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Realty major DLF Ltd is yet to recognise over Rs 55,000 crore revenue in its financial accounts from the total sales bookings done till December quarter of this fiscal. In its latest investors presentation, DLF Ltd said that the company has sold properties, primarily housing worth Rs 79,885 crore across its existing projects. Till December quarter of this fiscal, the company has recognised revenue of Rs 24,460 crore. The balance revenue to be recognised from sales booked stood at Rs 55,425 crore, the presentation said. DLF is developing residential projects mainly in Delhi-NCR, Mumbai, Tri-city (Chandigarh). In the real estate sector, the developers take advances from customers against sales booked. The revenue gets recognised after the completion of construction of projects or on the basis of percentage of completion method. DLF, the country's largest realty firm in terms of market capitalisation, reported a 16 per cent decline in sales bookings to Rs 16,176 crore in the first
Realty major DLF and GIC joint venture DCCDL's rental income rose 18 per cent to Rs 1,412 crore in the December quarter amid strong demand for premium office and retail spaces. DLF Cyber City Developers Ltd (DCCDL) rental income stood at Rs 1,193 crore in the year-ago period, according to DLF's latest investors presentation. DLF holds nearly 67 per cent stake in DCCDL while Singapore's sovereign wealth fund GIC has the remaining equity shareholding. At present, DCCDL has a total operational portfolio of 44.3 million square feet area, comprising prime office and retail spaces. Around 4 million square feet is retail area and the rest is office spaces. On financial performance front, DCCDL's net profit before exceptional item rose 40 per cent to Rs 717 crore during the third quarter of this fiscal from Rs 514 crore in the year-ago period. Total revenue grew 17 per cent to Rs 1,878 crore from Rs 1,605 crore. Its net debt stood at Rs 16,976 crore at the end of the latest December ...
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