DLF promotes Ajay Khanna to executive vice president for pan-India operations
The move gives a senior projects executive a wider remit at the Gurugram developer, at a time when its quarterly sales bookings have been uneven.
Key points
- Ajay Khanna has been promoted from Senior Vice President to Executive Vice President (Pan India) at DLF Limited, according to a report dated 30 October 2026.
- Khanna joined DLF in July 2022 as Senior Vice President – Projects (Pan India) and led project operations across the commercial and retail portfolio.
- DLF says it has developed more than 185 projects covering over 352 million sq ft, and holds a commercial rental portfolio of around 50 million sq ft.
- Q1 FY27 sales bookings fell 94% to ₹657 crore, which was attributed to deferred launches; the Aureva project later sold out for ₹1,985 crore.
DLF Limited has promoted Ajay Khanna from Senior Vice President to Executive Vice President (Pan India), a report dated 30 October 2026 said. Khanna announced the move in a LinkedIn post. DLF is headquartered in Gurugram and is listed on the BSE (532868) and the NSE (DLF).
What the new role covers
Khanna joined DLF in July 2022 as Senior Vice President – Projects (Pan India). In that role he led project operations across the company's commercial and retail portfolio. His remit included strategic planning, capital allocation, governance and the execution of large capital improvement programmes. The new title extends that responsibility to the executive level with the same pan-India scope.
Before joining DLF, Khanna spent over four years with Shapoorji Pallonji Mideast LLC, from June 2018 to June 2022, as Project Director. There he led the delivery of the US$160 million Vida Hotel & Residences at Dubai Marina for Emaar Properties. Earlier, he was Senior Construction Manager at Arabtec Construction from July 2007 to March 2012, working on high-rise residential, hospitality and mixed-use projects in Dubai.
Where DLF stands
DLF Limited, formerly Delhi Land & Finance, is an Indian commercial real estate developer. The company says it has developed more than 185 projects covering over 352 million sq ft. It has about 275 million sq ft of development potential across residential and commercial segments, including projects under execution. Its commercial rental portfolio is around 50 million sq ft across offices and malls.
Sales have been uneven this year. DLF's Q1 sales bookings fell 94% to ₹657 crore on 3 August 2026, a decline the reports tied to deferred launches. Since then, the Aureva senior-citizen project in Gurugram sold out for ₹1,985 crore, reported on 4 October 2026. On 17 October 2026, the company was reported to have acquired 7.5 acres in Gurugram for a luxury housing expansion. The company has also said all 416 residential units across four towers sold out in less than a week, generating bookings of more than ₹2,300 crore.
On the management side, Rajiv Singh is Chairman, and Ashok Kumar Tyagi and Devinder Singh are Managing Directors, according to the company's investor page. Badal Bagri has been Group CFO since 6 December 2024.
What investors will watch
A title change does not by itself alter the company's sales or cost base, and no change in pay or reporting lines was disclosed. The more useful markers are whether the launches deferred in the first quarter reach the market, and how bookings in the next quarterly results compare with the sharp fall in Q1. Investors will also look for any statement from the company on how the pan-India projects role will be run at the executive level.
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