DLF nails Q1, eyes wow factor

Bounce back DLF's pre-sales revived sharply in Q1FY26 driven by robust response to the Privana North project launch.

- Harsha Jethmalani

LF Ltd saw a significant boost in its pre-sales, or bookings, in the June quarter (Q1FY26), driven primarily by the robust response to its luxury residential launch, Privana North (Phase 3). Pre-sales jumped 78% year-on-year (y-o-y) to ₹11,425 crore, with Privana North comprising a staggering 96% of bookings. The remainder came from ongoing sales at The Dahlias project.

DLF had no new launches in Q4FY25, so a rebound in Q1FY26, powered by fresh inventory, was expected. The realtor that has a dominant presence in the National Capital Region (NCR), stuck to its FY26 pre-sales guidance of ₹20,000-22,000 crore, despite having already met about 50% of it.

With Gurugram lacking quality supply from reputed developers, DLF is likely to meet its FY26 pre-sales guidance, but no major positive surprise is likely, said a 6 August report by Antique Stock Broking.