Real Estate

DLF hopes to benefit from demand for IT space

Our Bureau Kochi | Updated on June 17, 2019 Published on June 17, 2019

DLF homes hopes to see a 10 per cent increase in its sales bookings at ₹2,700 crore in FY20. The company’s business turnover last year was ₹2,435 crore.

According to Devendra Yadav, Senior Vice-President – Commercial, DLF Ltd, the company projects an increase of 6 to 7 per cent of market growth in the current financial year. It has reduced its net debt by 38 per cent from ₹7,224 crore during Q3 of FY19 to ₹4,483 crore in Q4 of FY19 with net debt coming down in the current quarter.

Kerala market

The company is focussing on the Kerala market. The significant presence of NRI’s has led to the growth of real estate sector and also opened up venue for investments in the State. Kerala being largely unexplored in the super luxury housing segment has a huge potential and demand for high end condominiums especially among NRI’s.

With the demand in IT and ITES industries and growth in demand for world class office spaces, he said, DLF is looking forward to bring commercial project in Kakkanad, the IT hub of Kochi where the company has got sufficient land bank.

Published on June 17, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.