Dear Shareholders,
I begin by extending my deepest gratitude to our Armed Forces, the
unsung heroes who tirelessly ensure our nation's peace and safety. Their unwavering
courage and dedication provide the foundation for our progress and we honour their
sacrifices.
The year 2025 began optimistically, with forecasts of stable global
growth. Under the leadership of Hon'ble Prime Minister Shri Narendra Modi ji, India stands
out as an outlier amid uncertainty, serving as a beacon of economic growth globally. The
country's long-term prospects are bolstered by its growing demographic and economic
fundamentals, coupled with ongoing structural reforms.
In financial year 2024-25, both our Residential and Rental businesses
experienced robust growth, driven by exceptional performance and timely execution. Our new
residential projects, The Dahlias and Privana, received an enthusiastic response. There
was a significant uptick in new sales bookings and we achieved record sales collections.
We have a strong launch pipeline to meet the aspirational needs of the market; we remain
on track to deliver on our outlined goals.
The Rental business comprising of Offices, Retail and Hospitality
continues to grow steadily. We continue to invest in capex for our new build-outs in
Gurugram, Chennai, Delhi and Goa. I am pleased to share that new buildings in Phase I of
Downtown Gurugram and Chennai are completed. Additionally, three retail properties are set
to open to the public in the near future.
As we pursue growth, we continue to remain guided by our core values of
good corporate governance, transparency, compliances, safety, quality and customer
satisfaction. Your Company is steadfast in its commitment to inclusive growth, by
cultivating trust, empathy and a culture of continuous learning. We have strengthened all
teams and built the resilience needed for sustained growth. Our aim is to create
long-term, sustainable value for all stakeholders.
Through DLF Foundation, we remain dedicated to transforming the
communities in which we operate. Our CSR initiatives focus on education, sustainability,
healthcare and animal welfare, create meaningful impact through job creation, skill
development and environmental stewardship, aligning with India's vision for inclusive
growth.
I extend my heartfelt gratitude to my fellow board members for their
support and invaluable guidance. I am most grateful to our customers, tenants, residents
and employees for their unwavering trust and dedication, which has established DLF Group
as a trusted brand and a symbol of excellence in the real estate sector.
Our vision is to create a future where all our stakeholders can
progress with us as we collectively work towards the goal of 'Viksit Bharat' by 2047.
| With best wishes, |
| Sincerely, |
| Rajiv Singh |
| Chairman |