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 Chairman Rajiv Singh's remuneration rose 20 per cent to Rs 44.06 crore in the last fiscal amid better performance, according to its latest annual report. As per the list of remuneration paid/payable to directors/KMPs (key managerial personnel) during 2025-26, the DLF's Chairman and whole-time director has received Rs 44.06 crore remuneration for the last fiscal year against Rs 36.65 crore in 2024-25. Out of the total remuneration paid to the DLF Chairman, Rs 41.74 crore has been in the form of commission. DLF's Managing Director Ashok Kumar Tyagi has received Rs 15.30 crore as remuneration for 2025-26, up 8 per cent from Rs 14.16 crore in the preceding year. Out of this, Rs 5.45 crore is in commission form. The remuneration of DLF's MD Devinder Singh increased 24 per cent to Rs 17.52 crore last fiscal from Rs 14.16 crore in 2024-25. He received Rs 7.68 crore as commission. Tyagi and Devinder Singh became Managing Directors with effect from August 4, 2023. DL
India's biggest realty firm DLF Ltd has announced an additional investment of Rs 21,300 crore to complete its ongoing residential projects, mainly in Delhi-NCR, Mumbai and the tri-city Chandigarh. In its latest investor's presentation uploaded on the BSE on Wednesday, DLF said the "pending cost to complete for all launched projects" stands at Rs 21,300 crore. The company also disclosed that receivables from customers against the sale of properties stand at Rs 33,840 crore. The net receivables after meeting the pending cost to complete the launched project are Rs 12,540 crore. Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh, including an ultra-luxury project 'The Dahlias' at Gurugram, which has a revenue potential of around Rs 35,000 crore. On Wednesday, DLF the country's largest real estate company by market capitalisation announced its financial results and also operational performance for the last fiscal. Duri
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