DLF bets big on luxury housing, plans projects worth ₹58,000 crore in Delhi-NCR, Mumbai over 2-3 years
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓DLF plans luxury housing projects worth ₹58,000 crore in Delhi-NCR and Mumbai over the next two to three years.
- ✓The firm said it is expanding its presence as demand from homebuyers stays strong.
- ✓DLF also reported a 10% increase in net profit to ₹1,301.35 crore for the second quarter.
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Real estate major DLF Ltd said it expects to launch luxury housing projects in Delhi-NCR and Mumbai over the next two to three years, with a combined revenue potential of ₹58,000 crore, news agency PTI reported.
The real estate firm said it is expanding its presence in metropolitan cities amid strong demand from homebuyers and investors.
The company also said it has launched projects covering 14 million sq ft over the past two and a half years, with a revenue potential of more than ₹56,000 crore.
"50 per cent launched in the first 2.5 years...healthy pipeline for the medium term ( ₹58,000 crore)," DLF was quoted as saying by PTI.
DLF Home Developers Ltd MD and Chief Business Officer Aakash Ohri said the company's ultra-luxury projects in Mumbai and Gurugram are expected to be launched in the second half of the current financial year.
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