FCC

DLF sales bookings rise 62% YoY in Apr-Sep to Rs 40.92 bn

2022-10-28

Realty major DLF's sales bookings rose 62% year-on-year during the April-September period to Rs 40.92 billion on better demand for its housing properties. Sales bookings stood at Rs 25.26 billion in the first half of the previous financial year, according to an investors’ presentation by the firm.

DLF Ltd has given guidance of sales bookings at Rs 80 billion for the current 2022-23 financial year, a 10 per cent increase from the previous fiscal. Its sales bookings rose to Rs 72.73 billion in the 2021-22 fiscal from Rs 30.84 billion in the previous year.

DLF Group Executive Director and Chief Business Officer Aakash Ohri attributed the growth in sales bookings to strong end-user demand for its residential properties. “We are maintaining the sales bookings guidance for this fiscal year,” he said, adding that the company would prefer being cautious in the rising interest rate regime.

Ohri said timely execution of projects and providing quality services in housing societies after completion of projects are crucial elements for customers.

He said the company plans to launch two new housing projects in Gurugram and Panchkula during the second half of this fiscal.