IndiaCatalog.com
India News
Search Web Directory
News Home
DLF's Q3 net sales bookings soar 78% to Rs 480 crore
Posted on 14th February 2018
NEW DELHI: Realty major DLF's net sales bookings rose by 78 per cent to Rs 480 crore in the third quarter of this fiscal mainly on improved demand for ready-to-move-in homes.

The company's net sales bookings stood at Rs 270 crore in the year-ago period.

DLF, the country's largest realty firm, opened its sales booking from November 2017 after a gap of six months as the company had suspended sales from May to align its business with the new real estate law RERA and the GST.

"Restarted sales with effect from November, 2017 after completing compliance of provisions of RERA," DLF said in investor presentation.

"Gross sales of Rs 665 crore and net sales booking of Rs 480 crore Q3FY18. This is in comparison to net sales booking of Rs (55) crore in Q2,FY18," it added.

The gross sales bookings stood at Rs 660 crore in the corresponding period of last financial year.

Net sales are actual sales after factoring in any cancellation/upgradation of apartments by DLF customers.

The revenue recognition of sales bookings achieved in the third quarter will reflect in the quarter ending March, 2018.

DLF expects market to recover in the upcoming quarters and said it is well poised to take advantage of the momentum since it has created a large inventory of finished products.

"Process has been initiated to start construction at Midtown (Central Delhi) (about 7 million sq ft). This project is in JV with GIC Singapore. The current price in the secondary markets for Capital Green III (finished product) is about Rs 17,000 per sq ft," the presentation said.

In September 2015, GIC had invested about Rs 2,000 crore in DLF's two housing projects in the national capital. DLF had sold about 50 per cent stake each in these two upcoming projects.

DLF is currently developing 11 million sq ft of projects and has a land bank of 235 million sq ft.

Related Companies: DLF Ltd   

Other Latest News
UP Gangster Vikas Dubey's close aides Babban Shukla, Prabhat Mishra killed in encounter
Posted on 9th July 2020
As police intensifies the manhunt to nab Uttar Pradesh Gangster Vikas Dubey, another close aide of him, identified as Ranbir alias Babban Shukla was shot dead in an encounter on Thursday morning. He had a reward of Rs 50,000 on his head.

He was killed by a joint team of UP Police and Special Task Force (STF) in Etawah.

India may see 2.87 lakh coronavirus cases per day by February 2021, claims study
Posted on 9th July 2020
India may record as much as 2.87 lakh coronavirus cases per day by February 2021 if there's no vaccine developed till that time, researchers from US-Based Massachusetts Institute of Technology (MIT) have claimed.

The prediction was made by a team of researchers including Hazhir Rahmandad, TY Lim, and John Sterman of MIT's Sloan School of Management. They used the SEIR (Susceptible, Exposed, Infectious, Recovered) model, a standard mathematical model for infectious diseases used by epidemiologists to arrive at the conclusion.

PM Modi to address 5,000 participants from 30 nations at India Global Week 2020 today
Posted on 9th July 2020
Prime Minister Narendra Modi will deliver the inaugural address on Day 1 of India Global Week 2020 on Thursday.

India Global Week 2020 is a three-day virtual conference themed ‘Be The Revival: India and a Better New World’. It will have 5000 global participants from 30 nations being addressed by 250 global speakers across 75 sessions.

BJP leader, brother and father shot dead by terrorists in J&K's Bandipora
Posted on 9th July 2020
A Bharatiya Janata Party (BJP) leader in Jammu and Kashmir was shot dead by terrorists along with his father and brother in Bandipora on Wednesday, officials said.

Wasim Bari, his brother and father were shot at when they were sitting at a shop adjacent to their home opposite Bandipora police station. Terrorists fired upon him indiscriminately, injuring them critically. They were shifted to a hospital where they were declared brought dead.

Indian Army orders personnel to delete 89 apps including Facebook, Instagram, Tinder: Report
Posted on 9th July 2020
As tensions with China along the Line of Actual Control (LAC) rages on, the Indian Army has asked its personnel to delete 89 apps from their smartphones including Facebook, TikTok, Tinder, PUBG and Instagram to avoid leakage of information, ANI report quoted Indian Army sources as saying.

Camscanner, Helo, Xender, ShareIt, Bumble, UC browser, Tinder, Snapchat are among the 89 apps that the army personnel has been instructed to uninstall.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for DLF's Q3 net sales bookings soar 78% to Rs 480 crore
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for DLF's Q3 net sales bookings soar 78% to Rs 480 crore

Most Read News

Coronavirus Outbreak: With a spike of 18,653 cases, India's COVID-19 tally reaches 5,85,493

UP Police eliminates two criminals involved in killing of eight cops in Kanpur

Covid-19 impact: Airbus to cut 15,000 jobs worldwide, mostly in Europe

China has caused great damage to the US, rest of the world: Trump

RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020 IndiaCatalog.com
    All Rights Reserved
Privacy Statement