DLF expects Rs 700 crore sales from Gurgaon plots

July 06, 2011

India's largest realty firm Gurgaon based DLF will launch 400 plots in Gurgaon and is expecting sales realisation of about Rs 700 crore from this project over the next two years. While announcing its annual result last may (2011) month, DLF had said that the company would focus more on plotted development in this fiscal as it generates faster cash-flow compared to group housing. Last month, the company had launched 1,300 plots at Indore.

DLF will launch 400 plots in Gurgaon at a basic selling price of Rs 40,000 per sq yard. The size of the plots would vary from 300 sq yard to 500 sq yard. These plots will be part of the 101-acre township 'DLF Garden City' where a large group housing project is being developed.
The sales realisation is estimated at about Rs 700 crore. adding the plots will be handed over to the buyers in two years and by then, the group housing would be complete.

Last May (2011) month, DLF had said it would launch 12 million sq ft of area this fiscal, of which 10 million sq ft will be plotted development, while the rest will be group housing projects.

About DLF..!
DLF Limited, is India's largest real estate company in terms of revenues, earnings, market capitalisation and developable area. It has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 399 msf of planned projects with 56 msf of projects under construction.
DLF's primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market. DLF has also forayed into infrastructure, SEZ and hotel businesses.
The development business of DLF includes Homes and Commercial Complexes
The Homes business caters to 3 segments of the residential market - Super Luxury, Luxury and Mid-Income. The product offering involves a wide range of products including condominiums, duplexes, row houses and apartments of varying sizes
DLF is credited with introducing and pioneering the revolutionary concept of developing commercial complexes in the vicinity of residential areas. DLF has successfully launched commercial complexes and is in the process of marking its presence across various locations in India.
The development business at present has 302 msf of development potential with 40 msf of projects under construction
With over six decades of excellence, DLF is a name synonymous with global standards, new generation workspaces and lifestyles. It has the distinction of developing commercial projects and IT parks that are at par with the best in the world. DLF has become a preferred name with many IT & ITES majors and leading Indian and International corporate giants, including GE, IBM, Microsoft, Canon, Citibank, Vertex, Hewitt, Fidelity Investments, WNS, Bank of America, Cognizant, Infosys, CSC, Symantec and Sapient, among others.
DLF pioneered the retail revolution in the country and brought about a paradigm shift in the industry by redefining shopping, recreation and leisure experiences with the launch of City Centre in Gurgaon in 2000. The Retail Malls business is a major thrust area for DLF. Currently, DLF is actively creating new shopping and entertainment spaces all over the country.
Corporate Office
DLF Centre
Sansad Marg,
New Delhi- 110001,
Tel: +91-11-42102030
Website: http://www.dlf.in/
Registered Office
DLF Ltd.
DLF Shopping Mall, 3rd Floor
Arjun Marg, DLF City Phase-I
Gurgaon-122002
Tel: +91-124-4334200

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