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The Economic Times
The Economic Times
Business

DLF to invest additional Rs 21,300 cr to complete housing projects in Gurugram, other cities

DLF Gurugram DLF Ltd India

New Delhi: India's biggest realty firm DLF Ltd has announced an additional investment of Rs 21,300 crore to complete its ongoing residential projects, mainly in Delhi-NCR, Mumbai and the tri-city Chandigarh. In its latest investor's presentation uploaded on the BSE on Wednesday, DLF said the "pending cost to complete for all launched projects" stands at Rs 21,300 crore.

The company also disclosed that receivables from customers against the sale of properties stand at Rs 33,840 crore. The net receivables after meeting the pending cost to complete the launched project are Rs 12,540 crore. Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh, including an ultra-luxury project 'The Dahlias' at Gurugram, which has a revenue potential of around Rs 35,000 crore.

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