Real estate giant DLF anticipates significant earnings from its latest super-luxury project in Gurgaon. According to Managing Director Ashok Tyagi, DLF expects to generate around Rs 26,000 crore in revenue from this premium development, which could increase further due to rising demand.
Pre-Launch of DLF’s Luxury Project in Gurgaon
DLF has introduced a new 17-acre luxury residential project, known as “The Dahlias,” in the upscale DLF 5 area of Gurgaon. This project, which recently received RERA approval, has already attracted significant attention from potential buyers. The development will feature approximately 420 exclusive apartments, each spanning a minimum of 10,300 square feet.
High Revenue Potential of DLF in Gurgaon
During a call with market analysts, DLF’s MD Tyagi discussed the expected revenue from “The Dahlias” project, stating it could reach Rs 26,000 crore based on pre-launch prices. He highlighted that this figure might grow as property prices continue to rise. DLF is confident it will meet its goal of Rs 17,000 crore in sales for this fiscal year, with more project launches planned in Gurgaon and other cities like Mumbai and Goa.
Premium Features in DLF’s Gurgaon Project
DLF in Gurgaon has planned premium amenities for this development, including a high construction cost of Rs 18,000 per square foot. The project will boast exclusive facilities like an artificial lake and a spacious 4 lakh square foot club. Currently, the selling price for these luxury units is around Rs 1 lakh per square foot.
Comparisons with Previous Projects by DLF in Gurgaon
Aakash Ohri, Joint Managing Director of DLF Home Developers, stated that “The Dahlias” would surpass DLF’s earlier luxury projects, such as “The Camellias,” which witnessed secondary market sales of over Rs 100 crore for a single unit. According to Ohri, “The Dahlias” sets a new benchmark in luxury living, making it one of the most prestigious properties available globally.
Impressive Sales Performance for DLF in Gurgaon
DLF in Gurgaon has recorded a 66% increase in its sales bookings, reaching Rs 7,094 crore in the first half of the fiscal year due to strong housing demand. This marks a significant growth compared to Rs 4,268 crore in the same period last year. The increase is primarily due to robust sales in the first quarter, despite a slight decline in the second quarter due to delays in approvals for new projects.
Outlook for the Residential Market
DLF remains optimistic about the residential market, particularly for its projects in Gurgaon. The company’s housing division continues to perform well, reflecting strong demand for quality homes. DLF has set a sales target of Rs 17,000 crore for this fiscal year, with continued focus on luxury and premium properties.
DLF’s Financial Growth and Expansion Plans
DLF in Gurgaon and across India has witnessed a significant rise in profits and income. In the second quarter of the fiscal year, DLF’s net profit more than doubled to Rs 1,381.08 crore, while total income grew by 48% to Rs 2,180.83 crore. Over the past six months, DLF’s income and profits have seen substantial growth, driven by high demand and a strong market presence.
A Legacy of Development by DLF in Gurgaon
DLF has a history of developing over 178 projects, covering 349 million square feet. Currently, the company has a potential of 220 million square feet in development across residential and commercial sectors, including a 44 million square feet portfolio dedicated to leased properties.
Conclusion
DLF in Gurgaon is setting new standards in luxury real estate with “The Dahlias,” targeting record-breaking revenue from this ambitious project. With multiple launches in the pipeline and a growing reputation, DLF is well-positioned to meet its financial goals and reinforce its leadership in India’s real estate market.
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