DLF to launch projects worth ₹58,000 crore in 2-3 yrs in Delhi-NCR, Mumbai amid luxury housing demand
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓DLF will launch projects worth ₹58,000 crore in 2-3 years in Delhi-NCR and Mumbai.
- ✓The firm said it has a "healthy pipeline for the medium term." Strong demand for luxury homes from investors and end users pushed this move.
- ✓Recently, the company reported a 10 per cent growth in net profit.
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- MARKET
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- 3 Minute(s)
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- India Economy
Realty firm gears up for luxury launches in Mumbai and Gurugram amid strong demand from end users and investors
India's biggest realty firm DLF Ltd will launch housing properties worth ₹58,000 crore over the next 2-3 years to encash high demand for its luxury homes from end users and investors.
At the start of the 2024-25 fiscal, DLF had said that it would launch 37 million sq ft area over the next few years with an estimated revenue potential of ₹1,14,500 crore.
In its latest investor presentation, DLF Ltd said it has launched 14 million sq ft area in the last two and a half years with 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 said.
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