 "DLF")
On the back of an expected sales launch of the second phase of its Ultima project in New Gurugram in the last quarter of 2019-20, India’s leading real estate developer DLF has provided a sales guidance of Rs 2,700 crore this year.
Of these, Rs 1,000-1,200 crore is likely to come from its Phase 5 project, another Rs 800-1,000 crore from the rest of Gurugram projects, and another Rs 600 crore from its National Devco business, Ashok Tyagi, whole-time director and group chief financial officer at DLF, told analysts in a post-earnings call.
DLF has earmarked a capital expenditure of Rs 200
