DLF surges on plannig to invest Rs 40,000 crore in housing, commercial projects over next 4-5 years
DLF is currently trading at Rs 705.45, up by 8.70 points or 1.25% from its previous closing of Rs 696.75 on the BSE.
The scrip opened at Rs 715.00 and has touched a high and low of Rs 715.00 and Rs 691.65 respectively. So far 128832 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 967.00 on 01-Apr-2024 and a 52-week low of Rs 622.15 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 717.50 and Rs 651.95 respectively. The current market cap of the company is Rs 174596.11 crore.
The promoters holding in the company stood at 74.08%, while Institutions and Non-Institutions held 21.24% and 4.69% respectively.
DLF is planning to invest around Rs 40,000 crore over the next 4-5 years to develop housing and commercial projects as part of its strategy to expand business amid strong demand for premium properties.
The company will invest around Rs 20,000 crore to complete its residential projects that have already been launched. These ongoing residential projects are mainly in Gurugram. It also plans to invest around Rs 20,000 crore in the medium term to develop commercial properties, including office and retail spaces, across Delhi-NCR as well as in Goa and South India.
During the last couple of years, DLF has launched many luxury housing projects in Gurugram, including the ultra-luxury project 'The Dahlias', which has a revenue potential of around Rs 35,000 crore. These launches have helped the company to achieve a sale bookings of Rs 19,187 crore for the first nine months of 2024-25 fiscal year, beating the annual guidance of Rs 17,000 crore.
DLF is one of India's biggest property developers. The company’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.
