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Bloomberg Quint
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DLF To Invest Rs 5,500 Crore To Build New Luxury Housing In Gurugram
- DLF Ltd. is set to invest approximately Rs 5,500 crore in constructing a luxury housing project in Gurugram, as part of its strategy to achieve high sales bookings amidst increased demand.
- The upcoming 18-acre project 'DLF Privana North' in Sector 76/77 Gurugram will consist of over 1,150 apartments, with an estimated development cost of Rs 5,500 crore, forming part of the 116-acre township 'DLF Privana'.
- DLF had a successful run with its previous projects in the same township, selling out 'DLF Privana West' and 'DLF Privana South' for a combined sum of around Rs 12,800 crore.
- In the last fiscal year, DLF achieved record sales bookings of Rs 21,223 crore, marking a 44% increase from the previous year, and aims to sustain this performance by launching housing properties worth over Rs 17,000 crore this fiscal year.
- The company's MD, Ashok Tyagi, anticipates sales bookings in the range of Rs 20,000-22,000 crore for the current fiscal year, similar to the previous year's performance.
- DLF's net profit surged to Rs 4,366.82 crore in the 2024-25 fiscal from Rs 2,723.53 crore in the preceding year, with total income increasing to Rs 8,995.89 crore from Rs 6,958.34 crore.
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