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.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..