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DLF targeting 10% increase in sales bookings in FY20

DLF is targeting a 10 percent increase in sales bookings for the current financial year (FY20) at around Rs 2,700 crore, on hopes of an increase in housing demand. Sales bookings of the company more than doubled to Rs 2,435 crore in 2018-19 from Rs 1,000 crore in the previous year.

The company continued to see good sales in the residential segment. It has started monetising its ready to occupy inventory across the country in the premium and luxury segments. It is now gearing towards the next cycle of development and is planning to build 17 million sq ft of residential and commercial space in the near future.

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.

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