DLF Strikes Mega Chennai Land Deal with Cholamandalam Finance for Rs 735 Crore

Realty giant DLF seals a huge deal, selling 4.67 acres of prime land in Chennai to Cholamandalam Finance for a staggering Rs 735 crore, marking one of the Chennai's most significant real estate land transactions to date.

Ambitious Expansion Plans Unveiled

With a substantial footprint already established in Chennai, DLF unveils ambitious expansion strategies, eyeing the launch of a residential project in the upcoming fiscal year 2024-25. The company sets its sights on unveiling a massive 10 million square feet of real estate, projecting a revenue influx of Rs 24,200 crore.

Luxurious Ventures on the Horizon

A significant portion of DLF's upcoming developments is slated for the super luxury segment, promising opulent living spaces and substantial returns. With plans to launch projects in Gurgaon and DLF-5, the company aims to capitalize on the burgeoning demand for high-end properties.

Strong Financial Performance

DLF's robust performance in the December quarter underscores its market dominance and financial prowess. With a remarkable 26% surge in net profit, driven by record bookings and strategic project launches, the company reports a net profit of Rs 648 crore and sales bookings totaling Rs 9,047 crore.

New projects by DLF

Amidst its financial success, DLF unveils three new groundbreaking projects, further solidifying its position as a frontrunner in the real estate arena. With ventures in Gurugram and Panchkula totaling over 5 million square feet, the company continues to redefine luxury living and urban landscapes.