DLF
India’s real estate sector is expected to expand to US$ 5.8 trillion by 2047, contributing 15.5% to the GDP from an existing share of 7.3%.
DLF Ltd. is the largest real estate developer in India with more than 73 years of experience in the realty sector. The company operates in all the stages of real estate development – land identification and acquisition, planning execution, construction, and marketing of projects. The company generates its revenues from both sales and rentals of its projects. It is also engaged in power generation and transmission. In 2018, the company decided on a new business model named DLF 2.0.
- Largest realty developer in India
- Over 73 years of track record
- Development potential of 227 million square feet
- Presence across 15 states and 24 Indian cities
- Develops residential, commercial, and retail projects
- In the third quarter of FY25, the company’s total income stood at Rs. 1,738 crore (US$ 201.60 million)
DLF – Building India
| Year | Milestone |
|---|---|
| 2024 |
In November 2024, DLF Ltd announced that its subsidiary, DLF Info City Developers (Kolkata) Ltd., a wholly owned subsidiary of DLF Cyber City Developers Ltd, has entered into definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP ( An affiliate of Primarc & RDB group), on a slump sale basis for an aggregate consideration of approx. ~Rs. 637 crores (US$ 73.90 million). In January 2024, DLF has reported the sale of luxury residences at 'DLF Privana South' in Gurugram, exceeding Rs. 7,200 crore (US$ 866.5 million), prior to its official launch. |
| 2023 |
As announced in October 2023, NRIs purchased 20% of all homes sold by DLF between April-September 2023, up from 15% in the last financial year. The new sales bookings of DLF Ltd. for the first quarter of FY24 stood at Rs. 2,040 crore (US$ 245.4 million). DLF Ltd. will unveil projects worth Rs. 19,710 crore (US$ 2.39 billion) for sale by March 2024 and aims to achieve sale bookings of about Rs. 12,000 crore (US$ 1.45 billion) in FY24 on strong housing demand. |
| 2022 |
DLF Ltd's sales bookings rose 62% year-on-year during the April-September 2022 period to Rs. 4,092 crore (US$ 499.8 million) on better demand for its housing properties. |
| 2021 |
In June 2021, DLF appointed Mr. Ashok Kumar Tyagi and Mr. Devinder Singh, two whole-time directors, as the Chief Executive Officers (CEOs) of the company. |
| 2020 |
DLF will invest Rs. 130 crore (US$17.62 million) over the next 18 months to develop a data centre in Noida, as it seeks to encash the rise in demand for data storage capacity. DLF raised Rs. 1,000 crore (US$ 143.08 million) by issuing non-convertible debentures. |
| 2019 |
DLF Mall of India became the first mall in the world to be accredited with a 'LEED Platinum' certification from United States Green Building Council (USGBC) under Existing Building Operation and Maintenance category (EBOM). DLF and GIC Joint Venture (JV) planned to build the country’s biggest retail mall of around 2.5 million square feet. DLF aimed to double its rental business to Rs. 4,700 crore (US$ 682.24 million) in 3 years. |
| 2017 |
GIC Real Estate became a partner in DLF Cyber City Developers Ltd. |
| 2016 |
Launched DLF Mall of India, country’s first destination mall. |
| 2012 |
Launched an 8.3 km expressway project in partnership with Haryana Urban Development Authority (HUDA). |
| 2008 |
Commenced operations at India’s first luxury mall. |
| 2007 |
Became a listed company with an IPO of Rs. 9,045 crore (US$ 2.25 billion). |
| 2003 |
Started development of DLF Cybercity, Gurugram, Haryana. |
| 1996 |
Entered group housing projects. |
| 1985 |
Started development of DLF City, Gurugram, Haryana. |
| 1964 |
Developed 22 urban colonies in Delhi. |
| 1946 |
Founded by Chaudhary Raghvendra Singh. |
Partners
