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« Developers Planning to Tap Capital Market | Home | Maytas Properties will have a strategic Investor Soon- Ved Jain »

DLF Expecting Sales of Rs 8,500-9,500 crore in FY11

Driven by a resurgence in the commercial and luxury real estate segments, Delhibased DLF says it expects sales of Rs 8,500-9,500 crore in FY11, a growth of 20 per cent to 30 per cent over the previous year.

In 2009-10, the company reported sales of Rs 7,855 crore, down by 25 per cent from Rs 10,431 crore in 2008-09. With improvements in the real estate sector pan-India, DLF is now expecting to grow its top line year-on-year, but still below its peek of Rs 10,431 crore. A DLF official confirmed the developments.

While there have been no significant launches in the first five months, DLF is banking on a large number of new launches to meet its volume target of 15 million square feet across residential, commercial and retail categories. It has only achieved 13 per cent of the target till its first quarter results.

“DLF intends to be selective in launching new projects. Management said sales in FY11 would be primarily through existing projects (new phases of existing projects),” Bhaskar Chakraborty, analyst at IIFL said.

News Published Under:   Delhi, Faridabad, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Real Estate Developers, Real Estate India | No Comments »

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