DLF’s sales bookings at ten year high with property worth Rs. 7,273 crore sold during FY22

The company showed its coolest performance in the last 10 years.  ‘The Camellias’, DLF’s super luxury project continues to draw strong customer interest and delivered healthy sales bookings of Rs 2,550 crore during the last fiscal.

Delhi NCR based realty major DLF’s book-keeping indicates two-fold jump in booking amount during the last fiscal year driven by high demand for its luxury home segment. According to an investor presentation, DLF said its sales bookings rose to Rs 7,273 crore in 2021-22 fiscal from Rs 3,084 crore in the previous year.

The company showed its coolest performance in the last 10 years.  ‘The Camellias’, DLF’s super luxury project continues to draw strong customer interest and delivered healthy sales bookings of Rs 2,550 crore during the last fiscal.

The last fiscal year turned to be a glorious year, as many major listed players achieved robust sales bookings.

Prestige Estates, a Bengaluru-based real estate giant reported sales booking worth 10,382.2 crore which is almost 90 per cent increase in their sales bookings during the last financial year. The company is likely to post the highest sales bookings during the last fiscal year among the listed real estate developers.

Lodha by Macrotech Developers reported a 51 per cent growth in its sales bookings to a record Rs 9,024 crore during the last fiscal.

Godrej Properties‘ sales bookings increased 17 per cent to Rs 7,861 crore, out of which Rs 7,781 crore came from the residential properties.

Brigade Group‘s sales bookings grew to Rs 3,023 crore in the last fiscal from Rs 2,767 crore in FY’21, while Puravankara Ltd‘s sales bookings rose 9 per cent in the last fiscal year to a record Rs 2,406 crore.

As per the presentation, DLF’s net debt at the end of 2021-22 fiscal stood at Rs 2,680 crore, a 46 per cent Year-on-Year reduction.

DLF noted that housing demand continues to exhibit a structural upswing across segments and geographies.

“Residential business exhibited a record performance in the fiscal. We witnessed strong growth across all our segments with luxury segment leading this trend,” DLF said.

Its net profit stood at Rs 480.94 crore in the year-ago period, the company said in a regulatory filing.

Total income declined to Rs 1,652.13 crore during the March quarter from Rs 1,906.59 crore in the corresponding period of the previous year.

Net profit rose to Rs 1,500.86 crore during the last financial year from Rs 1,093.61 crore in 2020-21 fiscal year. Total income rose to Rs 6,137.85 crore in 2021-22 from Rs 5,944.89 crore in the previous year.

DLF is India’s leading real estate developer. It has developed more than 153 real estate projects and developed an area in excess of 330 million square feet.

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