Realty major DLF has kept up with sales bookings direction of Rs.17,000 crore with likely potential gain for this financial and said it has receivables of around Rs.21,000 crore from clients contrasted with remaining development costs of about Rs.11,000 crore on continuous ventures.
DLF Managing Director Ashok Tyagi also stated during a conference with analysts that the removal of the indexation benefit for the purpose of calculating the long-term capital gain (LTCG) tax on property sales would not have “much bearing” on consumer demand.
Tyagi responded that the company would stick to its target with the possibility of upside and might issue new guidance after the second quarter, when there would be clear visibility of project launches, when asked if the company would revise its sales bookings guidance upward.
Due to strong demand for its luxury housing properties, DLF’s sales bookings increased by more than threefold to 6,404 crore during the first quarter of this fiscal year. The organization had sold properties worth Rs.2,040 crore in the year-prior period. Due to strong demand for its luxury housing properties, DLF’s sales bookings increased by more than threefold to 6,404 crore during the first quarter of this fiscal year. In the previous year, the company had sold properties worth 2,040 crore rupees.
In May, DLF had given direction to accomplish Rs.17,000 crore worth of deals appointments for the whole 2024-25 monetary year as against almost Rs.15,000 crore in the previous year. Gotten some information about the send off pipeline, Tyagi said the organization would send off luxury manors in Goa this quarter, a super-extravagance project, like ‘The Camelias’, in Gurugram during the following quarter. It likewise hopes to send off a task in Mumbai by December and one more undertaking in Gurugram during the last quarter of 2024-25. DLF plans to launch projects worth 42,000 crore rupees this fiscal, according to the investor presentation.
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