DLF Limited, a prominent real estate developer, recently unveiled two significant projects, one is a DLF SCO Plots in Gurgaon and the other one is a Rising residential project in Panchkula, adding luxury to the landscape of Haryana’s real estate. With an estimated combined revenue exceeding Rs 1,400 crore, these ventures underscore DLF’s commitment to pioneer innovative developments.
In Gurugram, DLF introduces “Central 67,” a commercial plotted development (SCO Plots) sprawling over 8.6 acres in Sector 67. These DLF shop-cum-office (SCO) plots are strategically located adjacent to Sohna Elevated Road, seamlessly connecting to the Delhi-Mumbai Expressway. Boasting 75 plots, “Central 67” is a sold-out success, projecting an impressive revenue of Rs 750 crore. Like every other DLF Project
Simultaneously, in Panchkula, DLF presents “The Valley Orchard,” a low-rise residential township spanning 15.83 acres. Aakash Ohri, Joint MD and Chief Business Officer of DLF Home Developers Ltd revealed that the project comprises 400 units, generating an anticipated revenue of Rs 700 crore. The first phase, featuring 350 units, is already sold out, emphasizing the project’s popularity. The popularity is due to the trust DLF has built over the decades.
“The Valley Orchard” stands out with 3BHK-plus-study and 3BHK residences in blocks, featuring basements, stilts, and four independent floors. Located in the Shivaliks mountain range foothills, it offers captivating views of the Kaushalya River.
Ohri shared insights into the project, detailing plans for an additional 70 units in a later phase, ultimately constituting a vast 1.1 million square feet development. Furthermore, DLF plans to launch another residential project in Panchkula, reinforcing its commitment to expanding its real estate portfolio.
“The Valley Orchard” is positioned as a ground-plus-four-floor development near Kasauli. The commercial project, “Central 67,” spans an impressive 14,300 square yards, emphasizing its scale and impact on Gurugram’s commercial landscape. The structured basement-plus-ground-plus-four-floors design facilitates versatile usage for both retail and office spaces, with a building height reaching 15 meters.
DLF’s choice of locations for these projects is strategic. “Central 67” DLF SCO Plots promise seamless connectivity to major business hubs and cities through the Delhi-Mumbai Industrial Corridor. Its accessibility from Golf Course Extension Road, Sohna Road, and Southern Peripheral Road ensures a congestion-free link to Gurgaon, Sohna, and Delhi.
The success of DLF’s Q2 performance reflects its robust financial health. With a consolidated net profit of Rs 629 crore, a 29% YoY increase, and total income from operations reaching Rs 1,476 crore, DLF remains a key player in the real estate sector. Sales bookings touched Rs 2,228 crore in Q2, with a remarkable gross margin of 57%. Notably, DLF achieved net cash-positive status during the quarter.
In line with its growth trajectory, DLF targets sale bookings of approximately Rs 13,000 crore in the current fiscal year. Strong demand and the launch of several new projects by March 2024 underline the company’s optimism and commitment to driving the real estate market forward.
In conclusion, DLF’s recent endeavors signify more than just real estate projects they exemplify a commitment to innovation, customer satisfaction, and contributing to the evolving landscapes of Gurugram and Panchkula. As the real estate giant continues to shape the future, its vision for transformative developments remains at the forefront of the industry.