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Realty major DLF Ltd's sales bookings jumped two times annually to Rs 13,316 crore during the first nine months of this fiscal, mainly on high demand for luxury housing properties in Gurugram. DLF reported a more than three-time increase in sales booking to Rs 9,047 crore in the December quarter.
The company launched three new projects totalling over 5 msf during the quarter across multiple segments. The launches during the quarter were DLF Privana South, Gurugram- a luxury high rise development, Central 67, Gurugram – a shop-cum-offices plotted development and The Valley Orchard, Panchkula-low-rise independent floors.
DLF stock has doubled investors' money in the last year, surging around 104 percent. In comparison, benchmark Nifty has rallied 20 percent during this period.
The project will be launched in January 2024 with a top line of Rs 10,000 crore, say industry sources.
Between October to December 2022 quarter, DLF's residential business garnered a strong performance and clocked one of the highest quarterly new sales bookings of ₹2,507 crore, reflecting a YoY growth of 24%