DLF Rs 300 croreworth sale in gurgaon
DLF sold housing properties worth of about Rs 300 crore in Gurgaon in November when it reopened sales after five months of suspension because of new real-estate law and GST. Out of the total sales, about Rs 250 crore was contributed by its luxury housing project ‘The Crest’, sources said. The selling price of premium project ‘The Crest’ is Rs 5 crore onwards. This project was launched in May 2013 and is ready for possession. DLF currently has about Rs 15,000 crore finished inventories, primarily in Gurgaon. The company plans to sell these inventories in the next few years. Despite the disruption to the sales activity, the company said that it continued to focus on completion of projects and has now created completed, finished inventory for new sales going forward. The loss from net sales booking due to cancellation/ upgradation came down to Rs 55 crore in the second quarter of 2017-18, from Rs 125 crore in the preceding quarter, DLF had said.