DLF Share Price

DLF Limited is India’s largest real estate developer listed on the stock exchange, with its headquarters in Gurugram. The company builds residential homes, commercial office space and retail properties in major urban centres. DLFs operations include land acquisitions, project development, construction, leasing and long-term asset management. Its business is closely tied to urbanisation, infrastructure development, demand for office space, housing affordability, and interest rate movements.

DLF share price on NSE and BSE reflects how market participants respond to property demand, leasing activity, construction cycles, regulatory changes, and financial performance. Factors such as booking volumes, leasing absorption, project launches, completion timelines, debt levels, and earnings influence DLF share price movements. In the longer run, land monetisation, commercial rental growth, residential demand trends, and regulatory stability shape investor expectations and DLF stock price behaviour.

DLF live share price provides real-time information on last traded price, bid and ask levels, and traded volumes. These indicators show market participation, liquidity, and reaction to quarterly results, leasing updates, policy announcements, and broader real estate sector trends. Continuous monitoring of DLF live price helps in observing short-term volatility and how the stock moves relative to the broader market.

Furthermore, you can monitor the DLF stock price today to check how it performs compared to other listed real estate and infrastructure-linked companies and relevant market indices. This comparison places DLF’s performance within the property sector and in relation to the broader equity market.

DLF Limited Company Fundamentals

 1.  DLF Limited Company Background

DLF was founded in 1946 by Chaudhary Raghvendra Singh and initially focused on the development of 22 urban colonies in Delhi. In 1985, the company expanded into Gurugram, undertaking residential and commercial projects to meet the growing demand for urban housing and office spaces. Over the past seven decades, DLF has grown into India’s largest publicly listed real estate company, with a portfolio that includes residential, commercial, and retail properties across 15 states and 24 cities, reflecting its long-standing presence and scale in the real estate sector. DLF has integrated environmental management practices across its operations, focusing on sustainability in both construction and property management. Initiatives include wastewater treatment systems at key facilities and recycling of construction materials. The company also engages with stakeholders to ensure awareness of environmental responsibilities, reflecting an ongoing emphasis on incorporating sustainable practices within India’s real estate sector.

 2.  DLF Limited Company Product Lines

Residential Real Estate Products

• Ultraluxury and luxury apartment developments such as DLF The Camellias, DLF The Arbour, DLF The Crest, and DLF The Magnolias in Gurgaon, offering highend living environments.

• Premium residential projects including DLF One Midtown in Moti Nagar (Delhi) and DLF Midrise in Sector 77, Gurgaon.

• Plotted residential developments and lowrise independent floors such as DLF Alameda and parcel developments in cities like Panchkula and Siruseri (Chennai).

• Integrated township residences such as DLF Garden City (mixed plots and housing) and similar large communityoriented developments.

• Upcoming and newly launched residential projects spanning multiple urban regions including Gurugram, Delhi, and Chennai, which reflect development across housing types and locations.

Commercial Office and Business Space Products

• GradeA office parks and business districts including DLF Cyber City in Gurugram, a major technology and corporate hub.

• Other commercial campuses such as DLF Cyber Park (Sector 24, Gurgaon) and office developments in key locations.

• IT/SEZ buildings and technology park spaces such as DLF Cybercity Chennai with multiblock commercial campuses.

• Corporate office complexes like One Horizon Center on Golf Course Road, Gurgaon, serving multinational tenants in modern office infrastructure.

Retail and Shopping Space Products

• Premium and luxury retail destinations such as DLF Emporio in Vasant Kunj (New Delhi), featuring global designer brands.

• Large retail malls such as DLF Mall of India in Noida and other retail centres like DLF Promenade, DLF Avenue, and DLF City Centre in Chandigarh.

• Lifestyle and entertainment retail hubs integrated with commercial zones, including DLF CyberHub in Gurugram.

Mixed Use Development Products

• Integrated developments that combine residential, commercial, and retail space in one ecosystem such as DLF Downtown (Gurugram).

• Projects planned to extend both office and retail components along with residential units, reflecting mixed-use strategies.

Other Real Estate Linked Services

• Facility and property management services across developed assets.

• Sustainable development and infrastructure activities linked to project operations and ongoing estate maintenance.

