Realty major DLF plans to launch properties worth nearly Rs 80,000 crore over the next three to four years to tap rising demand for housing and commercial projects.

The real estate behemoth aims to launch 10 million sq. ft. of area in the next financial year with a revenue potential of Rs 32,000 crore. It has also identified another 22 million sq. ft. area with an estimated revenue of Rs 46,850 crore for 2024-25 and beyond. Most of the projects to be launched over the next three to four years would be in the residential category and in the luxury and ultra luxury segments.

While Delhi-NCR, Mumbai, Goa and Chennai would be the focus area of the company, the key launch in the next 12 to 15 months is set for Gurugram, Chennai, Goa and the first phase of its Mumbai project. The company has identified a fresh pipeline of new products of approx. 32 million sq. ft. with a sales potential of approx. Rs 79,000 crore, which is more than double of projects delivered during the last three to four years. The sustained demand momentum across all segments is a major driver of the activity.

DLF has around 215 million sq. ft. of development potential across residential and commercial segments, along with an annuity portfolio of over 42 million sq. ft.