Gurugram's ₹271 crore penthouse: Why the ₹2.6 lakh per sq ft price matters
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
DLF expects its retail portfolio to sustain healthy growth as premiumisation lifts footfalls, consumption rises 11-12 per cent and new mall projects support rental income
DLF's Q1 presales slumped due to no launches, but a ₹60,000-crore-plus project pipeline and strong cash position keep analysts positive on the stock
Among interest rate sensitives, Exide, Uno Minda, Bosch, Tata Motors CV, Ashok Leyland, Godrej Properties, DLF and Lodha Developers gained 3-5% in Wednesday's intra-day trade post RBI policy.
DLF's planned ₹2,000-crore senior living project in Gurugram reflects a broader shift as affluent Indians rethink where-and how-they want to spend their retirement
Developer says weak first-quarter bookings reflected deferred launches and expects projects in Gurugram, Mumbai and Goa to help achieve its FY27 sales target.
Realty major DLF Ltd on Tuesday exuded confidence that it will achieve sales bookings target of around Rs 20,000 crore this fiscal on strong launch pipeline and inventories in existing projects, even as the company's pre-sales plunged 94 per cent in the June quarter to Rs 657 crore. During 2025-26, DLF Ltd's sales bookings or pre-sales fell 5 per cent to Rs 20,143 crore from a record of Rs 21,223 crore in the preceding financial year. In May this year, the company had given an annual sales bookings guidance of Rs 20,000 crore for the current 2026-27 fiscal. At a webcast with a capital market analyst, DLF Ltd Managing Director Ashok Kumar Tyagi pointed out that the June quarter was weak in terms of pre-sales as the company did not launch any housing project. However, he said, "We are on track to hopefully meet our sales guidance." Tyagi said the company continues to focus on improving cash flows and embedded margins. He said the company is also looking at strategic land acquisitio
The company posted weak first-quarter results as the firm's consolidated revenue fell to Rs 1,605.56 crore, a decline of 46 per cent from the year-ago period.
Realty major reports a 4% rise in net profit despite a sharp fall in revenue, with deferred project launches weighing on sales bookings during the June quarter
Realty major DLF Ltd on Monday reported a 4 per cent increase in its consolidated net profit to Rs 793.90 crore for the quarter ended June despite a fall in total income. Its net profit stood at Rs 762.67 crore in the year-ago period. Total income declined to Rs 1605.56 crore in the first quarter of the 2026-27 fiscal from Rs 2,980.88 crore in the corresponding period of the preceding year, according to a regulatory filing. DLF is the country's largest real estate developer in terms of market capitalisation.
Q1FY27 company results: Firms including KEI Industries, Torrent Power, Ather Energy, JM Financial, Nazara Technologies, and INOX India are also to release their April-June earnings today
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
The Nifty Realty index recouped its two-day loss on Thursday led by strong gains in Brigade Enterprises, Phoenix Mills, DLF and Godrej Properties.
The BSE Realty index turned positive on an YTD basis in July, having gained over 43% from its calendar year low. Analysts flag a positive bias in the short-term, but caution over long-term; here's why
Nifty Realty index: MOFSL named Macrotech Developers (Lodha) as its preferred pick among large-cap players and also maintains a positive view on DLF and Godrej Properties
Developers have become selective in launching new projects: Analysts
MOFSL has Buy ratings on Lodha Developers, DLF, Godrej Properties, and AB Real Estate, while it has a Neutral rating on Oberoi Realty
Weekly market outlook by Ajit Mishra: The analyst from Religare Broking says Nifty remains in consolidate mode; among stocks he recommends buying DLF, L&T Finance and Paytm this week.
Market outlook: Nifty and Bank Nifty are likely to remain rangebound until a decisive breakout on either side, says Jatin Gedia, VP - Technical Research at Teji Mandi Investment Technologies.