DLF, a major real estate firm, plans to expand its operations by developing residential and commercial projects in Goa, according to Chairman Rajiv Singh. In his message to shareholders in the annual report, Singh emphasized the company’s commitment to corporate governance, operational excellence, and the values set by its founders.
“We are focusing on expanding both our residential and commercial businesses,” Singh said. “The residential segment has seen continued growth, with an uptick in new sales bookings and record sales collections. The market’s response to our products has been very encouraging, leading us to enter new markets like Mumbai and Goa.”
DLF will continue to launch new projects in Delhi-NCR, with a strategy to offer a diverse range of products to meet market demands. The company has recorded strong sales bookings over the past two financial years, driven by high demand for luxury homes.
In the 2022-23 fiscal year, DLF reported record sales of ₹15,058 crore, followed by ₹14,778 crore in the 2023-24 fiscal year. For 2024-25, the company aims for a 15% growth in sales bookings, targeting ₹17,000 crore with numerous luxury housing projects planned for Gurugram, Goa, and Mumbai.
Singh noted that the commercial sector, which includes office buildings and shopping centers, is performing well, with increased occupancy levels. “We continue to invest in new developments in Gurugram, Chennai, Delhi, and Goa,” he said. “The work we’ve done over the past decade has positioned us strongly for the future.”
The chairman also highlighted DLF’s investment in talent acquisition and strengthening internal policies to support growth. “We strive for operational excellence, corporate governance, and upholding our founders’ values to achieve sustainable growth for all stakeholders,” Singh added.
Discussing India’s economic outlook, Singh said the country has seen a broad-based recovery and surpassed its pre-pandemic growth trajectory. “Structural and governance reforms over the last decade have strengthened the economy, making India a global economic leader,” he said, expressing optimism for the country’s future.
Singh praised the third term of Prime Minister Narendra Modi’s government, stating it marks a milestone in good governance. He believes the continuity will accelerate policy implementation and growth. “The government is heavily investing in infrastructure, highways, railways, and electrification, paving the way to achieve the Prime Minister’s vision of ‘Viksit Bharat 2047,'” Singh said.
DLF, India’s largest real estate firm by market capitalization, has developed over 158 projects covering more than 340 million square feet. The company has 215 million square feet of future development potential in both residential and commercial segments and an annuity portfolio of over 44 million square feet, generating an annual rental income exceeding ₹4,000 crore.