DLF is aiming for quarterly sales of Rs 2,000-2,500 crore this fiscal year, with launches planned in Panchkula, Gurgaon, and Goa.
The real estate developer, which has already made Rs 3,000 crore from low-rise impartial flooring, is counting on lavish gross sales and aiming for another Rs 2,500 crore from low-rise buildings in Haryana’s Panchkula and Gurgaon.
Consumers are looking for larger homes and are willing to spend more these days. Nobody wants mid or smaller properties, so we have scheduled releases across regions, said Aakash Ohri, chief enterprise officer of DLF Ltd.
How Valley Gardens Would Be A Premium Project
The company has planned 35 million square feet of new products over the medium term, with a revenue potential of Rs 47,000 crore, 7.6 million square feet of which will be released in 2022-2023.
Almost half will most likely be in the premium deluxe phase. It is planning to construct 424 magnificent neutral floors on a 175-acre location in Panchkula known as The Valley Gardens.
We have a good pipeline for this and the following quarters.” Valley Gardens is a modern product that has not previously been provided in the area,” said Ohri.
He remarked that there is a lot of pent-up demand as a result of the COVID-19 outbreak.
How Residential Demand For Independent Floors Surges
In the last two years, we have seen a remarkable reaction from buyers in Delhi-NCR to low-rise independent floors (National Capital Region).
The Valley Gardens’ location at the foothills of the Shivalik range, where the lush valley brings fresh and pure air, which is uncommon in most metro cities,” said Ohri.
DLF recorded a net revenue of Rs 469.99 crore for the April-June quarter, as residential demand continues to show continuous momentum, with high demand for luxury apartments being a major trend that is expected to continue.
How Panchkula Is Turning To Be A Real Estate Hub
The residential enterprise reported bookings of Rs 2,040 crore, a 101% increase year on year.
We’ve seen the value of properties in The Valley nearly double as more and more people want to live in a place like this.
Home buyers from Chandigarh, Punjab, Delhi-NCR, and even Himachal Pradesh have expressed a strong desire to live in Panchkula, according to Ohri.
He added that DLF is not dependent on NCR for residential growth.
We are building our PAN India footprint and have a strong pipeline across the country. Every launch has the potential to be worth more than Rs 1,000 crore. “We are methodical in our planning and realistic in our approach,” Ohri said.
