+
DLF Anticipates Rs 260 Bn from Gurugram Super Luxury Project, MD Says
Real Estate

DLF Anticipates Rs 260 Bn from Gurugram Super Luxury Project, MD Says

Realty major DLF anticipates generating Rs 260 billion in revenue from its new super-luxury project in Gurugram at the current selling price, with the potential for sales figures to increase due to high demand, as stated by its Managing Director, Ashok Tyagi.

DLF has pre-launched its 17-acre super-luxury housing project, The Dahlias, located at DLF 5 in Gurugram, and has received a positive response from customers. The project secured RERA approval at the beginning of the month.

The company plans to develop approximately 420 ultra-luxury apartments in this project, with the minimum size of an apartment being 10,300 square feet.

During a conference call with market analysts, DLF's MD, Tyagi, conveyed that the company expects to achieve Rs 260 billion in revenue from this super-luxury project. He explained that the revenue figure filed with RERA is based on the pre-launch price and indicated that these numbers would likely increase as prices rise.

Tyagi expressed confidence that the company would meet its sales guidance of Rs 170 billion for the fiscal year, supported by a robust launch pipeline in the latter half of the year.

In addition to the Gurugram super-luxury project, Tyagi mentioned that the company aims to launch another housing project in Gurugram by March, with plans to initiate projects in Mumbai and Goa around the same time.

Regarding the super-luxury project, Tyagi elaborated that the construction costs would be significantly high, estimated at approximately Rs 18,000 per square foot, due to expenses related to infrastructure, an artificial lake, and a 4 lakh square feet club.

Realty major DLF anticipates generating Rs 260 billion in revenue from its new super-luxury project in Gurugram at the current selling price, with the potential for sales figures to increase due to high demand, as stated by its Managing Director, Ashok Tyagi. DLF has pre-launched its 17-acre super-luxury housing project, The Dahlias, located at DLF 5 in Gurugram, and has received a positive response from customers. The project secured RERA approval at the beginning of the month. The company plans to develop approximately 420 ultra-luxury apartments in this project, with the minimum size of an apartment being 10,300 square feet. During a conference call with market analysts, DLF's MD, Tyagi, conveyed that the company expects to achieve Rs 260 billion in revenue from this super-luxury project. He explained that the revenue figure filed with RERA is based on the pre-launch price and indicated that these numbers would likely increase as prices rise. Tyagi expressed confidence that the company would meet its sales guidance of Rs 170 billion for the fiscal year, supported by a robust launch pipeline in the latter half of the year. In addition to the Gurugram super-luxury project, Tyagi mentioned that the company aims to launch another housing project in Gurugram by March, with plans to initiate projects in Mumbai and Goa around the same time. Regarding the super-luxury project, Tyagi elaborated that the construction costs would be significantly high, estimated at approximately Rs 18,000 per square foot, due to expenses related to infrastructure, an artificial lake, and a 4 lakh square feet club.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?