DLF to launch Rs 60,000-crore projects over 5 years, work on Goa villas to begin soon

DLF plans Rs 60,000-crore launch pipeline over next 3–5 years, Goa villas to break ground soon

DLF Limited plans to launch Rs 60,000-crore worth of residential projects, which will include luxury villas and apartments, over the next five years, the Gurugram- based real estate developer has said.

The company is targeting 37 million square feet (msf) of projects, worth Rs 1.14 lakh crore, over the medium term, DLF’s chief financial officer Badal Bagri said in an analyst call.

Work on projects worth over Rs 50,000 crore has already begun and the remaining would be launched in the medium term.

These projects are expected to come up in Gurugram, Panchkula, Mumbai, and Goa, where  an “uber-luxury villa project” would likely go on the floor in the current or the next quarter.

The developer has launched around 7.5 msf projects worth Rs 40,600 crore until FY25. In the first half of this fiscal, another 5.7 msf worth Rs 13,685 crore were launched, an investor presentation said.

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The remaining 24-msf projects, worth Rs 60,215 crore, will be launched in the medium term. Out of the 24-msf, the company is planning to launch around 1-msf projects having sales potential of Rs 2,500 crore under its super-luxury category, which includes projects like 'The Dahlias', while 21-msf projects worth Rs 55,000 crore will fall under its luxury housing category such as 'The Privana' ecosystem.

The company said another 2.3-msf projects, with sales potential of Rs 2,000 crore, would be launched under premium housing category. Commercial projects worth Rs 715 crore are also in the pipeline.

The company has a very strong launch pipeline and in next 18 months, several projects will be launched across different locations, DLF MD Ashok Tygai said.

“In next 18 months we have several projects coming up, which include Arbour 2 senior living, The Dahlias phase-2, Westpark-2 (Mumbai), Goa project, Hamilton, and next phases of Privana among others,” he said.

Company’s joint managing director and chief business officer Aakash Ohri, said that DLF’s much-awaited Goa project is in advanced stage and it is likely to be launched in this quarter or the next.

The “by-invitation” project will feature around 62 luxury villas, priced between Rs 40 crore and Rs 50 crore, in the Reis Magos area. It will be developed on a 38-acre hill facing Mandavi River.

DLF reported a 54.7 percent quarter-on-quarter (QoQ) jump in its consolidated net profit at Rs 1180.09 crore, the company said on October 30. The profit, however, was down 14.5 percent from the year-ago period.