New Delhi: Realty major DLF's sales by way of bookings in the housing segment nearly increase two-fold to Rs 2,430 crore in the April-June period from the previous quarter on strong response for its Gurgaon tasks.
DLF traded 1.81 million rectangle feet of space for Rs 2,430 crore in the first quarter of this fiscal against 2 million rectangle feet traded for Rs 1,240 crore in the January-March time span, DLF said in an analyst presentation.
The company achieved whole sales bookings of Rs 2,430 crore during Q1 against Rs 3,800 crore for FY13, it supplemented. Of the total bookings in April-June, Gurgaon phase 5 assisted the maximum at Rs 1,990 crore.
The business launched "The Crest," a luxury dwelling project, in Gurgaon stage 5 to an exceedingly powerful answer and the test trading of "The Camellias" contacted with an encouraging answer, according to the production.
It sold more than 60 per hundred of the stock in the "MyPad" project at Lucknow at launch.
In the rental business, DLF leased 0.39 million square feet of financial space in Q1 compared with 0.18 million rectangle feet in the previous quarter. Rental income was Rs 435 crore out of Rs 480 crore of annuity income, it said.
DLF said gross annuity income would augment to Rs 2,000 crore by the end of FY14 from about Rs 1,850 crore in the previous economic year.
The Mall of India project in Noida with 1.8 million rectangle feet of leasable area is in the final stage of culmination and is anticipated to open by the end of FY14, the business said.
DLF said it continues to maintain a snug liquidity position with Rs 3,175 crore of money on its publications.
"With the uptick in sales bookings, which was very apparent from the Q1 sales, the cash position is expected to advance substantially," the business said.
DLF has a land bank of 320 million rectangle feet. It had 52 million rectangle feet of tasks under construction at the end of the June quarter.
DLF traded 1.81 million rectangle feet of space for Rs 2,430 crore in the first quarter of this fiscal against 2 million rectangle feet traded for Rs 1,240 crore in the January-March time span, DLF said in an analyst presentation.
The company achieved whole sales bookings of Rs 2,430 crore during Q1 against Rs 3,800 crore for FY13, it supplemented. Of the total bookings in April-June, Gurgaon phase 5 assisted the maximum at Rs 1,990 crore.
The business launched "The Crest," a luxury dwelling project, in Gurgaon stage 5 to an exceedingly powerful answer and the test trading of "The Camellias" contacted with an encouraging answer, according to the production.
It sold more than 60 per hundred of the stock in the "MyPad" project at Lucknow at launch.
In the rental business, DLF leased 0.39 million square feet of financial space in Q1 compared with 0.18 million rectangle feet in the previous quarter. Rental income was Rs 435 crore out of Rs 480 crore of annuity income, it said.
DLF said gross annuity income would augment to Rs 2,000 crore by the end of FY14 from about Rs 1,850 crore in the previous economic year.
The Mall of India project in Noida with 1.8 million rectangle feet of leasable area is in the final stage of culmination and is anticipated to open by the end of FY14, the business said.
DLF said it continues to maintain a snug liquidity position with Rs 3,175 crore of money on its publications.
"With the uptick in sales bookings, which was very apparent from the Q1 sales, the cash position is expected to advance substantially," the business said.
DLF has a land bank of 320 million rectangle feet. It had 52 million rectangle feet of tasks under construction at the end of the June quarter.
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