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Harika Enjamuri

23rd Mar 2025 · SEBI-Registered Analyst

DLF Commits ₹20,000 Cr for Ongoing Projects, Eyes ₹43,000 Cr Surplus Cash

DLF
is set to invest ₹20,000 crore over the next few years to complete its launched residential projects, with a total surplus cash potential of ₹43,000 crore. The company holds a strong financial position with ₹9,000 crore in cash as of the December quarter and ₹30,000 crore in customer receivables. It expects ₹24,000 crore in surplus cash from unsold inventory. DLF has aggressively expanded in Gurugram, including its ultra-luxury project, The Dahlias, which has a revenue potential of ₹35,000 crore. On the commercial front, DLF plans to invest another ₹20,000 crore in the next five years to develop office and retail spaces, with most assets being built under its joint venture DCCDL (67% owned by DLF). DLF’s rental portfolio, currently at 44 million sq. ft. with a 93% occupancy rate, is projected to expand to 73 million sq. ft. DCCDL has begun construction of 5.5 million sq. ft. of office space under 'DLF Downtown, Gurugram' and 20 lakh sq. ft. of DLF Mall of India, Gurugram. With a high-quality land bank and strong cash flow visibility, DLF remains a key player in India’s real estate sector. Technically, on the daily timeframe, DLF is showing early signs of recovery after rebounding from the 625-630 support zone. The stock has reclaimed the 9-day EMA (674) and is currently testing resistance near 695-700. A breakout above 718-720 could drive further upside toward 739-740 and 763-765 (near the 70-day and 100-day EMAs). However, if it faces rejection, a retest of 674-680 is likely. The RSI at 54.39 indicates mild bullish momentum but isn't in overbought territory yet. Sustaining above 720 could confirm a trend shift toward 801-810, while a failure to hold 674 may drag it back toward 625. I have attached the daily chart of
DLF
for your reference. Please direct message me, as I won’t be able to respond to each comment individually. Follow me for more such updates, Thank You!

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