WebinarsNew
Deep DiveNew
Explore Business Standard
Realty major DLF Ltd has sold a penthouse for Rs 271 crore at its upcoming luxury housing project in Gurugram, making it one of the costliest deals in terms of per square feet, according to sources. In October 2024, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF Phase 5 in Gurugram, comprising 420 apartments and penthouses. Sources said the company has sold a penthouse in this project to entrepreneur Manav Sardana, who was associated with Imperial Auto. The penthouse has a 17,200 sq ft super area and a 10,500 sq ft carpet area. On the super area basis, DLF has sold the penthouse at Rs 1.58 lakh per sq ft, while the selling price is nearly Rs 2.6 lakh per sq ft on carpet area, sources said. A DLF spokesperson declined to comment on the sale. DLF is expecting a total revenue of more than Rs 40,000 crore from this project. It has already sold more than 65 per cent of its units so far. The price of an apartment in this project ranges between Rs 100 crore
Realty major DLF Ltd on Tuesday exuded confidence that it will achieve sales bookings target of around Rs 20,000 crore this fiscal on strong launch pipeline and inventories in existing projects, even as the company's pre-sales plunged 94 per cent in the June quarter to Rs 657 crore. During 2025-26, DLF Ltd's sales bookings or pre-sales fell 5 per cent to Rs 20,143 crore from a record of Rs 21,223 crore in the preceding financial year. In May this year, the company had given an annual sales bookings guidance of Rs 20,000 crore for the current 2026-27 fiscal. At a webcast with a capital market analyst, DLF Ltd Managing Director Ashok Kumar Tyagi pointed out that the June quarter was weak in terms of pre-sales as the company did not launch any housing project. However, he said, "We are on track to hopefully meet our sales guidance." Tyagi said the company continues to focus on improving cash flows and embedded margins. He said the company is also looking at strategic land acquisitio
Realty major DLF Ltd on Monday reported a 4 per cent increase in its consolidated net profit to Rs 793.90 crore for the quarter ended June despite a fall in total income. Its net profit stood at Rs 762.67 crore in the year-ago period. Total income declined to Rs 1605.56 crore in the first quarter of the 2026-27 fiscal from Rs 2,980.88 crore in the corresponding period of the preceding year, according to a regulatory filing. DLF is the country's largest real estate developer in terms of market capitalisation.