“We have already constructed nearly 11 million sq ft in the first three quarters of this fiscal. Out of 18-19 million sq ft area to be constructed in the residential portfolio, he said only 2-3 million sq ft would be left for the next year. ALSO READ: DLF debt set to rise as cash flows dry up on slow salesDLF has residential projects in Delhi, Gurgaon, Hyderabad, Kochi and Panchkula among others. The company’s gross sales bookings were higher at Rs1,550 crore during April-December of this fiscal, but cancellation/ upgradation worth Rs790 crore dragged net sales. The company has a total land bank of 264 million sq ft.

Source: Mint February 19, 2017 05:48 UTC