In the current week, the stock of DLF broke out from the crucial resistance of 350 and saw added significant gains after that
DLF, Godrej Properties and Oberoi Realty have rallied between 30 per cent and 41 per cent in the past four trading days
The Nifty Realty Index can soar up to 15% on hopes of a strong demand for housing this festive season
Godrej and Prestige posted sales bookings of Rs 6,725 crore and Rs 5,461 crore, respectively, in 2020-21 (FY21)
DLF's tryst with the MMR market is not completely new. It has had smaller joint ventures and land ownership projects in the region earlier
Increasing demand for luxe housing, accommodative state policies and decadal-low home loan rates could be some of the triggers
While residential portfolio is strong, commercial assets may take time to recover
Realty major DLF Ltd's sales bookings jumped nearly 7-fold year-on-year to Rs 1,014 crore during the April-June quarter of this fiscal, on strong demand for its independent floors and luxury homes in Gurugram. The company's sales booking stood at Rs 152 crore in the April-June quarter of the 2020-21 fiscal year because of the nationwide lockdown to control the COVID pandemic. In its investors presentation, DLF said it sustained sales momentum during the June quarter despite the resurgence of COVID infections. Out of the total sales bookings in Q1 of FY22, DLF said the launches of new projects contributed Rs 542 crore. "Encouraging response for independent floors across DLF City/New Gurgaon vindicates product demand & acceptability," the presentation said. DLF's CEO Ashok Tyagi had given a sales bookings guidance of Rs 1,000 crore per quarter and over Rs 4,000 crore in the entire 2021-22 fiscal year. On borrowings, DLF said its net debt reduced by Rs 141 crore during the June ...
At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end
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DLF is the country's largest real estate firm in terms of market capitalisation.
Realty major DLF Ltd has sold 551 luxury independent floors in Gurugram since October last year for over Rs 1,200 crore and is planning to launch more such residential units
Top property developers such as Godrej Properties and the rental arm of DLF reduced their borrowing costs in FY21 by 110 bps and 145 bps, respectively
Residential segment sales and outlook however remains robust
Realty major DLF aims a 30 per cent jump in its sales bookings to Rs 4,000 crore this fiscal, as the company expects a rise in housing demand despite the Covid-19 pandemic
This comes as the firm saw better demand for completed and new inventories despite the pandemic.
Firm posts full-year profit of Rs 1,097 cr in FY21 compared with a Rs 597 cr loss the previous year
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DLF had posted a net loss of Rs 1,857.76 crore in the year-ago period.
In relief to Rashtriya Janata Dal (RJD) founder Lalu Prasad, the Central Bureau of Investigation (CBI) has given him a clean chit in connection with a bribery case involving DLF.