Introduction to DLF’s New Luxury Project in Gurgaon
DLF Ltd., a leading real estate company in India, is set to invest around Rs 8,000 crore in its latest luxury project, ‘The Dahlias,’ located in DLF Gurgaon. This ultra-premium development, aimed at high-net-worth individuals, will feature 420 high-end apartments along with top-tier amenities like a grand clubhouse and a man-made lake. Through this project, DLF anticipates generating revenue of approximately Rs 26,000 crore.
High Investment and Revenue Projections
The massive Rs 8,000 crore investment will be spread over the next 4-5 years, with ‘The Dahlias’ spanning a 17-acre area in DLF Gurgaon. According to DLF’s Managing Director, Ashok Tyagi, revenue projections have already reached Rs 26,000 crore based on current pre-launch pricing, which could increase as property values continue to rise.
Key Features of ‘The Dahlias’
The Dahlias in DLF Gurgaon offer exclusive luxury amenities, setting a new standard in premium housing. The project will include an artificial lake, a 4 lakh square-foot clubhouse, and other high-end facilities. Construction costs are estimated at around Rs 18,000 per square foot. Apartments start at a spacious 10,300 square feet, priced at approximately Rs 1 lakh per square foot. This project builds on the success of DLF’s previous luxury venture, ‘The Camellias,’ which achieved Rs 12,500 crore in revenue, surpassing its original estimate.
Aiming for a New Benchmark in Luxury Living
DLF Home Developers’ Joint Managing Director, Aakash Ohri, expressed his satisfaction with the market’s positive response to ‘The Dahlias.’ He shared that the company aims to establish a global standard for luxury living in DLF Gurgaon through this new project. The expansive layout and luxurious amenities are designed to appeal to buyers looking for an exclusive lifestyle experience.
DLF’s Recent Performance and Future Goals
DLF has reported significant growth in its sales bookings, totaling Rs 7,094 crore in the first half of this fiscal year—a 66% increase from the previous year. Despite some setbacks in the second quarter due to project approval delays, DLF remains confident in the residential sector’s outlook. The company is planning new projects in Mumbai and Goa, further expanding its portfolio beyond DLF Gurgaon.
Strong Demand in the Premium Housing Market
Even with recent fluctuations in sales, DLF is optimistic about the ongoing demand for premium housing, particularly in areas like DLF Gurgaon. The company has set a sales target of Rs 17,000 crore for this fiscal year, demonstrating its commitment to meeting the high demand for quality residential spaces.
Conclusion
With ‘The Dahlias,’ DLF Gurgaon is positioning itself as a premier destination for ultra-luxury living, offering an unparalleled blend of space, amenities, and design. The project reflects DLF’s commitment to creating world-class residential spaces, catering to the growing demand among high-net-worth buyers. As the project unfolds, it’s clear that DLF Gurgaon will continue to attract attention in the premium real estate market.
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