According to Executive Director Aakash Ohri of real estate giant DLF, it anticipates making roughly Rs 400 crore from the sales of 92 opulent independent floors that it will build on corner plots in Gurugram.
The company is launching 92 standalone storeys on its several corner plots in Gurugram. These floors, which range in size from 2,400 square feet to 3,100 square feet, would be auctioned for between Rs 4-5.5 crore each.
“We are launching more independent floors in Gurugram as demand is huge for this premium product,” DLF Group Executive Director and Chief Business Officer Aakash Ohri said.
He said the company is expecting a sales revenue of Rs 400 crore from these 92 independent floors.
“We have launched and sold independent floors worth Rs 7,650 crore in Gurugram and Chandigarh tri-city (Chandigarh, Mohali and Panchkula),” Ohri said.
Recently, DLF Managing Director Ashok Kumar Tyagi said the company would launch two luxury housing projects in Gurugam worth Rs 15,000 crore during the second half of this financial year to expand its business amid strong demand for premium homes.
In February, the business sold three days’ worth of apartments in Gurugram’s new “The Arbour” development for Rs 8,000 crore.
During the 2022-23 financial year, DLF posted sales bookings of Rs 15,058 crore, a more than two-fold increase from Rs 7,273 crore in the previous year.
The company has set a target of Rs 13,000 crore during the 2023-24 financial year.
Recently, DLF reported a consolidated net profit rose by 12 per cent at Rs 527 crore in the first quarter of this fiscal. The company’s net profit stood at Rs 469.57 crore in the year-ago period.
From April through June of the 2023–24 fiscal year, total income increased slightly to Rs. 1,521.71 crore from Rs. 1,516.28 crore. DLF’s net debt decreased from Rs 721 crore at the conclusion of the 2022–23 fiscal year to Rs 57 crore as of June 30, 2023.
During the period under review, the company’s gross debt also fell to Rs 3,068 crore from Rs 3,840 crore.
On Monday shares of the company closed 2% up at Rs. 513.15 on NSE.
DLF is India’s largest realty firm in terms of market capitalisation. It has developed more than 158 real estate projects and an area of over 340 million square feet. The Group has 215 million square feet of development potential across residential and commercial segments. It has an annuity portfolio of over 42 million square feet.
