DLF to invest ₹23,500 crore in ongoing housing projects
NEW DELHI: DLF Ltd, India’s leading real estate firm, plans to invest ₹23,500 crore to finalize its ongoing residential projects in Delhi-NCR and Mumbai. As outlined in an investor presentation, the total estimated cost to complete these launched projects is ₹23,500 crore. To finance the pending construction, DLF has reported a cash reserve of ₹10,429 crore, with ₹7,782 crore held in an escrow account regulated by the Real Estate Regulatory Authority (RERA). Furthermore, the company holds receivables totaling ₹37,220 crore from customers for residential properties sold. DLF’s Chief Financial Officer (CFO) recently stated in a conference call that the company…