• Hospitality and club facilities such as golf and leisure offerings at properties like DLF Golf and Country Club

 3.  DLF Limited Company Revenue Model

Revenue from Residential Property Sales

• Sales of apartments, villas, independent floors, and plotted developments in urban and suburban locations

• Revenue from bookings of new residential projects across segments from midincome to luxury housing

• Collections from down payments, instalments, and handover receipts tied to project completion

Revenue from Commercial Leasing

• Rental income from Grade A office buildings, business parks, and corporate office complexes

• Lease income from IT/SEZ office space in commercial hubs such as Gurugram and Chennai

• Longterm contractual rentals from multinational and domestic corporate tenants

Revenue from Retail Leasing

• Rental and lease income from retail malls and shopping centres

• Revenue from leasing Highstreet retail outlets and lifestyle destinations

• Income from service charges and common area maintenance fees in retail properties

Revenue from Mixed-use Development Operations

• Sales and lease income from integrated developments that combine residential, office, and retail components

• Fees and rentals from planned mixeduse assets under phased development

Revenue from Property and Facility Management

• Fees from property management services provided for developed assets

• Service charges collected from property occupants for maintenance and operations

Revenue from Land Monetisation and Joint Development Agreements

• Proceeds from monetising land holdings through sale or development partnerships

• Revenue share or upfront fees from joint development agreements with land owners

Revenue from Ancillary Services

• Earnings associated with club memberships, recreation facilities, and hospitalitylinked offerings at certain properties

• Income from signage, advertising rights, and leaselinked ancillary services at commercial and retail estates

Revenue from Construction Contracts

• Income recognised from executing construction and development contracts, including phased receipts tied to milestones

• Contract revenue from thirdparty development and buildtosuit projects

 4.  DLF Limited Geographic Presence

North India

• Delhi (National Capital Region)

• Gurugram (Haryana)

• Noida (Uttar Pradesh)

• Faridabad (Haryana)

• Panchkula (Haryana)

• Chandigarh

West India

• Mumbai (Maharashtra)

• Pune (Maharashtra)

South India

• Chennai (Tamil Nadu)

• Bangalore (Karnataka)

East India

• Kolkata (West Bengal)

Central India

• Indore (Madhya Pradesh)

Other Urban and Emerging Markets

• Jaipur (Rajasthan)

• Lucknow (Uttar Pradesh)

• Hyderabad (Telangana)

• Ahmedabad (Gujarat)

 5.  DLF Limited Leadership 

Some of the key leaders of DLF Limited, as of January 2026 are –

• Aakash Ohri – Joint Managing Director & Chief Business Officer

• Ashok Kumar Tyagi – Managing Director

• C.P. Poonacha – Senior Executive Director & Managing Director, DSPL

• Devinder Singh – Managing Director

• Nalin Garg – Senior Executive Director, Human Resources

• P. Ramakrishnan – Senior Executive Director, Projects

• Sanjay Goenka – Group Executive Director, Commercial & Taxation

• Sriram Khattar – Vice Chairman and Managing Director – DLF Cyber City Developers Limited

• Vineet Kanwar – Group Executive Director, Corporate Affairs

DLF Limited Key Milestones

• 1946 – DLF Limited was founded by Chaudhary Raghvendra Singh in New Delhi, marking the beginning of its real estate activities.

• 1964 – DLF developed 22 urban colonies in Delhi as part of its early residential development efforts.

• 1985 – The company began developing DLF City in Gurugram (then Gurgaon), acquiring significant land that would form the basis of future large-scale projects.

• 1990s – DLF diversified into commercial and retail properties following economic liberalisation, expanding its portfolio beyond residential projects.

• 2003 – Development of DLF Cybercity in Gurugram commenced, establishing one of India’s major business districts.

• 2007 – DLF carried out a large initial public offering (IPO), making it a publicly listed real estate company with one of India’s biggest IPOs at that time.

• 2008 – DLF Emporio, one of India’s first luxury malls, began operations, marking the company’s deeper entry into organised retail.

• 2016 – DLF Mall of India opened, becoming the country’s largest destination retail mall.

• 2017 – GIC Real Estate became a partner in DLF Cyber City Developers Ltd, strengthening institutional collaboration.

• 2023 – DLF reported strong sales momentum with high residential bookings and increased NRI participation in home purchases.

• FY25 (2024-25) – DLF achieved record sales bookings of ₹21,223 crore for the fiscal year, a 44 percent increase year-on-year, driven by demand for premium housing.

• 2025 – DLF re-entered the Mumbai real estate market with its Westpark residential project, selling Phase 1 apartments worth around ₹2,300 crore shortly after launch.

• 2025 – The company recorded exceptionally high sales for its ultra-luxury residential project The Dahlias in Gurugram, with sales value crossing ₹10 billion in a short period.

• 2025 – Kushal Pal Singh, Chairman Emeritus, received the ET Awards for Corporate Excellence Lifetime Achievement Award for his role in shaping Gurugram’s urban development.

