Shares of this infrastructure stock surged over 3 percent on plans to launch India’s Costliest Project in Gurugram, which is expected to generate revenue of Rs.34,000 crore.
Share Price Variation
In Tuesday’s trading session, DLF Limited’s share price surged 3.13 percent to Rs.878.70 per share, rising from its previous close of Rs.851.95. Over the past five year, the stock has delivered returns exceeding 500 percent.
What happened
DLF Ltd is set to launch its most-expensive residential project in India, The Dahlias, located on Golf Course Road in Gurugram near its luxury venture, The Camellias. Spanning 17 acres, it will feature 400 residences priced from Rs.80,000 per square foot, with a revenue potential of around Rs.34,000 crore, 2.5 times that of The Camellias.
Apartments will range from 9,500 to 16,000 square feet, with an average ticket size of Rs.100 crore, and the project will include a two million square feet clubhouse.
“DLF has been the torch-bearer in defining super luxury living in India by prioritising on customer-centric world class services, amenities and ultra-large sizes of apartments. With the launch of this much-anticipated project, it is all set to usher new standards for luxury living in India by providing state-of-the-art amenities for its residents,” said Samir Jasuja, founder and Chief Executive Officer (CEO) of PropEquity.
Projects
DLF has identified a pipeline of 60 new product launches, with 24 already launched and 36 in the pipeline. The company has expanded its launch area to about 12.8 million square feet, boosting its sales potential to Rs 42,000 crore.
DLF is focusing on a diverse product mix across segments, including super luxury projects in Gurugram, Goa, Mumbai, and New Gurugram; premium offerings in Chandigarh Tri-City; and commercial developments in Gurugram. Strong demand in these markets is expected to enhance cash flows and profitability.
Financial Overview
In its latest financial update, the company reported net profits of Rs.645 crore for Q1 FY25, reflecting a 23 percent increase from Rs.526 crore in Q1 FY24. However, revenue from operations declined 4.3 percent to Rs.1,362 crore from Rs.1,423 crore in the same period.
About the company
DLF Ltd is India’s largest publicly listed real estate company, specialising in residential, commercial, and retail properties across various states and cities. The company is
headquartered in Gurugram and engages in all aspects of real estate development, including land acquisition, project planning, construction, and marketing.
Written by – Siddesh S Raskar
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