DLF has announced a new ₹2,000-crore senior living project in Gurugram while confirming its annual sales target of ₹20,000 crore for FY27. Despite a dip in recent quarterly bookings, the company continues to see strong demand in its ultra-luxury segment, particularly for its 'The Dahlias' project.
DLF Limited is expanding its residential portfolio with a new entry into the senior living segment. The company has announced a project in Sector 63, Gurugram, on Golf Course Extension Road. Spanning nearly 5 lakh square feet, this development is expected to have a sales potential of approximately ₹2,000 crore. This move marks the developer's attempt to capture demand from affluent retirees seeking specialized community infrastructure.
Sales Target and Market Outlook
Despite reporting a 94% year-on-year drop in sales bookings for the first quarter of FY27, reaching ₹657 crore, management remains confident in its annual guidance. The company has reaffirmed its goal to achieve ₹20,000 crore in sales bookings for the current financial year. Management attributed the quarterly decline primarily to a shift in the timing of new project launches rather than a structural cooling of buyer interest. For the same period, DLF posted a consolidated net profit of ₹794 crore, a 4% increase from the previous year, even as revenue stood at ₹1,605.56 crore.
Luxury Segment Traction
The company continues to focus heavily on the ultra-luxury market. Its flagship project, 'The Dahlias', has reported strong absorption, with approximately 65% of its inventory already sold. Data from the company indicates that prices in this development have reached over ₹1 lakh per square foot, with some premium units fetching between ₹1.20 lakh and ₹1.25 lakh per square foot. These units are currently priced between ₹100 crore and ₹170 crore. Notably, there has been a geographical shift in the buyer base, with 25%-30% of demand now coming from outside the National Capital Region and from non-resident Indians.
Goa Project and Regulatory Status
DLF also plans to launch a premium residential development in Goa. However, this project is currently facing a delay due to a Public Interest Litigation (PIL). Management stated that while all necessary approvals have been obtained, the company has chosen to pause the launch and will not accept customer payments until there is full legal clarity regarding the court matter. This project represents about 10% of the total annual sales guidance, and the company has clarified that this delay is unlikely to materially impact its overall financial outlook for the year.
Looking ahead, DLF is preparing a significant development pipeline. The company intends to bring nearly 25 million square feet of residential space to the market, with an estimated total sales potential exceeding ₹60,000 crore. Investors may monitor the progress of these launches and the eventual resolution of the Goa litigation, alongside the company's ability to maintain its sales momentum throughout the fiscal year.