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DLF, a prominent player in the Indian real estate sector, has reported a significant increase in sales bookings for the first half of the current fiscal year (FY24). The company's sales bookings surged by 66 percent to Rs 7,094 crore during the April-September period, indicating a strong performance driven by robust housing demand.
In the corresponding period of the previous fiscal year, DLF's sales bookings stood at Rs 4,268 crore. This substantial growth can be attributed to the exceptional performance witnessed in the first quarter (Q1) of FY24, where sales bookings jumped over three-fold to around Rs 6,400 crore compared to Rs 2,040 crore in Q1 FY23.
The company's ability to achieve such impressive growth highlights the buoyant sentiment in the Indian real estate market. The strong demand for housing, coupled with DLF's strategic initiatives and attractive offerings, has propelled its sales bookings to record levels. This positive trend is expected to continue in the coming quarters, further solidifying DLF's position as a leading real estate developer in the country.
Source: Q2 Results 2024 Live: ICICI Bank reports net profit at Rs 11,745.9 crore, up 14.5% YoY, NII up 9.5%