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DLF is set to expand its business in Mumbai and Goa

17 / 06 / 2024 | Author: Raheja Associates

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DLF, a major player in the real estate industry, is all set to expand its territory, by entering the Mumbai and Goa markets. The Chairman of DLF, Mr. Rajiv Singh has announced that the company is excited about this expansion because of the positive response the company has been getting lately.

In a message to shareholders included in the company's annual report, Singh emphasized DLF’s commitment to strengthening its operations and upholding the values established by its founders. He mentioned that the company is doing very well in both its residential and commercial projects.

DLF has witnessed a growth in its residential sector. For the fiscal year 2022-23, DLF reported a record sales figure of ₹15,058 crore, and ₹14,778 crore in 2023-24. However, Now the company has set a target of ₹17,000 crore in sales bookings for the current fiscal year (2024-25), aiming for a 15% growth. Seeing the positive graph, the company is planning to bring many excited luxurious residential projects in the market of Gurugram, Mumbai and Delhi. With the quality construction and unique design, DLF contributes to major part in the urbanisation of a city. Currently, DLF has developed over 158 real estate projects, covering a massive land bank of approx. 340 million sq ft. With an additional 215 million sq ft. of potential future development, DLF's portfolio stands at over 44 million sq ft, generating an annual rental income that exceeds ₹4,000 crores rupees.