As India's real estate giant DLF Ltd. goes public the second time around in recent times, it is preparing to cut down on land-buying deals by 54% to Rs. 3000 crore. DLF has invested heavily in land banks in the past to sustain planned projects for the next 10 years and still maintain a competitive advantage.

DLF owns development rights over 10,255 acres of land, in 26 cities in India as per the share sale document of the company.

The company put in a power packed performance last year, registering a ten-fold increase in profits over 2006 as on March 31, 2007. DLF's profits touched Rs. 1,940 crore in 2006-2007, as against Rs. 192 crore last year.

Sales surpassed the previous year's figure also to touch Rs. 4,034 crore from Rs. 1,242 crore in March 31, 2006 DLF’s market value will shoot past Unitech, its closest rival by more than double after the IPO.

Developers are benchmarked on their net asset value, and DLF’s market value would touch Rs.98, 400 crore after the public offer.

India’s largest real estate company is owned by K.P.Singh, whose fortunes will also multiply after the IPO, perhaps making him the richest Indian in India.

The company he owns has played a crucial role in developing the millennium city of Gurgaon . 51% of DLF’s land reserves fall within the NCR region.

Unitech has also recorded a handsome income of Rs. 1,300 crore in 2006-07 as against Rs. 955 crore last year and is rewarding its investors with a 1:1 bonus issue this year.

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