Strong bookings and new launches to keep DLF on higher growth trajectory

REIT listing and valuations are triggers, but rising interest rates is a concern: Analysts.

With a rise in bookings, DLF ended the March quarter (Q4) as well as financial year 2021-22 (FY22) on a high. Bookings in Q4 jumped 158 per cent or nearly 2.6 times over the year-ago period to Rs 2,700 crore, beating the company’s guidance of Rs 2,000 crore.

Sales rose in Q4 thanks to the launch of the One Midtown project in Delhi, traction in the super luxury Camellias project (Gurugram), and plotted development/independent floor sales at various locations.

Further, the country’s largest listed real estate company saw all-time high total bookings of Rs 7,273 crore in FY22, a 136 per cent