DLF has revised upwards its sales revenue potential by 17 percent to Rs 47,000 crore from 35 million square feet of planned new launches of housing and commercial projects in the medium term.
It is expecting Rs 17,500 crore sales revenue from its 8 million square feet luxury housing project being developed in joint venture with Singapore sovereign wealth fund GIC. It eyes another Rs 12,500 crore from 10 million square feet of premium luxury housing while Rs 5,000 crore from value homes in Gurugram, Chandigarh tri city and Chennai. It expects Rs 7,000 crore from its office joint venture project with Hines and Rs 2,500 crore an IT park in Noida. The remaining Rs 2,500 crore will come up from commercial projects in Delhi and Gurugram.
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.
