DLF Launches Luxury Project in Gurugram

17 May 2024 CW Team

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the strong demand for premium residential properties in Gurugram, driven by both domestic buyers and Non-Resident Indians (NRIs).

Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd, attributed the rapid sellout to the project's strategic location and world-class amenities. Situated near key city hubs and major roads like NH-48 and the Dwarka Expressway, the project promises excellent connectivity and convenience.

DLF has a storied history of creating luxury residential spaces, with over 158 completed projects covering more than 340 million square feet. The company continues to lead the market with innovative and high-demand housing solutions. The success of DLF Privana underscores the robustness of India's luxury real estate market, particularly in post-pandemic times, where there is a marked increase in the aspiration for high-quality homeownership.

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