DLF - Strong Pipeline Across Key Segments: Motilal Oswal

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A residential property in Delhi developed by DLF Ltd. (Source: Company website)

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Motilal Oswal Report

DLF Ltd.'s FY22 annual report highlights-

  1. Target to deliver double digit growth in residential bookings in FY23.

  2. Aggressive expansion in office segment and aim to double retail portfolio in four-five years and

  3. Sustained improvement in cash flows.

Housing segment continues to witness strong demand well supported by tailwinds from the fundamental demand drivers. Consolidation amongst larger and credible brands continues to be a key trend in the housing segment primarily driven by rising confidence towards developers will strong execution legacy.

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In FY22, DLF's pre-sales increased 136% to Rs 72 billion driven by strong response to Camellias and new products (especially independent floors) and its identified launch pipeline will help it sustain the momentum. 

Company continue to maintain positive outlook for rental business and is consequently deploying capital to strengthen and grow the office portfolio (developing 5.3 million square feet across Gurugram and Chennai).

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