DLF is even more confusing than China
Wednesday, May 25, 2011
While China plays with $330 tln in the world's commodities markets, DLF is stilll on the top of its game , sold 10 mln sft for the year and plans to sell 12 mln sft next year. The Debt of $5.3 bln or INR 21450 Crs is well within reason for its assets but it is already bleeding, almosting making a net loss on every sale when the realisation per sft is a good INR 7500 or $187.5 well ahead of the mid tier which sells at average realisation of INR 4000 or $100 in the same city at the same point in time. Which is the brand premium for DDLF and the $100 psft also a 30% premium over the base rates in the city(cities)
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