DLF tops IndexTap’s latest HPL rankings

According to the latest Homebuyer Premier League (HPL) rankings released by IndexTap, real estate major DLF Ltd has secured the top spot among the best-selling residential projects in Mumbai, despite being a new entrant to the western market. 

The HPL rankings measure the primary sales performance of projects and rank them on the basis of total sales value and units sold. 

DLF’s project has secured the top spot with a clear lead, indicating the project’s sustained market acceptance and absorption in a competitive market, the company said.

According to the rankings, DLF The Westpark in Andheri West project has been identified as the top-selling project in the city, registering sales of ₹1,894 crore and 336 units sold.

The Westpark is also DLF’s first residential project in Mumbai and the inventory was absorbed in a matter of a few days of its launch, despite a highly competitive real estate market in Mumbai.

As per an investor presentation, DLF has a large revenue pipeline that remains unaccounted for, with over ₹55,000 crore pending from accumulated sales bookings as of the December quarter, based on the latest investor presentation. 

The company has reported total sales of ₹79,885 crore from its existing projects, of which ₹24,460 crore has been accounted for so far, leaving ₹55,425 crore to be accounted for in future reporting periods as construction milestones are met.

 The developer mainly operates in the Delhi-NCR, Mumbai, and Tri-city segments, where sales are accounted for on a completion or percentage-of-completion accounting treatment.

In terms of operations, as reported in Q3 FY26 the company remains on a stable financial performance trajectory despite lower sales bookings, owing to lower new supply. 

In the first nine months of the fiscal year, sales bookings were at ₹16,176 crore, with a full-year guidance of ₹20,000-₹22,000 crore, after a record-breaking ₹21,223 crore in FY25, driven by luxury segment launches. 

Profitability also remained strong, with consolidated net profit increasing 14% year-over-year to ₹1,203 crore in the December quarter.