The DLF group was founded in 1946 by Chaudhary Raghuvendra Singh. Together with its subsidiaries, joint ventures and associates the group is primarily in the business of real estate development. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market. DLF has also forayed into infrastructure, SEZ and hotel businesses. It operates in all aspects of real estate development, ranging from acquisition of land, to planning, executing, constructing & marketing of project. The group is also engaged in the business of generation and transmission of power, provision of maintenance services, hospitality and recreational activities.
DLF has developed some of the first residential colonies in Delhi such as Krishna Nagar in East Delhi, which was completed in 1949. Since then they have been responsible for the development of many of Delhi’s other well known urban colonies, including South Extension, Greater Kailash, Kailash Colony and Hauz Khas.
Following the passage of the Delhi Development Act in 1957, the state assumed control of real estate development activities in Delhi, which resulted in restrictions on private real estate colony development. They therefore commenced acquiring land at relatively low cost outside the area controlled by the Delhi Development Authority, particularly in the district of Gurgaon in the adjacent state of Haryana.
This led to their first landmark real estate development project – DLF Qutab Enclave, which has now evolved into DLF City. DLF City is spread over 3,000 acres in Gurgaon and is an integrated township, which includes residential, commercial and retail properties in a modern city infrastructure with schools, hospitals, hotels and shopping malls. It also boasts of the prestigious DLF Golf and Country Club with night golfing facilities.
DLF is India's largest real estate company in terms of revenues, earnings, market capitalisation and developable area, it is the largest real estate developer in India with 266 million square feet worth of developed and under development projects. In line with its current expansion plans, DLF has over 425 million sq. ft. of development across its businesses, including developed, on-going and planned projects. This land bank is spread over 32 cities, mostly in metros and key urban areas across India. Already a major player in locations across the country, DLF, with over six decades of experience, is capitalising on emerging market opportunities to deliver high-end facilities and projects to its wide base of customers by constantly upgrading its internal skills and resource capabilities.
With the growth of the Indian economy and the resulting increase in corporate and consumer incomes, as well as foreign investment, DLF sees significant opportunities for growth in its three primary businesses. DLF's mission is to build a world-class real estate development company with the highest standards of professionalism, ethics and customer service and to thereby contribute to and benefit from the growth of the Indian economy.
DLF's primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market. DLF has recently forayed into the infrastructure, SEZ and hotel businesses.
DLF’s office segment is one of the group's most admired verticals. Nearly 40 msf of ongoing projects forms a strong portfolio for DLF offices, having reached a mature delivery platform of 11-12 msf on an annual basis. Current land resource owned by DLF for development of offices across the country is 164 msf approximately.
With a booming retail environment on the horizon, this is a major thrust area for the Group and DLF is actively creating new shopping and entertainment spaces all over the country. The company has 12 mn sq. ft of retail projects under construction and owns land resource of another 92 msf for development in metros and other key urban destinations across the country. These include categories of prime downtown shopping districts, shopping centres and super luxury malls, amongst others.
The business of DLF is organized on a SBU basis. The Homes SBU caters to 3 segments of the residential market - Super Luxury, Luxury and Mid-Income. The product offering involves a wide range of products including condominiums, duplexes, row houses and apartments of varying sizes.
In October 2009, DLF was conferred Best Global Developer Award, 2009 by Euromoney.
In November 2009, DLF sold DT Cinemas and entered into a long term strategic alliance with PVR.
In March 2010, Caraf (along with its subsidiaries) became a wholly-owned arm of Cyber City DLF’s subsidiary, thus giving effect to the integration process.
In May 2010, DLF launched second phase of Garden City, DLF New Indore
In May 2011, after the phenomenal response to first phase of its project Garden City, DLF New Indore, DLF, India’s largest real estate company, announced the launch of the second phase of the project.
In 2014 DLF GLOBAL HOSPITALITY LTD 'DGHL' a 100% step down subsidiary of DLF Ltd. announced that it has completed the sale of 100% equity stake in Silverlink Resorts Ltd. 'SRL' the owner of Amanresorts to Aman Resorts Group Ltd. 'ARGL' a Joint Venture between Peak Hotels & Resorts Group Ltd. 'PHRL' and Mr. Adrian Zecha, the founder of Amanresorts for an Enterprise Value of USD 358 million.
The company’s business is spread across different divisions:
Projects of the company: