DLF targets Rs 5000 crore revenue over next two years

10 Feb 2020 Evaluate

DLF is eyeing around Rs 5000 crore revenue over the next two years from sale of independent floors in Gurugram and Panchkula in Haryana. The company plans to construct 7 million sq ft area of independent floors on its existing plotted inventory. Company is upgrading its existing plotted inventory into finished independent floors monetisation of this inventory is expected to be at relatively faster pace. This will help in filling the gap from sales in premium segments.

The company plans to launch 3 million sq ft in DLF city, Gurugram and expects a sales value of around Rs 3000 crore by 2021-22 financial year. Another 2 million sq ft of independent floors would be offered in New Gurugram with expected revenue of Rs 1100 crore. In the current market scenario, the company expects better sales traction in independent floors.

DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.

DLF Share Price

898.30 17.55 (1.99%)
28-Mar-2024 16:01 View Price Chart
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Company Name CMP
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Macrotech Developers 1133.75
NBCC (India) 119.05
Prestige EstatesProj 1177.50
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