DLF, India’s leading real estate developer, witnesses record sales of over AED 6.65bln (INR 15,058 crores) in FY23

DLF, India’s leading real estate developer, witnesses record sales of over AED 6.65bln (INR 15,058 crores) in FY23

Dubai, United Arab Emirates – DLF Ltd, India’s leading listed real estate developer, has set a new record of annual sales in the Indian real estate industry with cumulative new transactions of AED 6,653,880,000 (INR 15,058 crores) in FY23, ending March 31st. This remarkable achievement was driven by the success of key project launches, including the luxury residential offering, The Arbour, The Grove located in Gurugram among others. DLF recorded sales of approximately AED 861,180,000 (INR 2,000+ crores) from NRI investors in the fiscal year 2022-2023. NRI investment has consistently played a crucial role in DLF’s residential portfolio, majority of which is driven by Non Resident Indians (NRIs) originating from the Middle East region, followed by USA, UK and Singapore.

The listed developer, known for developing super luxury and luxury properties, announced its Q4 FY23 and annual FY23 results in a statement which detailed, “Our residential business delivered a record performance by clocking new sales bookings of AED 3,642,000,000 (INR 8,458 crore) in Q4, reflecting a year-on-year growth of 210%.”

Aakash Ohri, DLF Group Executive Director and Chief Business Officer, elaborates “When it comes to NRI investments in Indian real estate, the Gulf Cooperation Council (GCC) remains a key one. For NRI