Realty major DLF retains sales bookings target at Rs 17,000 crore for FY25

Realty major DLF has maintained sales bookings guidance of Rs 17,000 crore with likely upside for this fiscal and said it has receivables of around Rs 21,000 crore from customers compared to residual construction expenses of about Rs 11,000 crore on ongoing projects.

In a conference with analysts, DLF Managing Director Ashok Tyagi also asserted that the withdrawal of indexation benefit for calculating long term capital gain (LTCG) tax on property sales would not have "much bearing" on consumer demand.

When asked whether the company would revise its sales bookings guidance upwards, Tyagi said the company would stick to its target with possible upside and might issue fresh guidance after the second quarter when there would be clear visibility of launches of projects.

DLF's sales bookings jumped over three-fold to Rs 6,404 crore during the first quarter of this fiscal on strong demand for its luxury housing properties. The company had sold properties worth Rs 2,040 crore in the year-ag