DLF to Invest ₹21,300 Crore in Housing Projects Across Major Indian Cities
DLF to invest ₹21,300 crore to complete housing projects across cities
Business Standard
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DLF Ltd, India's largest real estate company, plans to invest ₹21,300 crore to complete residential projects primarily in Delhi-NCR, Mumbai, and Chandigarh. The investment comes as DLF aims to leverage ongoing demand, despite a slight decline in sales bookings for FY2025-26.
- 01DLF Ltd will invest ₹21,300 crore to complete ongoing housing projects.
- 02The investment targets residential developments in Delhi-NCR, Mumbai, and Chandigarh.
- 03DLF's profit for FY2025-26 rose to ₹4,414.68 crore, while sales bookings fell by 5%.
- 04The company has a significant pipeline with potential revenues of ₹35,000 crore from new projects.
- 05DLF has developed over 185 projects, with a total development potential of 280 million sq ft.
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DLF Ltd, the largest real estate firm in India, has announced an investment of ₹21,300 crore to complete its ongoing residential projects, primarily in the Delhi-NCR region, Mumbai, and the tri-city area of Chandigarh. This investment addresses the pending costs for all launched projects, which total ₹21,300 crore. The company reported that its receivables from property sales stand at ₹33,840 crore, resulting in net receivables of ₹12,540 crore after accounting for project costs. Despite this, DLF's sales bookings for FY2025-26 decreased by 5%, totaling ₹20,143 crore, compared to ₹21,223 crore in the previous year. However, the company's profit increased to ₹4,414.68 crore, up from ₹4,366.82 crore in the prior fiscal year. DLF remains optimistic about future demand and has a robust pipeline of projects, including the ultra-luxury 'The Dahlias' in Gurugram, which has a revenue potential of around ₹35,000 crore. The company has developed over 185 projects, covering more than 352 million sq ft, and has a total development potential of 280 million sq ft across residential and commercial segments.
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This investment will enhance housing availability and potentially create jobs in the construction sector, benefiting local economies in the targeted cities.
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