It has come to the knowledge that DLF, foremost real estate company in the realm of India, is on the verge of working on plans to build in the region of 1 lakh houses that would cater to middle class in the country. What is more, these houses would be built in all the most important cities of the country and would be priced at around Rs. 20 lakhs.
There is also a chance that these new housing solutions could be proffered under a different brand name in the coming years. It is to be noted, Unitech, arch-rival of DLF in the pertinent industry
has already announced akin plans to build affordable houses around the country.
DLF Group happens to be the largest real estate company in the sphere of India in terms of revenues, earnings, market capitalization and developable area. The group does possess a glorious 62-year track record of sustained growth, customer satisfaction, and innovation. Furthermore, the group has in excess of 231 msf of completed development and 423 msf of planned projects, and has pan India presence across 32 cities.
The primary business of DLFS is development of residential, commercial and retail properties and apart from this, it is worthwhile to mention that the company has an exclusive business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market. DLF has also forayed into the infrastructure, SEZ and hotel businesses.
It is to be noted that the business of DLF is organized on a SBU basis. The Homes SBU caters to 3 segments of the residential market - Super Luxury, Luxury and Mid-Income. The product offering involves a wide range of products including condominiums, duplexes, row houses and apartments of varying sizes. DLF has 214 msf of developed area under homes and residential plots. Currently, DLF has more than 319 msf of land resource targeted towards residential business.
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