DLF, one of India’s most prominent real estate developers, is making strategic strides to expand its footprint into the lucrative markets of Mumbai and Goa. This move aligns with the company’s broader vision of capitalizing on growth opportunities and further strengthening its residential and commercial project portfolios. In his annual message to shareholders, DLF Chairman Rajiv Singh highlighted the company’s commitment to corporate governance and operational excellence.
He also outlined the ambitious expansion plans that are driving DLF’s growth. Singh emphasized the success of the company’s residential business, attributing it to strong sales bookings and record sales collections in recent years. DLF has set a challenging target of achieving INR 17,000 crore in sales bookings for the current fiscal year, 2024-25. This target reflects the company’s optimism and proactive approach towards launching new luxury housing projects across various locations. The company’s entry into new geographies like Mumbai and Goa is a significant development. Singh underlined the encouraging market responses to DLF’s products in these regions.
He reiterated the company’s strategy of diversifying its offerings to meet evolving market aspirations, while also continuing its project launches in Delhi-NCR, a core market for DLF. DLF is making significant investments in capital expenditure (capex) for new developments in Gurugram, Chennai, Delhi, and Goa. This underscores the company’s long-term vision and commitment to sustainable growth. Currently, DLF holds a substantial future development potential of 215 million square feet across residential and commercial segments. This reflects the company’s robust growth trajectory. Additionally, DLF maintains an annuity portfolio of over 44 million square feet, generating an annual rental income exceeding INR 4,000 crore. This stable income stream provides a balanced revenue model for the company. As DLF continues to expand its market presence and operational capabilities, Singh assured shareholders of the company’s unwavering focus on talent acquisition, strengthened internal policies, and adherence to its founding values.
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