DLF expects Rs 26,000 cr from super luxury project in Gurugram

30 Oct 2024 CW Team

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties.

The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significant interest following its pre-launch phase, which began earlier this month. The project has received the necessary RERA (Real Estate Regulatory Authority) approval, allowing DLF to move forward with marketing and sales activities.

Tyagi emphasized that the revenue expectations are based on current pre-launch pricing, which may further escalate as market demand continues to rise. The company's proactive approach to meeting sales targets is evident in its strong launch pipeline planned for the second half of the fiscal year, which aims to reach a sales guidance of Rs 17,000 crore.

The project not only reflects DLF’s commitment to high-quality developments but also responds to the growing demand for luxury housing in the region. The company remains confident about its ability to navigate market dynamics effectively and capitalize on the increasing interest in luxury properties.

As DLF progresses with The Dahlias, it underscores its role as a key player in the luxury real estate market in India, with aspirations to redefine modern living through premium offerings that cater to discerning buyers.

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