DLF to Invest Rs 235 Billion to Complete Ongoing Projects

12 Aug 2025 CW Team

To meet this expenditure, DLF has a cash balance of Rs 104.29 billion, of which Rs 77.82 billion is held in the escrow account of the Real Estate Regulatory Authority (RERA). The company also has receivables worth Rs 372.20 billion from customers for sold residential units.

Group Chief Financial Officer said DLF invested about Rs 7.5 billion in construction during the first quarter of FY25, with spending expected to rise slightly in the coming quarters. Post-pandemic, the company has launched multiple projects in Delhi-NCR, Mumbai, and Chandigarh’s tri-city region.

In the July–September quarter, DLF, in partnership with Trident Realty, launched a 416-unit residential project in Mumbai, selling all flats for around Rs 23 billion. In the first quarter, it launched and sold all 1,164 luxury apartments in ‘DLF Privana North’ in Gurugram for about Rs 110 billion. This project is part of a 116-acre township, where DLF previously sold out two other phases — ‘Privana West’ and ‘Privana South’ — for a combined Rs 128 billion last year.

These launches have driven record sales bookings, with DLF achieving Rs 212.23 billion in FY24 compared to Rs 147.78 billion in FY23 and Rs 150.58 billion in FY22. For FY25, the company has given a sales bookings guidance of Rs 200–220 billion and has already secured Rs 114.25 billion in the first quarter.

DLF’s operations span residential property sales (development business) and commercial and retail leasing (annuity business). The group has completed over 185 projects covering more than 352 million sq ft, holds an annuity portfolio of 46 million sq ft, and has 280 million sq ft of development potential in its pipeline, including current projects under execution.

DLF Ltd, India’s largest real estate developer, will invest Rs 235 billion to complete its launched residential projects across Delhi-NCR and Mumbai, according to an investor presentation. The estimated “total pending cost” covers construction work for all projects currently underway.To meet this expenditure, DLF has a cash balance of Rs 104.29 billion, of which Rs 77.82 billion is held in the escrow account of the Real Estate Regulatory Authority (RERA). The company also has receivables worth Rs 372.20 billion from customers for sold residential units.Group Chief Financial Officer said DLF invested about Rs 7.5 billion in construction during the first quarter of FY25, with spending expected to rise slightly in the coming quarters. Post-pandemic, the company has launched multiple projects in Delhi-NCR, Mumbai, and Chandigarh’s tri-city region.In the July–September quarter, DLF, in partnership with Trident Realty, launched a 416-unit residential project in Mumbai, selling all flats for around Rs 23 billion. In the first quarter, it launched and sold all 1,164 luxury apartments in ‘DLF Privana North’ in Gurugram for about Rs 110 billion. This project is part of a 116-acre township, where DLF previously sold out two other phases — ‘Privana West’ and ‘Privana South’ — for a combined Rs 128 billion last year.These launches have driven record sales bookings, with DLF achieving Rs 212.23 billion in FY24 compared to Rs 147.78 billion in FY23 and Rs 150.58 billion in FY22. For FY25, the company has given a sales bookings guidance of Rs 200–220 billion and has already secured Rs 114.25 billion in the first quarter.DLF’s operations span residential property sales (development business) and commercial and retail leasing (annuity business). The group has completed over 185 projects covering more than 352 million sq ft, holds an annuity portfolio of 46 million sq ft, and has 280 million sq ft of development potential in its pipeline, including current projects under execution.

Infrastructure Energy

23 Oct 2025

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Infrastructure Energy

23 Oct 2025

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

Infrastructure Energy

23 Oct 2025

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..