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Motilal Oswal Report
DLF Ltd. reported a more than three-fold jump in pre-sales as it clocked bookings of Rs 64 billion, largely driven by the successful launch of the second phase of Privana West, Gurugram. The company continues to sustain momentum at its ultra-luxury project, The Camellias, in DLF 5, with bookings of Rs 2.5 billion.
With the balance inventory of Rs 30 billion, launches will thus be the key to driving its pre-sales growth. DLF aims to launch Rs 420 billion worth of projects across its core markets (up Rs 60 billion versus Q4 FY24), which will lead to 22% YoY pre-sales growth in FY25.
Beyond FY25, the company has set a project pipeline worth Rs 625 billion to be launched over two-three years.
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