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
IBC eliminates right to redemption of Essar Steel shareholders, says lenders
Posted on 19th December 2018
The Insolvency and Bankruptcy Code eliminates the right to redemption of Essar Steel shareholders, the counsel to lenders and ArcelorMittal said as part of their rejoinder arguments to Essar Steel Asia Holdings (ESAHL)’s plea for consideration of their settlement offer proposed ‘for and on behalf of Essar Steel’.

PE Play: Carlyle eyes PNB’s stake in PNB Housing Finance
Posted on 19th December 2018
Carlyle Group is seeking to double its holding in mortgage lender PNB Housing Finance, people familiar with the matter said, reversing an earlier attempt to pare its stake in the company.

The US private equity firm is considering buying Punjab National Bank’s (PNB) shares in PNB Housing, which would give it a controlling stake, the people said, asking not to be named as the information is not public.


RBI announces further OMO purchase of Rs 50,000 crore in Jan 2019
Posted on 19th December 2018
The Reserve Bank of India (RBI) on Tuesday announced further purchases of government securities (G-secs) under open market operations (OMOs) for a total amount of Rs 50,000 crore in January 2019. The operations will be conducted through five auctions of Rs 10,000 crore each.

RBI also decided to scale up the amounts to be purchased in the remaining two OMO auctions scheduled in December 2018 to `15,000 crore each after evaluating current liquidity conditions.


Detailed Sebi guidelines on side-pocketing soon
Posted on 19th December 2018
Markets regulator Sebi will soon issue detailed guidelines on the creation of segregated portfolio or side-pocketing for debt and money market instruments. The Securities and Exchange Board of India (Sebi) also asked fund houses to strengthen their in-house credit risk assessment system instead of completely depending on rating agencies.

Govt likely to sell 3-5% stake in NTPC via OFS
Posted on 19th December 2018
The Centre will likely sell 3-5% stake in NTPC soon through the offer-for-sale (OFS) route to garner between Rs 3,500-6,000 crore. The roadshow for OFS was held on November 21-22 in Mumbai to gauge the investor appetite, an official said.

The share price of NTPC has been on the upswing for last few days partly due to its acquisition of the 720 MW Barauni Thermal Power Station from Bihar State Power Generation Company.


» 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

Pune travel agents protest Air India plan to use one GDS

Axis Bank launches QuikPay Home Loan; a Monthly Instalments Plan

Paytm Money enables ‘UPI Payment’ facility for Mutual Fund Investments

No respite for RCom: Supreme court denies more time to clear Rs 550cr dues to Ericsson

ONGC board to consider share buyback on Dec 20

More India News

Photo Gallery

Arvind Kejriwal(12 Images)Arvind Kejriwal
Dilwale(11 Images) Dilwale
  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 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement