February 22, 2024

DLF gross sales bookings soar 2-fold to Rs 13,316 crore in April-December

Realty main DLF Ltd’s gross sales bookings jumped two instances yearly to Rs 13,316 crore through the first 9 months of this fiscal, primarily on excessive demand for its luxurious housing properties in Gurugram.

In the course of the April-December interval of the earlier fiscal, the corporate’s gross sales bookings stood at Rs 6,599 crore.

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Within the 2022-23 fiscal, DLF’s gross sales bookings stood at a little bit over Rs 15,000 crore, and it’s prone to clock increased numbers within the present fiscal.

On Wednesday, the corporate reported a greater than three-time enhance in its gross sales reserving to Rs 9,047 crore within the December quarter as towards Rs 2,507 crore within the year-ago interval.   That is the very best quarterly gross sales reserving achieved by the corporate.

The document gross sales bookings within the third quarter have been primarily pushed by gross sales of 1,113 luxurious flats in Gurugram for Rs 7,200 crore inside three days of the pre-launch final month.

Within the third quarter of 2023-24, DLF launched three new tasks –two in Gurugram and one in Panchkula–totalling over 5 million sq. toes.

DLF stated it witnessed a wholesome demand, and each tasks in Gurugram have been utterly offered out inside document time.

“With this sturdy efficiency, the brand new gross sales bookings for the nine-month interval stood at Rs 13,316 crore and therefore will likely be comfortably exceeding our full-year steerage,” the corporate stated.

Story continues beneath Commercial

Story continues beneath Commercial

DLF has reported a 27 per cent enhance in consolidated internet revenue to Rs 655.71 crore within the December quarter, boosted by increased revenue and decrease bills.

Its revenue stood at Rs 517.94 crore within the year-ago interval.

Complete consolidated revenue rose to Rs 1,643.51 crore within the third quarter of the present fiscal from Rs 1,559.66 crore in the identical interval a 12 months in the past.

DLF’s complete bills declined to Rs 1,131.97 crore within the December quarter from Rs 1,151.62 crore within the year-ago interval.

DLF is India’s largest actual property firm by way of market capitalisation.

DLF Group has 215 million sq ft of growth potential throughout residential and industrial segments. The group has an annuity portfolio of over 42 million sq. toes.