DLF’s NRI Investments See A 23% Surge In Sales In Year 2023-24

Delhi NCR-based real estate developer DLF Ltd has seen a surge in its share of NRI investments by 23 % for the year 23-24 marking the highest NRI sales for the real estate developer since FY21 when COVID led to a decline in NRI investments. In the years 22-23, the developers saw a mere 14 percent increase in NRI investments. The share of NRI investment in total sales in the financial year 2021-22 was merely five percent while it was only around 2-3 percent in the financial year 2020-21, the company data reflected.

The increase in NRI investments in the company’s real estate projects has been driven by an increased demand for real estate investments from the NRI community as well as a proactive outreach program by the company in key markets.

Key NRI markets for DLF include the USA, Southeast Asian countries, Africa, and Gulf countries, but markets like Australia and Canada are also seeing strong traction.

To augment the NRI investments and support the increasing demand, DLF has established a dedicated NRI cell that assists them through the pre-launch, launch, and post-launch phases, ensuring a smooth and seamless process regardless of their location.

While the USA, UK, Southeast Asia, and the Middle East have traditionally been strong markets, Australia has recently shown increased traction. The company also has plans to expand its outreach to Canada and other markets gradually, with the USA remaining the highest contributor among international markets.

NRIs have been strong investors in DLF's residential properties historically, from plots to high-rises, not only in Gurugram but across the country in places like Panchkula, Chennai, Kochi, Lucknow and Indore.

Source: Moneycontrot