DLF to Enter Senior Living Homes Segment in Gurugram

• DLF Senior Living Homes project planned in Gurugram this quarter

• Estimated revenue potential of around Rs 2,000 crore

• Company confident of achieving FY sales target despite Q3 slowdown

Gurugram: Realty major DLF Ltd has announced plans to enter the senior living housing segment with the launch of its first such project in Gurugram during the current quarter. The upcoming development, focused on senior living homes, is expected to generate an estimated revenue of around Rs 2,000 crore.

The move marks a strategic expansion for DLF as it looks to tap into the growing demand for age-focused housing solutions in India. Senior living homes are increasingly gaining traction among homebuyers seeking secure, community-driven living environments tailored to older residents.

During a conference call with analysts, DLF Managing Director Ashok Tyagi said the company remains optimistic about housing demand in Gurugram, particularly for projects developed by established and credible developers. He added that DLF is confident of achieving its pre-sales guidance of Rs 20,000–22,000 crore for the current financial year.

Addressing the sharp dip in sales bookings during the December quarter, Tyagi explained that the company had temporarily paused sales at its ultra-luxury residential project, The Dahlias, and did not introduce any new housing launches during the period. As a result, sales bookings stood at Rs 419 crore in the third quarter.

Providing an update on the launch pipeline, DLF Home Developers Ltd Managing Director Aakash Ohri said that sales at The Dahlias have resumed this quarter, with prices rising by over 25 per cent compared to pre-launch levels seen in late 2024. He also revealed that a prominent NRI recently purchased a home in the project, highlighting sustained interest in high-end residential offerings.

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Launched in October 2024, The Dahlias spans 17 acres in DLF Phase 5, Gurugram, and includes 420 apartments and penthouses. By December, around 220 units had already been sold, generating sales worth Rs 15,716 crore.

Looking ahead, Ohri confirmed that the upcoming DLF Senior Living Homes project in Gurugram will be followed by additional residential launches later this year in cities such as Mumbai, Panchkula, and Goa.

Despite near-term fluctuations, DLF reported total sales bookings of Rs 16,176 crore in the first nine months of the current fiscal, compared to Rs 19,187 crore in the same period last year. In FY 2024–25, the company had achieved its highest-ever annual sales bookings of Rs 21,223 crore.

DLF Group remains one of India’s largest real estate developers, with over 185 completed projects covering more than 352 million square feet. The company currently holds a development potential of around 280 million square feet across residential and commercial segments, along with an annuity portfolio exceeding 49 million square feet.