Within three days of its debut, DLF sells all 795 of the opulent apartments in its new Gurugram property for Rs 5,590 crore

Within three days of its debut, DLF sells all 795 of the opulent apartments in its new Gurugram property for Rs 5,590 crore

The business reported the success of its most recent luxury residential project, DLF Privana West, in a regulatory filing, saying that it "achieved a remarkable sellout valued at approximately Rs 5,590 crore, within 3 days." The new complex has 795 flats distributed over 12.57 acres.

Real estate giant DLF said on Thursday that, in response to high customer demand, it has sold all 795 of the apartments in its new luxury housing complex in Gurugram for a total of Rs 5,590 crore in only three days.

The business reported the success of its most recent luxury residential project, DLF Privana West, in a regulatory filing, saying that it "achieved a remarkable sellout valued at approximately Rs 5,590 crore, within 3 days." The new complex has 795 flats distributed over 12.57 acres.

Within three days of the debut of its 25-acre property, "DLF Privana South," the business sold 1,113 premium homes in Gurugram for Rs 7,200 crore in January of this year.

The 116-acre "DLF Privana" township, which is situated in Sectors 76 and 77, includes both "DLF Privana West" and "DLF Privana South."

According to Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd., "DLF Privana West comes out as the next chapter in this story, meticulously designed to cater to recognizing homebuyers' aspirations for spacious, luxurious abodes underneath a vibrant, well-connected community, following the overwhelming success of DLF Privana's inaugural project, DLF Privana South."

In this new complex, he noted, a significant number of the flats had been purchased by NRIs.

"Our aspiration with DLF Privana and its associated initiatives is to emulate the success of DLF Phase 5, by curating an integrated community of luxury residences amidst abundant greenery, fulfilling the most desirable lifestyle requisites."

In only three days in March of last year, DLF sold 1,137 opulent homes in its Gurugram housing project for more than Rs 8,000 crore. The flats were priced at Rs 7 crore and beyond.

The demand for residential homes in the Gurugram property market has grown significantly, pushing up prices. Thus far, demand has persisted in spite of the significant price increase.

Due to pent-up demand and growing expectations for homeownership, India's housing market, which includes the country's top seven largest cities, has been functioning quite well overall since the COVID epidemic.

Based on market capitalization, DLF is the top real estate developer in India.

DLF has created more than 158 real estate projects and more than 340 million square feet of development space.

Future development potential of 215 million square feet is available to the DLF Group in both the residential and commercial divisions.

The firm owns more over 42 million square feet in its annuity portfolio.

The two main business ventures of DLF are the development and leasing of commercial and retail premises (the "Annuity Business"), as well as the development and sale of residential properties (the "Development Business").