Strong launch pipeline factored into realty major DLF's valuations

The rental income in DCCDL's commercial portfolio increased by 8 per cent YoY to Rs 1,100 crore with a 21 per cent rise in retail income

Real estate major, DLF, has reported its highest-ever presales of Rs 9,050 crore in Q3FY4, which was up 4 times over the year-ago quarter and well above its estimates.

This was driven by three new launches, which contributed Rs 8,600 crore to overall bookings. For 9MFY24, bookings stood at Rs 13,300 crore, which was twice year-on-year (Y-o-Y) and exceeded the full-year guidance of Rs 13,000 crore with three months to spare.

The first phase of DLF Privana, Gurugram, was sold out within 72 hours of launch with bookings of over Rs 7,200 crore. Other launches in Gurugram and Panchkula contributed