New Delhi, Jan. 26 -- DLF Ltd's stock closed 4% lower on Friday, also sliding to a new 52-week low of Rs.586.65 during trading hours. The sharp drop in the December quarter (Q3FY26) pre-sales disappointed investors. Pre-sales or bookings slumped over 90% year-on-year and sequentially to Rs.419 crore, hurt by the absence of new launches and reduced inventory in existing projects.

DLF also temporarily halted bookings for its uber-luxury The Dahlias project during the quarter to undertake a redesign aimed at enhancing customer experience.

There were some positives as well. Collections surged 52% year-on-year and 78% sequentially to Rs.4,750 crore, beating analysts' estimates. Construction delays had kept collections muted in H1FY26, but th...