Realty major DLF Ltd will launch two luxury housing projects worth Rs 15,000 crore in Gurugram during the second half of this financial year to expand its business amid strong demand for premium homes.
Buoyed by sales of Rs 8,000 crore worth of flats within three days in February in its new project 'The Arbour' at Gurugram, the company has set a target to achieve sales bookings of Rs 13,000 crore in this fiscal year and hopes to exceed the number.
During the 2022-23 financial year, DLF posted sales bookings of Rs 15,058 crore, a more than two-fold increase from Rs 7,273 crore in the previous year. The company has created a launch pipeline of Rs 20,000 crore for this fiscal. Launches this year will be predominantly driven by two launches in Gurugram - one in Southern Peripheral Road (SPR) and the other in Golf Course Road. The estimated sales bookings value of these two upcoming projects in Gurugram is about Rs 15,000 crore.
DLF already owns land parcels for these two projects in Gurugram. Tyagi said the company would also launch one residential tower in its project at Moti Nagar here, one in Tricity of Chandigarh and one in Mumbai this fiscal.
