DLF plans to launch projects worth Rs 200 bn in current fiscal

16 May 2023 CW Team

Real estate major DLF plans to launch property projects worth Rs 197 billion for sale by March next year. The company aims to achieve sale bookings of around Rs 120 billion in the current financial year due to strong demand for housing. DLF reported a more than two-fold increase in sale bookings to a record Rs 150 billion in the last financial year, up from Rs 72 billion in the previous year.

The company earned Rs 80 billion from a luxury housing project called "The Arbour," which was launched in Gurugram during the March quarter.

DLF has planned an aggressive launch pipeline for 2023-24 at an estimated sales revenue potential of Rs 197 billion and 11.2 million sq ft of area. Most of the projects to be launched this fiscal year would be in the housing segment in Delhi-NCR and Chennai. Last year, the company launched 10 million sq ft worth Rs 146 billion.

Also read:
Railways approves ROB for Habibganj-AIIMS link
Goa to build 6-lane elevated corridor on EPC model

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..