Page 6 - Dlf

DLF aims Rs 23,000 cr from sale of ultra-luxury homes in Gurugram's Dahlias

Buoyed by strong sales of 173 homes for Rs 11,816 crore in its ultra-luxury project in Gurugram, realty major DLF is now targeting at least Rs 23,000 crore revenue from the remaining 247 units in its new offering 'The Dahlias'. 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. This new project is the second ultra-luxury offering from DLF after the successful delivery of 'The Camellias' at the same location. The minimum size of an apartment is 10,300 square feet. According to investors' presentation, DLF has sold 173 units having 18.5 lakh square feet area, for Rs 11,816 crore. The average realisation was around Rs 70 crore per residence. The average per square feet rate is around Rs 64,000 for saleable area and Rs 1,05,000 for carpet area. "Balance area to be sold 2.7 million (27 lakh) square feet. Currently valued at around Rs 23,000 crore," DLF said in the presentatio

DLF shares gain 5% despite posting mixed Q3; profit up 63% YoY; rev flat

On a sequential basis, the Gurugram-based realtor's net profit fell by 23 per cent and revenue by 22 per cent from Rs 1,381.2 crore and Rs 1,975 crore recorded in Q2FY25, respectively

DLF sells 173 ultra luxury apartments for Rs 11,816 cr in Gurugram

Real estate major DLF has sold 173 apartments for Rs 11,816 crore in its ultra luxury residential project 'The Dahlias' in Gurugram, on strong demand from the super-rich. In October last year, DLF launched a 17-acre housing project 'The Dahlias' at DLF Phase 5 in Gurugram, Haryana comprising 420 apartments and penthouses. This project is the second ultra luxury offering from DLF after the successful delivery of 'The Camellias' at same location. The minimum size of an apartment is 10,300 square feet. According to an investors' presentation, DLF has sold 173 units having 18.5 lakh square feet area, for Rs 11,816 crore. Average realization was around Rs 70 crore per residence. The average per square feet rate is around Rs 64,000 on saleable area and Rs 1,05,000 on carpet area. On bumper sales in this project, DLF Group MD Ashok Tyagi said there has been a "very strong underlying demand" for this exclusive offering. DLF's subsidiary DLF Home Developers Joint Managing Director Aakash

DLF Q3 net profit rises 61% to Rs 1,059 cr, revenue jumps to Rs 1,737 cr

Its net profit stood at Rs 655.71 crore in the year-ago period

Q3 results Jan 24: DLF, Indigo, JSW Steel among 81 to post earnings today

Q3FY25 company results, January 24: Godrej Consumer Products, Bank of India, and AU Small Finance Bank will release results for the Oct-Dec quarter today

DLF firm Sidhant Real Estate buys bungalow in Lutyen's Delhi for Rs 150 cr

The firm acquired the bungalow from Rangoli Resorts

Sale of luxury homes, priced Rs 4 cr and above, rises 53% in 2024: CBRE

Luxury homes, each costing Rs 4 crore and above, were in much demand last year with sales rising 53 per cent to 19,700 units across seven major cities, according to CBRE. In the 2023 calendar year, the sales of housing units, each priced Rs 4 crore and above, stood at 12,895 units. Sales of luxury homes in this price category were maximum in Delhi-NCR at 10,500 units during 2024 as compared to 5,525 units in the preceding year. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "The residential real estate market is driven by strong fundamentals underpinned by robust end-user demand. We expect this momentum to continue, with both sales and new housing unit launches to remain steady in the coming quarters." Furthermore, Magazine noted that many cities traditionally associated with mid-end developments, such as Noida, Bengaluru, Pune, and Chennai, are increasingly witnessing a shift towards high-end projects. Commenting on the report, ..

Nifty Realty records sharpest intraday fall in 7 months; tanks 6% today

Shares of Phoenix, Macrotech Developers, Sobha, Brigade, Raymond, DLF, Oberoi Realty, Prestige Estates Projects and Godrej Properties were down in the range of 4 per cent to 9 per cent

Musk's Tesla restarts search for showroom space in New Delhi with DLF

It was not immediately clear whether Tesla will consider importing cars at the tax rate of as high as 100 per cent or if it will make investment commitments under India's new policy

Stocks to Watch, Dec 4: Swiggy, Adani Group shares, Vedanta, GMR Airports

Stocks to Watch, Dec 4: From Adani Group to Swiggy, here is a list of stocks that will be in spotlight today

UBS initiates coverage on DLF, Oberoi & Prestige, says sector in sweet spot

UBS has set a target price of Rs 1,005 for DLF; Rs 2,175 for Prestige Estates; and Rs 2,230 for Oberoi Realty

Lodha, TVS Motor: 5 rate sensitive shares to bet on ahead of RBI policy

Technical charts suggest that stocks like TVS Motor, Lodha, DLF, Jio Financial Services and Federal Bank can potentially rally up to 19 per cent from present levels.

