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DLF Ltd has sold 221 super-luxury apartments worth about INR 16,000 crore in its premium residential project, 'The Dahlias,' located in Gurugram's DLF Phase 5. The project, launched last year, comprises 420 apartments and penthouses spread across 17 acres. The developer has already achieved sales bookings of INR 15,818 crore till the September quarter. A single buyer recently purchased four apartments for INR 380 crore. Despite a dip in quarterly profit, DLF remains confident of achieving its annual sales guidance, supported by this project and upcoming launches.
DLF Ltd, one of India's largest real estate developers, has sold 221 luxury units worth nearly INR 16,000 crore in its high-end residential project 'The Dahlias' in Gurugram. The project, located at DLF Phase 5, was launched last year and covers about 17 acres with a total of 420 apartments and penthouses. Advertisement
According to the company's latest investor presentation, DLF recorded sales bookings of INR 15,818 crore till the September quarter from this project alone, reflecting the strong demand for ultra-luxury homes in Gurugram. During a conference call with analysts, the management stated that 221 units have been sold so far, with an average price of around INR 72 crore per apartment.
Adding to the high-value sales, a businessman from Delhi-NCR recently purchased four apartments with a combined super area of 35,000 square feet for INR 380 crore, underlining the robust appetite for luxury real estate in the region.
'The Dahlias' follows the success of DLF's earlier project, 'The Camellias,' located in the same area. The company's performance in this segment has played a major role in achieving record sales bookings of INR 21,223 crore for the ongoing financial year.
Earlier, Managing Director Ashok Kumar Tyagi had projected annual sales bookings in the range of INR 20,000-22,000 crore. DLF has already reported sales bookings worth INR 15,757 crore for the April-September period, compared to INR 7,094 crore during the same period last year. Tyagi mentioned that with continued demand from 'The Dahlias' and the company's upcoming launch in Goa, DLF is confident of meeting its annual pre-sales target.
On the financial side, the company's consolidated net profit declined by 15% to INR 1,180.09 crore in the July-September quarter, compared to INR 1,381.22 crore in the same quarter last year. Revenue from operations stood at INR 1,643.04 crore, down from INR 1,975.02 crore a year ago. However, total income increased to INR 2,261.80 crore from INR 2,180.83 crore due to higher other income.
DLF highlighted that the housing market continues to benefit from steady economic conditions, growing homeownership aspirations, and rising preference for credible, branded developers. The company stated that it continues to leverage its extensive land bank by carefully planning new project launches to sustain growth momentum.
The developer has completed over 185 projects, covering more than 352 million square feet, and holds a development potential of 280 million square feet across residential and commercial spaces. DLF operates through two main business segments: the development and sale of residential properties, and the leasing of commercial and retail assets.
Source PTI
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