New launch trajectory key driver for DLF, buy on dips, say experts

Residential demand remains strong, commercial portfolio may lag in near term

Riding on the back of a new launch, bookings or new sales growth for the country’s largest listed developer nearly doubled YoY in the December quarter (Q3FY22). About a third of the Rs 2,020 crore sales in the quarter was contributed by the One Midtown project in Delhi which was launched in December. The project is a joint venture between DLF and Singapore’s sovereign wealth fund, GIC. The rest of the sales came from ongoing luxury project Camellias (Gurgaon), new products and demand for independent floors.

In addition to higher bookings, collections too remained healthy at Rs 1,220 crore up