1,360 crore and net debt at Rs 2,142 crore, said the company

Realty major DLF plans to launch new projects worth Rs 3,500 crore during the second half of this fiscal, mainly in Gurugram and Panchkula as it seeks to tap a rising demand. In an investors presentation, DLF informed that the company plans to launch residential projects across Gurugram and Panchkula by March 2023 after getting requisite approvals from authorities. The company plans to launch around 3 million square feet area across residential projects. That apart, DLF has completed inventories worth Rs 3,222 crore and properties worth Rs 5,622 crore in the under-construction projects that have been launched. "Product potential (near term) ~Rs 12,350 crore," DLF said in the presentation, after taking into account the inventories available for sales currently and projects to be launched in the second half of this fiscal year. On operational performance, DLF said its sales bookings rose 62 per cent year-on-year during the April-September period to Rs 4,092 crore from Rs 2,526 crore

Realty major DLF has sold all 292 luxury homes in Gurugram for over Rs 1,800 crore within few days of the launch of the project, signalling strong demand despite rise in interest rate on home loans and property prices. On September 26, DLF had launched its project 'The Grove' located at DLF phase-5 in Gurugram, Haryana. The company has advertised in leading newspapers that "'The Grove' is now sold out". According to sources, the project has been completely sold out in just eight days of the launch. The total sales revenue from this project is over Rs 1,800 crore. Housing sales across all segments -- affordable, mid-income, luxury and super luxury -- have revived significantly after the second wave of the COVID pandemic, which hit India during April-June 2021. "We have launched a new project which will be low-rise luxury development comprising 292 residences. The total developable area in this project is 8.5 lakh square feet," DLF Group Executive Director and Chief Business Officer

Realty major DLF will develop a new luxury housing project in Gurugram with an estimated sales realisation of about Rs 1,800 crore, its Group Executive Director Aakash Ohri said on Monday. DLF has launched its project 'The Grove', which is located at DLF phase-5. "We have launched a new project which will be low-rise luxury development comprising 292 residences. The total developable area in this project is 8.5 lakh square feet," Group Executive Director and Chief Business Officer of DLF Ltd, Ohri said. "We are expecting a sales revenue of Rs 1,700-1,800 crore from this project," he told reporters, but declined to share details of investment on the development of this new project. In the last 20 months, Ohri highlighted that the company has successfully launched and sold independent floor worth Rs 3,000 crore. "The independent floors market was earlier catered by unorganised players. But there was always demand for good product from good developers," he said. Ohri noted that ...

Some offering discounts up to 75%, keeping up with the 75th Independence Day theme

It asserted that the completed inventory and receivables from customers against sold units would be sufficient to discharge all current liabilities

REIT listing and valuations are triggers, but rising interest rates is a concern: Analysts.

Realty major DLF on Tuesday reported a 16 per cent decline in its consolidated net profit to Rs 405.33 crore for the quarter ended in March. Its net profit stood at Rs 480.94 crore in the year-ago period, the company said in a regulatory filing. Total income declined to Rs 1,652.13 crore during the fourth quarter of the last fiscal from Rs 1,906.59 crore in the corresponding period of the previous year. Net profit rose to Rs 1,500.86 crore during the last financial year from Rs 1,093.61 crore in the 2020-21 fiscal year. Total income rose to Rs 6,137.85 crore in 2021-22 from Rs 5,944.89 crore in the previous year.

Realtor lines up plotted development in OMR, premium high-rise in Central Chennai and another project in Sriperumbudur

Company says it clocked record new sales in the quarter amounting to Rs 2,018 crore, reflecting a YoY growth of 97 per cent

Realty major DLF Ltd said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments.

DLF Ltd has reduced its net debt on improved cash flows

Demand expected to pick up; deleveraging, consolidation are key triggers

At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end

The group, through its subsidiary DLF Cyber City Developers (DCCDL), purchased 51.8 per cent stake in the firm that operates Gurgaon's upmarket commercial complex One Horizon Center

Hines had nearly 52 per cent stake in the One Horizon Centre while the rest was with the DCCDL

Indiabulls Real Estate said the affordability of real estate is at a multi-year high with declining interest rates

The company has plans to launch multiple projects over the next few years