DLF to launch projects worth Rs 1,500 cr by December

14 Nov 2011

Realty major DLF will launch projects which envisage an investment of up to Rs 1,500 crore by the end of this quarter with continued focus on sale of plots. DLF is going to launch 2.5 million sq ft of projects in Chandigarh having value of Rs 1,000 crore. By the end of December, it plans to launch projects with Rs 1,200-Rs 1,500 crore of value. The pace of new launches would increase in the second half of this fiscal with total planned launches of 7-8 million sq ft. The country's largest realty developer would offer 4-4.5 million sq ft of plots for sales in the remaining two quarters of this fiscal. The company plans to sell these plots in New Chandigarh, Gurgaon, Panchkula and Lucknow. Besides, DLF would launch 2.5-3 million sq ft of group housing projects in Gurgaon and Bangalore. The company has launched one group housing project in Bangalore in October comprising 0.7 million sq ft with Rs 200-Rs 225 crore of value. DLF is on track to deliver over 12 million sq ft [of spaces] spread across Gurgaon, Delhi, Chennai and Cochin. It has already delivered 2.1 million sq ft in first half of this fiscal. DLF's projects covering about 53 million sq ft were under construction at the end of the second quarter. It has total potential developable area of 359 million sq ft.

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