Nifty Realty gains 2%; Godrej Properties, Oberoi Realty rise up to 4%

Among others, Godrej Properties and Macrotech Developers (Lodha) gained over 3 per cent. DLF and Phoenix Mills advanced over 2 per cent

DLF joint venture firm DCCDL sells IT park in Kolkata for Rs 637 crore

Realty major DLF joint venture firm DCCDL has sold an IT park in Kolkata to Primarc and RDB group for Rs 637 crore. DLF Info City Developers (Kolkata) Ltd, a wholly owned subsidiary of DLF Cyber City Developers Ltd (DCCDL), has entered into a definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP (an affiliate of Primarc & RDB group), on a slump sale basis for an aggregate consideration of about Rs 637 crore, DLF said in a regulatory filing. Kolkata Tech Park 1 is one of the largest IT parks in eastern India with gross leasable area of about 1.49 million sq ft. It is home to global technology leaders. "This is reflective of the value embedded in our core assets created over the years with good quality tenant partners and asset management," DLF Rental Business Vice-Chairman & MD Sriram Khattar said. The deal also "demonstrates our commitment to continuously enhance shareholder value". Primarc Group Managing Director

When DLF's K P Singh fulfilled Rajiv Gandhi's wish of bringing GE to India

When Rajiv Gandhi was the prime minister, he was determined to bring General Electric into India and his wish was fulfilled by DLF's K P Singh, who helped catalyse the American giant's presence in this country, says a new book. Singh talks about his journey through India's transforming landscapes and his indelible contributions to the industry in "Why the Heck Not", published by Penguin Random House India. Co-authored with Aparna Jain, Singh also writes about the bold risks and visionary decisions that shaped his career, as well as the challenges he overcame. Delving into the GE story, the book says in the mid to late '80s, Gandhi revered GE chairman and CEO Jack Welch as a business icon. Determined to bring him to India, he dispatched the Indian envoy in Washington, Ambassador P K Kaul, to extend a formal invitation, it says. "At the time, India was not globally known for business prospects and was not a priority on the lists of investors and entrepreneurs. Jack refused Kaul, blu

I chose DLF over Disneyland dream, says KP Singh at his book launch

Meanwhile, in the book, Singh, who says circumstances forced him to enter his father-in-law's real estate business after his army and horse breeding days

PM should set up high-powered panel on urban infra development: KP Singh

Real estate doyen K P Singh has urged Prime Minister Narendra Modi to set up a high-powered cabinet rank committee to prepare a blueprint for the development of urban infrastructure in all major cities that can support USD 5 trillion economy. The urban master planning should not be for a short-term but for 100 years, the 95-year-old Singh said in an interview with PTI on the occasion of the launch of his second book 'Why the Heck Not?'. His autobiography 'Whatever the Odds' was released by Jack Welch, the former Chairman and CEO of GE, in November 2011. Singh, the Chairman Emeritus of realty major DLF, described the current state of urban infrastructure as "horribly wrong" and said there was a need for "drastic steps" as India is growing and soon going to become the third largest economy in the world. Referring to traffic mess in cities including IT city Gurugram which he built and high pollution level, Singh said these are large issues and "it needs attention in my view of the ...

DLF to invest Rs 8,000 crore to build super-luxury project in Gurugram

Realty major DLF will invest around Rs 8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to encash strong demand for premium homes. Last month, DLF did a pre-launch of its 17-acre super-luxury housing project 'The Dahlias' at DLF 5, Gurugram, after obtaining all regulatory approvals and has received a good response from customers. The company will develop around 420 apartments in this project, which is the second ultra-luxury offering from DLF after the successful delivery of 'The Camellias'. According to sources, DLF will invest around Rs 8,000 crore over the next 4-5 years on the construction of this new project, comprising nearly 50 lakh square feet of area. In a conference call with analysts held recently, DLF's Managing Director Ashok Tyagi informed that the company is expecting Rs 26,000 crore in revenue from this new super-luxury project in Gurugram based on the current pre-launch price. "In RERA, what we have filed now is the revenue of Rs 26,0

DLF expects Rs 26,000 cr from super luxury project in Gurugram, says MD

Realty major DLF is expecting Rs 26,000 crore in revenue from its new super-luxury project in Gurugram at the current selling price, and the sales numbers may rise further due to high demand, its MD Ashok Tyagi said on Saturday. DLF has done a pre-launch of its 17-acre super-luxury housing project The Dahlias at DLF 5, Gurugram, and has received a good response from the customers. It received RERA approval at the beginning of this month to launch this project. The company will develop around 420 ultra-luxury apartments in this project. The minimum size of an apartment is 10,300 square feet. In a conference call with market analysts, DLF MD Tyagi informed that the company expects a revenue of Rs 26,000 crore from this super luxury project. "In RERA, what we have filed now, is the revenue of Rs 26,000 crore based on the pre-launch price. These numbers will obviously keep on going upwards as prices keep on moving," Tyagi said while replying to a query regarding the revenue potential o

DLF's sales bookings rise 66% to Rs 7,094 cr in Apr-Sept despite weak Q2

Realty major DLF's sales bookings increased 66 per cent to Rs 7,094 crore in the first half of this fiscal on strong housing demand. Its sales bookings stood at Rs 4,268 crore in the year-ago period. The company has been able to achieve growth in sales bookings during the April-September period of this fiscal because of the robust performance in the first quarter. DLF's sales bookings jumped over three-fold to around Rs 6,400 crore during the first quarter of this fiscal from Rs 2,040 crore in the year-ago period. However, in the second quarter of 2024-25, the sales bookings fell 69 per cent to Rs 692 crore from Rs 2,228 crore a year ago. In an investor presentation, DLF pointed out that there has been a "moderation in sales on account of delay in receiving requisite approvals for new product launches". In the current quarter, the company has received approval for its super-luxury housing project 'The Dahlias' at DLF 5, Gurugram. "We remain on track to meet our guidance for the