NEW DELHI: Realty main DLF on Friday reported a 12 in step with cent upward push in consolidated web benefit to Rs 527 crore within the first quarter of this fiscal and introduced its re-entry into the Mumbai assets marketplace to increase a housing challenge.
The corporate’s web benefit stood at Rs 469.57 crore within the year-ago length.
Total source of revenue rose marginally to Rs 1,521.71 crore within the April-June length of 2023-24 monetary yr from Rs 1,516.28 crore within the year-ago length, consistent with a regulatory submitting.
The corporate’s gross sales bookings remained flat at Rs 2,040 crore within the June quarter.
DLF additionally introduced its re-entry into the Mumbai actual property marketplace thru a partnership with realty company Trident Group.
In 2012, DLF offered 17 acres of top land in Mumbai to Lodha Developers (now renamed as Macrotech Developers) for roughly Rs 2,700 crore. DLF had purchased the land from National Textile Corporation for Rs 703 crore in 2005.
DLF had additionally shaped a three way partnership with Akruti City to increase a couple of tasks.
According to a separate regulatory submitting, DLF Home Developers Ltd’s (DHDL) wholly-owned arm Pegeen Builders & Developers will allot 9,800 fairness stocks of Rs 10 each and every at par to Delhi-based realty company Trident Buildtech.
In this regard, DHDL has done a securities subscription and shareholders’ settlement. Pursuant to the allotment, the stake of DHDL, a subsidiary of DLF, in Pegeen will come all the way down to 51 in step with cent.
Currently, Trident, thru its wholly-owned subsidiary Sahyog Homes Ltd, is growing a slum rehabilitation challenge in Andheri (West), Mumbai.
Pegeen has additionally agreed to go into right into a construction settlement with SHL to increase the primary segment of the challenge.
DLF didn’t give to any extent further information about this proposed challenge.
In a observation, DLF mentioned its gross sales bookings for the April-June quarter stood at Rs 2,040 crore.
“Our launched inventory continues to witness healthy traction from customers,” it mentioned.
DLF mentioned it stays positive in regards to the call for for housing because the cycle continues to stay sure.
“We are gearing up for bringing new products into the markets during the fiscal. We believe that macro tail winds along with the strong demand outlook augur well for our business,” the corporate mentioned.
Further, DLF mentioned it is going to proceed to concentrate on strengthening stability sheet and money technology.
“Strong collections led to a further reduction in net debt during the quarter. Consequently, our net debt now stands reduced to the lowest ever at Rs 57 crore,” the observation mentioned.
The place of job portfolio maintained its balance whilst the retail trade continues to practice an upward enlargement trajectory.
The consolidated earnings of DLF’s condominium arm DLF Cyber City Developers Ltd (DCCDL) stood at Rs 1,412 crore, reflecting a year-on-year enlargement of 12 in step with cent. The consolidated benefit for the quarter stood at Rs 391 crore, a yoy building up of 21 in step with cent.
“We are experiencing strong demand for our new office developments. We have achieved pre-leasing of approximately 82 per cent across our two new office complexes – DLF Downtown in Gurugram and Chennai.
“We stay enthused in regards to the enlargement potentialities of our retail trade and stay dedicated towards increasing our retail choices in a couple of markets,” the corporate mentioned.
With a robust pipeline of recent launches deliberate for this fiscal and a powerful condominium portfolio, DLF mentioned it stays assured of handing over constant and successful enlargement throughout its companies.
DLF is India’s greatest realty company when it comes to marketplace capitalization. It has evolved greater than 150 actual property tasks and evolved a space in far more than 330 million sq. toes.
It is basically engaged within the trade of construction and sale of residential houses (the improvement trade) and the improvement and leasing of business and retail houses (the annuity trade).
The staff has an annuity portfolio of over 40 million sq. toes. The corporate has 215 sq. toes of construction possible throughout residential and business segments.
The corporate’s web benefit stood at Rs 469.57 crore within the year-ago length.
Total source of revenue rose marginally to Rs 1,521.71 crore within the April-June length of 2023-24 monetary yr from Rs 1,516.28 crore within the year-ago length, consistent with a regulatory submitting.
The corporate’s gross sales bookings remained flat at Rs 2,040 crore within the June quarter.
DLF additionally introduced its re-entry into the Mumbai actual property marketplace thru a partnership with realty company Trident Group.
In 2012, DLF offered 17 acres of top land in Mumbai to Lodha Developers (now renamed as Macrotech Developers) for roughly Rs 2,700 crore. DLF had purchased the land from National Textile Corporation for Rs 703 crore in 2005.
DLF had additionally shaped a three way partnership with Akruti City to increase a couple of tasks.
According to a separate regulatory submitting, DLF Home Developers Ltd’s (DHDL) wholly-owned arm Pegeen Builders & Developers will allot 9,800 fairness stocks of Rs 10 each and every at par to Delhi-based realty company Trident Buildtech.
In this regard, DHDL has done a securities subscription and shareholders’ settlement. Pursuant to the allotment, the stake of DHDL, a subsidiary of DLF, in Pegeen will come all the way down to 51 in step with cent.
Currently, Trident, thru its wholly-owned subsidiary Sahyog Homes Ltd, is growing a slum rehabilitation challenge in Andheri (West), Mumbai.
Pegeen has additionally agreed to go into right into a construction settlement with SHL to increase the primary segment of the challenge.
DLF didn’t give to any extent further information about this proposed challenge.
In a observation, DLF mentioned its gross sales bookings for the April-June quarter stood at Rs 2,040 crore.
“Our launched inventory continues to witness healthy traction from customers,” it mentioned.
DLF mentioned it stays positive in regards to the call for for housing because the cycle continues to stay sure.
“We are gearing up for bringing new products into the markets during the fiscal. We believe that macro tail winds along with the strong demand outlook augur well for our business,” the corporate mentioned.
Further, DLF mentioned it is going to proceed to concentrate on strengthening stability sheet and money technology.
“Strong collections led to a further reduction in net debt during the quarter. Consequently, our net debt now stands reduced to the lowest ever at Rs 57 crore,” the observation mentioned.
The place of job portfolio maintained its balance whilst the retail trade continues to practice an upward enlargement trajectory.
The consolidated earnings of DLF’s condominium arm DLF Cyber City Developers Ltd (DCCDL) stood at Rs 1,412 crore, reflecting a year-on-year enlargement of 12 in step with cent. The consolidated benefit for the quarter stood at Rs 391 crore, a yoy building up of 21 in step with cent.
“We are experiencing strong demand for our new office developments. We have achieved pre-leasing of approximately 82 per cent across our two new office complexes – DLF Downtown in Gurugram and Chennai.
“We stay enthused in regards to the enlargement potentialities of our retail trade and stay dedicated towards increasing our retail choices in a couple of markets,” the corporate mentioned.
With a robust pipeline of recent launches deliberate for this fiscal and a powerful condominium portfolio, DLF mentioned it stays assured of handing over constant and successful enlargement throughout its companies.
DLF is India’s greatest realty company when it comes to marketplace capitalization. It has evolved greater than 150 actual property tasks and evolved a space in far more than 330 million sq. toes.
It is basically engaged within the trade of construction and sale of residential houses (the improvement trade) and the improvement and leasing of business and retail houses (the annuity trade).
The staff has an annuity portfolio of over 40 million sq. toes. The corporate has 215 sq. toes of construction possible throughout residential and business segments.