DLF is the largest publicly listed real estate company in India, with residential, commercial, and retail properties in 15 states and 24 cities. Real estate being the largest hit sector in pandemic and after Covid-19 easing the sector is picking up especially in the mid segment. DLF is betting big in mid segment in medium term. Also, the lack of competition in its residential business in the home National Capital Region (NCR) market will act as a driver. We expect the out performance of the company to continue for the upcoming quarters.