Explore Business Standard
DLF
Realty major DLF Ltd has so far sold 221 super-luxury flats for nearly Rs 16,000 crore in its ultra-luxury housing project 'The Dahlias' in Gurugram on strong demand. In October last year, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF Phase 5 in Gurugram, comprising 420 apartments and penthouses. According to its latest investor presentation, DLF Ltd has achieved sales bookings worth Rs 15,818 crore till the September quarter in this sought-after housing project. In a conference call with analysts, DLF management informed that 221 units have been sold in 'The Dahlias' project till the September quarter. The average price per apartment comes to around Rs 72 crore. Recently, a Delhi-NCR-based businessman has bought 4 apartments, totalling 35,000 sq ft of super area, for Rs 380 crore in this project. This super luxury project, which was launched after the success of 'The Camellias' at the same location, was instrumental in DLF Ltd's record sales bookings
Realty major DLF Ltd's sales bookings more than doubled to Rs 15,757 crore during the first six months of this fiscal year on high demand for its luxury housing projects in Gurugram and Mumbai. According to its latest investors presentation, DLF has reported sales bookings or pre-sales at Rs 15,757 crore during April-September period of this fiscal as against Rs 7,094 crore in the corresponding period of the preceding year. During the 2024-25 financial year, DLF Ltd achieved a record sales bookings of Rs 21,223 crore. The company has given a guidance of achieving sales bookings of Rs 20,000-22,000 crore during the current fiscal year. On Thursday, DLF reported a 15 per cent decline in consolidated net profit at Rs 1,180.09 crore for the second quarter of this fiscal year. Its net profit stood at Rs 1,381.22 crore in the year-ago period. Revenue from operations fell to Rs 1,643.04 crore during the July-September period of this fiscal year from Rs 1,975.02 crore a year ago. Total
Realty major DLF's rental arm DCCDL will utilise Rs 1,100 crore raised through issue of non-convertible debentures (NCDs) to retire costly debt and reduce interest expenses, a senior company official said. DLF Cyber City Developers Ltd (DCCDL), which is a joint venture between DLF and Singapore's sovereign wealth firm GIC, on Tuesday announced raising of Rs 1,100 crore through NCDs. DLF, in a regulatory filing, had said that the securities allotment committee of the Board of DCCDL has approved allotment of 1,10,000 NCDs for an aggregate principal amount of Rs 1,100 crore on a private placement basis to eligible investors. These NCDs have been issued at a coupon rate of 6.91 per cent per annum payable quarterly. When contacted, DLF's Vice Chairman and MD (Rental Business) Sriram Khattar told PTI, "We continuously review our treasury portfolio to lock in better interest costs. The current proceeds are being used primarily to reduce higher cost borrowing." DCCDL's net debt was Rs 17,
India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai. According to an investor's presentation, the "total pending cost" to complete all launched projects is estimated at Rs 23,500 crore. To meet its pending construction spend, DLF mentioned that the company has a cash balance of Rs 10,429 crore, of which Rs 7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority (RERA). That apart, the company has receivables of Rs 37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around Rs 750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters. Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-ci