DLF Limited CC-Mar24.pdf · 2024-05-14
Thanks, First of all, congratulations to everybody, Rs. 2800 crores to Rs. 4300 crores of OCF growth in a year is good. And I also see a couple of sides of improvement on transparencies and disclosures that goes a long way. I had 3 queries. One, Tyagi ji, you mentioned like we have roughly Rs. 4000 crores of cash in the RERA accounts, probably Rs. 1,000 odd crores or Rs. 750 odd crores might be released every year. And out of the Rs. 2,000 crores of free cash, we have another Rs. 1,000 odd cr ores which we can possibly deploy. Now, our tone has been improving, like we've been a little more bullish in the last few quarters with sales improving and the market is buoyant. So, you you've entered Mumbai, you've like seen the market for the last 4 ye ars. From an investment, perspective, the sight is clear. But wouldn't it be a good opportunity to invest into the market for newer projects right now versus waiting for the launch of your first project and then evaluating projects for investment? That was my first question.
And just like before going to Gurugram , like in your core market, other than phase 5, you've been like, usually selling out at launch. So, Mumbai is a little different market, I understand, you were doing 2.5 BHKs, probably 3, 3.5 BHKs, much smaller units versus like what you're offering in Gurugram in Mumbai. But for your first launch, would you be like looking to pre -sell at launch or like sell like what others do in market that sell 55% -60% at launch and then over a period of time?