DLF Reports 5% Decline in Sales Bookings, Focuses on Luxury Segment
India's leading real estate developer, DLF, has reported a 5% year-on-year decline in sales bookings for FY26, with revenue standing at ₹20,143 crore compared to ₹21,223 crore in FY25.
Financial Performance
- Gross margins for DLF's development business stood at 39% in FY26, down from 48% in FY25.
- Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the segment stood at ₹3,070 crore in FY26, down from ₹3,111 crore in FY25.
Sales Guidance and Luxury Segment
Despite the decline in sales bookings, DLF met its sales guidance of ₹20,000-22,000 crore for the year. The company's focus on the luxury segment, particularly its super-luxury project The Dahlias, is expected to contribute nearly ₹5000-6000 crore to its sales target in the current financial year.
The Dahlias: A Luxury Focus
- DLF sold around 56 residential units in The Dahlias for ₹4824 crore in FY26.
- New inventory in the project is now touching around ₹135 crore per residence, up from ₹60 crore and ₹75 crore previously.
Gurugram: The Fastest-Growing Luxury Market
Gurugram has emerged as the country's fastest-growing high-end luxury residential market, recording ₹24,120 crore in transactions for homes priced at ₹10 crore and above in 2025, according to a February report by India Sotheby’s International Realty and CRE Matrix.
About the Author
Madhurima Nandy is a Senior Editor at Mint and has over two decades of experience in journalism. She closely tracks India's real estate sector and has written extensively on real estate, urban issues, and infrastructure.
- Madhurima has a Masters degree in English Literature and a postgraduate diploma in journalism from Symbiosis, Pune.
- She has worked in newsrooms across Mumbai, Bengaluru, and Kolkata.