DLF to sell over 15,000-17,000 flats in the next three years: Report

DLF is reportedly expecting to sell over 15,000-17,000 flats in the next three years. The company’s sales are progressing after a successful Q1. The company sold 1.81 million square feet of space for Rs 2,430 crore in the first quarter of this fiscal against 2 million square feet sold for Rs 1,240 crore in the January-March period.

The company’s inventory is in the range of 10-12 million square feet. At the time of execution, the company had nearly 50-51 million square feet in progress with construction going on of 15 million square feet, which has definitely contracted over the last four-five years.