DLF To Invest Rs 8,000 Crore In Ultra Luxury Housing Project In Gurugram

DLF Limited is a commercial real estate development company based in India. It was founded in 1946 by Chaudhary Raghvendra Singh and has its headquarters in New Delhi, India. DLF has developed more than 178 real estate projects and more than 349 million square feet of space. It offers 220 million square feet of space for both commercial and residential development. The group generates about Rs 5000 crore in rental income annually from its annuity portfolio, which spans more than 44 million square feet.

DLF will invest Rs. 8,000 crore

Real estate giant DLF plans to invest about Rs 8,000 crore to build an ultra-luxury housing complex in Gurugram in an effort to meet the high demand for luxury residences. After receiving all necessary regulatory approvals, DLF held a pre-launch of its 17-acre super-luxury housing project, “The Dahlias,” at DLF 5, Gurugram, last month. 

Ashok Tyagi, MD of DLF, stated

Ashok Tyagi, the managing director of DLF, stated that, based on the current pre-launch price, the company anticipates earning Rs 26,000 crore from this new super-luxury project in Gurugram. Based on the pre-launch price, we have currently submitted a revenue report for RERA totalling Rs 26,000 crore. In response to a question about the project’s potential for revenue, Tyagi stated, “These numbers will keep on going upward, as prices keep on moving.” Apartments have to be at least 10,300 square feet.

Tyagi went into further detail about the super-luxury project, stating that the cost of building it will be extremely high, at about Rs 18,000 per square foot, due to the cost of infrastructure, an artificial lake, and a club that is 4 lakh square feet in size. At the moment, the selling price per square foot of carpet area is approximately Rs 1 lakh.

DLF Finance 

DLF recently revealed that thanks to higher revenue, its consolidated net profit more than doubled to Rs 1,381.08 crore in the second quarter of this fiscal year. In the previous year, its net profit was Rs 622.78 crore. Compared to the July-September quarter of the 2024–25 fiscal year, when total income was Rs 1,476.42 crore, it increased by 48% to Rs 2,180.83 crore.

The company’s net profit for the first half of this fiscal year jumped significantly from Rs 1,149.78 crore to Rs 2,026.69 crore. During the April–September 2024 quarter, total revenue increased from Rs 2,998.13 crore to Rs 3,910.65 crore.

Today, DLF stock is down nearly 4%

The current intraday trading price of DLF stock is Rs. 792.60 per share, which represents a nearly 4% decrease.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.