Realty giant DLF Ltd plans to allocate ₹23,500 crore to finalize its residential projects that have already been initiated in Delhi-NCR and Mumbai. As per an investor presentation, the “total pending cost” required to complete all launched projects is projected to be ₹23,500 crore, according to media reports.

In order to address its outstanding construction expenses, DLF indicated that the firm possesses a cash reserve of ₹10,429 crore, with ₹7,782 crore held in the escrow account of the Real Estate Regulatory Authority (RERA). Additionally, the company has receivables amounting to ₹37,220 crore from its clients for residential properties that have been sold to them.

In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around ₹750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters.

Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh.

During the current July-September quarter, DLF Ltd and Trident Realty launched a housing project comprising 416 flats in Mumbai and also sold all units for around ₹2,300 crore.

In the first quarter, the company launched and sold all 1,164 luxury apartments for about ₹11,000 crore in its new housing project ‘DLF Privana North’ in Gurugram. This project is part of its 116-acre township.

Last year, DLF had in this township launched and completely sold out two projects — ‘DLF Privana West’ and ‘DLF Privana South’ — for around ₹12,800 crore.

These new launches have helped DLF in achieving record sales bookings during the last fiscal year, and the company is targeting to repeat its performance.

DLF’s sales bookings stood at a record ₹21,223 crore in the last fiscal as against ₹14,778 crore in the 2023-24.