DLF’s NRI investment touches 23% of total sales in FY24, highest since FY21
According to the data, the NRI share has witnessed a growth of at least nine percentage points in FY24 in comparison to the last financial year.
The share of Non-Resident Indian (NRI) investment in total sales of Delhi NCR based real estate developer DLF Ltd, has surged to approximately 23 percent for the financial year 2023-24, marking the highest NRI sales for the real estate developer since FY21, when the covid pandemic led to a slump in NRI interest.
This is a significant increase from 14 percent in FY 2022-23, a top executive at DLF told Moneycontrol.
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 data showed.
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.
Source: www.moneycontrol.com
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