DLF's Q1 to set the tone for FY26

Aiming high

- Harsha Jethmalani

Realty company DLF Ltd is bracing for an action-packed June quarter (Q1FY26) after nil new launches in the March quarter (Q4FY25). DLF is confident of unveiling phase 3 of Privana North in Gurugram and phase 1 of Mumbai in Andheri, which faced a delay due to multiple approvals since it is a rehabilitation project.

Its super-luxury project in Goa is slated for launch in the second half of FY26. All these are critical for DLF to meet or beat its FY26 pre-sales guidance of 20,000-22,000 crore.

DLF exited FY25 with record pre-sales of 21,223 crore, up 44% year-on-year (y-o-y). This jump was largely backed by healthy sales from uber-luxury project 'The Dahlias', launched in Q3FY25 in key Gurugram micro market. The project contributed ₹13,744 crore pre-sales in FY25, helping it exceed the target.

DLF has more inventory in this project, which aids realizations outlook, although sales from existing projects' inventory is not enough for an incremental pre-sales boost.