new delhi realty major dlf has kept the new sales bookings target for this financial year at last years level of about rs 4000 crore as the company feels that it would take at least 12 months for housing sales to improve the countrys largest real estate firm achieved gross sales bookings of rs 3850 crore in 201415 fiscal down 5 per cent from rs 4070 crore achieved in the previous year in a conference call with analysts dlf executive director finance saurabh chawla said that the sales bookings target for 201516 fiscal is rs 35004000 crore the company had given the same guidance for last fiscal as well on sales outlook dlf said in a presentation that it would take at least 12 months for the sales momentum to begin improving the key factor would be in general reduced interest rates and gdp growth and in specific demandsupply conditions in micro markets the sales volume in most geographies shall continue at a diminished pace similar to fy14 and fy15 it added the real estate sector is facing huge slowdown especially in housing sales from last few years due to high property prices as well as interest rates dlf however said that actual users continue to purchase into projects which are unique due to both location and product attributes projects which have better visibility from construction run rate will have higher customer interest it added notwithstanding muted sales momentum dlf plans to launch next phases of its existing projects including capital greens in the national capital dlf said that since the normal sales momentum is still some quarters away the company is in a dialogue with few private equity pe players for part cash out in some marquee projects and mitigate cycles before launching in fy16 earlier this year dlf had announced plans to raise about rs 3000 crore as private equity at project level last week dlf reported 16 per cent fall in consolidated net profit at rs 54024 crore in 201415 from rs 64621 crore in the previous year income from operations fell by 8 per cent to rs 764873 crore from rs 829804 crore in 201314