DLF Limited Industry Perspective

The Indian real estate sector is one of the largest contributors to the national economy, spanning residential, commercial, logistics, and retail assets. The industry was valued at about USD 482 billion in 2024 and is projected to reach roughly USD 1,184 billion by 2033, implying a CAGR of around 10.5 percent between 2025 and 2033. Growth is supported by rapid urbanisation, rising disposable incomes, infrastructure expansion, and higher foreign direct investment into property assets.Residential real estate remains the largest segment. Housing demand is driven by urban migration, improving mortgage penetration, and government programmes such as the Pradhan Mantri Awas Yojana. Residential sales formed a major share of overall activity in recent years, while prices continued to rise across key cities in 2025 as premium and luxury housing gained momentum.

Commercial real estate is also expanding, especially in Grade-A office space. Industry estimates suggest that commercial leasing and values could grow at a CAGR exceeding 20 percent through the late 2020s, led by IT and ITeS firms, multinational companies, and the expansion of Global Capability Centres.The logistics and industrial segment, including warehousing and 3PL infrastructure, has seen strong absorption, supported by e-commerce growth and supply chain modernisation. Record leasing in 2025 points to sustained demand.

DLF Limited Stock Market Presence: Listings & Index Representation

DLF Limited listed on the Bombay StockExchange and the National StockExchange in 2007 following its public offering and entry into public markets. Since then, the company has remained one of the most actively tracked real estate stocks in India due to its scale, market capitalisation, and presence across multiple property segments.

DLF is included in key indices such as Nifty Next 50, Nifty 100, Nifty 200, Nifty 500, Nifty Infrastructure, Nifty Realty, Nifty 100 Equal Weight, and Nifty High Beta 50. This index presence reflects the company’s size, liquidity, and relevance within India’s real estate and infrastructure ecosystem.

DLF share price remains closely tracked by retail and institutional investors because the real estate sector reflects broader economic activity, urban expansion, and credit conditions. Listing on NSE and BSE ensures liquidity and transparent price discovery, while index inclusion drives systematic institutional tracking and benchmark-linked participation

DLF Limited Investor Relevance and Portfolio Role

DLF equity is held by a combination of promoter-linked entities, domestic institutional investors, and global funds. Major holders include Rajdhani Investments & Agencies Private Limited, Prem Traders LLP, Mallika Housing Company LLP, Raisina Agencies & Investments Private Limited, Jhandewalan Ancillaries LLP, Invesco Ltd., BlackRock, Inc., SBI Funds Management Limited, ICICI Prudential Asset Management Company Limited, and Singapore-based institutional entities.

Mutual fund and global fund holders include Invesco Global Fund, HSBC India Infrastructure StockMother Fund, ICICI Prudential Bluechip Fund, Vanguard Total International StockETF, Vanguard FTSE Emerging Markets ETF, Nomura India Investment Fund Mother Fund, iShares Core MSCI Emerging Markets ETF, Invesco V.I. Global Fund, HSBC Global Investment Funds – Indian Equity, and JNL/Invesco Global Growth Fund.

DLF is also actively tracked in derivatives markets. Its beta remains higher than the broader market, reflecting the cyclical and sector-sensitive nature of real estate. The long-term beta of around 1.64 and higher weekly and monthly beta readings indicate that DLF’s stocktends to show larger price movements compared to benchmark indices during both expansions and slowdowns

DLF Limited Sectoral Relevance and Peer Positioning

DLF’s sector relevance stems from its scale in residential development, commercial office leasing, land reserves, and long-term rental assets, positioning it as a key large-cap company within India’s listed real estate sector. Peer comparisons with companies such as Godrej Properties, Oberoi Realty, Prestige Group, Brigade Enterprises, and Lodha Group focus on booking volumes, leasing absorption, project execution quality, balance-sheet strength, and regulatory compliance rather than short-term stock movements. These benchmarks help track operational scale, financial discipline, and execution capability across the listed property space.

DLF Limited sectoral importance is also reflected in financial and market metrics that demonstrate its scale, stability, and systemic impact.

DLF P/E ratio reflects how the market values its earnings in relation to future growth visibility and sector risks. The ratio stood around 39.2 in January 2026, higher than in earlier years such as 2018, when it stood near 26.5, reflecting changes in DLF earnings levels and market expectations.

DLF Earnings have grown steadily in recent years, rising from ₹12.75 billion in 2021 to ₹23.18 billion in 2025, reflecting improved operational performance across residential and commercial segments. This earnings growth has supported DLF’s position among the largest real estate companies in India.

DLF market cap of around ₹1.612 trillion in January 2026 reflects its size, scale, and influence within India’s listed property sector. EPS levels have also stabilised at higher levels compared to earlier periods, reflecting improved profitability after earlier years of volatility.

Summary

DLF Limited operates as a major participant in India’s real estate sector, with significant presence across residential, commercial, and retail property development. The DLF share price reflects property demand cycles, leasing trends, regulatory changes, and financial performance. DLF’s stock price history shows clear links to economic conditions and sector cycles. Its index presence, institutional ownership, and financial scale place it among the key listed real estate companies in India.