3 months ago
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According to the latest Homebuyer Premier League (HPL) rankings released by IndexTap, existent property large DLF Ltd has secured the apical spot among the best-selling residential projects successful Mumbai, contempt being a caller entrant to the occidental market.
The HPL rankings measurement the superior income show of projects and fertile them connected the ground of full income worth and units sold.
DLF’s task has secured the apical spot with a wide lead, indicating the project’s sustained marketplace acceptance and absorption successful a competitory market, the institution said.
According to the rankings, DLF The Westpark successful Andheri West task has been identified arsenic the top-selling task successful the city, registering income of ₹1,894 crore and 336 units sold.
The Westpark is besides DLF’s archetypal residential task successful Mumbai and the inventory was absorbed successful a substance of a fewer days of its launch, contempt a highly competitory existent property marketplace successful Mumbai.
As per an capitalist presentation, DLF has a ample gross pipeline that remains unaccounted for, with implicit ₹55,000 crore pending from accumulated income bookings arsenic of the December quarter, based connected the latest capitalist presentation.
The institution has reported full income of ₹79,885 crore from its existing projects, of which ₹24,460 crore has been accounted for truthful far, leaving ₹55,425 crore to beryllium accounted for successful aboriginal reporting periods arsenic operation milestones are met.
The developer chiefly operates successful the Delhi-NCR, Mumbai, and Tri-city segments, wherever income are accounted for connected a completion oregon percentage-of-completion accounting treatment.
In presumption of operations, arsenic reported successful Q3 FY26 the institution remains connected a unchangeable fiscal show trajectory contempt little income bookings, owing to little caller supply.
In the archetypal 9 months of the fiscal year, income bookings were astatine ₹16,176 crore, with a full-year guidance of ₹20,000-₹22,000 crore, aft a record-breaking ₹21,223 crore successful FY25, driven by luxury conception launches.
Profitability besides remained strong, with consolidated nett net expanding 14% year-over-year to ₹1,203 crore successful the December quarter.
