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DLF Plans Expansion into Mumbai and Goa, Targets ₹17,000 Cr Sales in FY25

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Synopsis:

DLF plans aggressive expansion into Mumbai and Goa, targeting ₹17,000 crore in sales for FY 2024-25 with strong growth in luxury homes. The company emphasises corporate governance, operational excellence, and geographic diversification for sustained growth.

DLF Share Price Spotlighted by Expansion Plans

Chairman Rajiv Singh announced DLF's strategic move to enter new geographies such as Mumbai and Goa to capitalise on growth opportunities. The company aims to diversify its portfolio and meet the rising demand for luxury homes in these regions. As a result, investors eye on the DLF share price today.

Residential and Commercial Project Growth

DLF has reported robust sales performances in recent years, achieving record sales of ₹15,058 crore in 2022-23 and ₹14,778 crore in 2023-24. For the current fiscal year, DLF has set a target of ₹17,000 crore in sales bookings, driven by the launch of luxury housing projects in Gurugram, Goa, and Mumbai.

Explore: Dlf Limited Share Price

Commercial Business Performance

The commercial segment, comprising office buildings and shopping centres, continues to perform well with increased occupancy levels across DLF's portfolio. The company remains committed to investing in new build-outs in Gurugram, Chennai, Delhi, and Goa to further strengthen its commercial footprint.

Focus on Corporate Governance and Operational Excellence

DLF emphasises corporate governance, operational excellence, and upholding the values established by its founders. The company continues to invest in talent acquisition and internal policies to support sustainable long-term growth and enhance stakeholder value.

Economic Outlook and Government Policies

Chairman Rajiv Singh expressed optimism about India's economic recovery and growth trajectory, citing structural reforms and governance improvements. He highlighted the government's infrastructure investments and policy continuity under PM Modi's leadership as catalysts for future growth in the real estate sector.

Vision for the Future

Looking ahead, DLF anticipates that the real estate sector will play a pivotal role in India's economic progress, driving employment and contributing to macroeconomic and social growth. With a strong foundation and ambitious growth targets, DLF is positioned to leverage opportunities and achieve sustainable growth in the coming years.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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