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

28 Oct 2024 CW Team

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.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..