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DLF Real Estate

Delhi Land & Finance, or DLF, is a company set up by DLF chairman Mr.Kushal Pal Singh's father-in-law, Chaudhary Raghvendra Singh. The company at that time had developed no fewer than 21 colonies in Delhi between 1947 and 1961, which was taken over by the Delhi Development Authority. That had forced DLF to diversify into batteries, cables and so on.

Six decades later, DLF has invested close to Rs 80,000 crore in projects running into 100 million square feet. The group has made remarkable contribution in the evolution of the sleepy adjacent city of Gurgaon to the ‘investor’s destination’ of India. Their foresightedness in identifying Gurgaon as the next logical extension of Delhi proved to be their biggest advantage, as they were the ones to make the first move in Gurgaon real estate.

However, DLF’s role in confirming the visit of Jack Welch, the CEO of GE to India on the invitation of Rajiv Gandhi the then Prime Minister of India proved to be the biggest turnaround for DLF and Mr. K. P. Singh. Welch was not only struck by the country's trained manpower and started thinking in terms of outsourcing back office work to India; but also set up GE's first office at Gurgaon.

Almost overnight, Gurgaon had turned from a sleepy village to a throbbing hub of commercial activity. DLF which started its business then with a new lease has definitely come a long way since then - from townships, shopping malls and commercial space to hotels, special economic zones and infrastructure projects.

DLF in India's Real Estate Growth

Residential

The residential segment of DLF besides development of apartment in the middle-income group, also involves a wide range of products including condominiums, duplexes, row hoses and apartments of varying sizes, with a focus on the high end the market. To the 54 million sq. ft of developed area under homes with18 million sq. ft of group housing; DLF intends to augment its oldest business area by developing another 300 million sq. ft of projects across the country over the next 10 years.

Commercial

Office: DLF’s office segment is one of the group’s most admired vertical. Nearly 20 million sq. ft. of developed as well as on-going projects are a significant contributor to the growth of office spaces of the most contemporary architecture. Plans to develop another 110 million sq. ft. across 12 cities are aimed to give DLF 15-20% of market share in the business & commercial sector.

Retail: With a booming retail environment on the horizon, this is a major thrust area for the Group and DLF is actively creating new shopping and entertainment spaces all over the country. There are over 42 million sq. ft. of quality retail space developed and under development in metros and other urban destinations across the country. These include categories of prime downtown shopping districts, shopping centers and super luxury malls.

Hotel: With the growth of economy, India is emerging as a major business, tourism and sports event destination; causing traffic to pour in from across the globe. This has led to the demand for hotels in mostly in the cities.

DLF group foresees that with the rise in demand for rooms expected to grow by approximately 4% in 2006-07; the investment in the premium segment of the hotel industry will be between Rs 20-23 billion in the aggregate over the next five years. Keeping in view, the exponential growth opportunities in the sector DLF intends to develop hotels in four star, five star and deluxe segments.

Infrastructure

DLF foresees significant growth opportunities in the infrastructure sector which are expected through the route of Public-Private Partnerships (PPP). Though there is a significant size of investments earmarked by the government and there are tremendous opportunities in the sector for private players to contribute in the nation’s growth, DLF has marked down the sector as it anticipates the infrastructure vertical to create new source of revenues and growth to the group. The key focus areas of vertical are construction of expressways, highways, airports and other key infrastructure projects.

SEZ

Special Economic Zones (SEZ) have acquired special status of importance from the Government of India as they have been categorized to bring infrastructural development and economic growth in that region. DLF has also taken the stride to develop SEZ across the country which will showcase world-class, state-of-the-art infrastructure and will include utilities such as roads and other public services, commercial centers, residential facilities and institutional facilities like schools, hospitals, etc.

Their first SEZ by DLF, proposed to be developed in Amritsar spreading over an expanse of 1100 acres, will comprise of four sector-specific individual SEZs for the textile and garments industry, engineering industry, food processing industry and a free trade and warehousing zone. It also has investment plans to develop an Rs 10,000 crore multi-product SEZ in Tamil Nadu.
DLF Plots, Sector 91 DLF Valley Panchkula
DLF Kings Court Delhi
DLF Queens Court Delhi


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