DLF, a major player in India’s real estate sector, plans to invest around ₹8,000 crore to develop an ultra-luxury housing project in Gurugram. This investment responds to the strong demand for premium homes in the region.
Overview of DLF’s ultra-luxury housing project ‘The Dahlias’
Last month, DLF pre-launched its ambitious 17-acre project, ‘The Dahlias,’ at DLF 5 in Gurugram. After securing all necessary regulatory approvals, the project received positive feedback from potential customers. This strong interest indicates a robust market for high-end residential offerings.
Investment breakdown: ₹8,000 crore for premium residential development
DLF plans to allocate approximately ₹8,000 crore over the next 4-5 years for this ultra-luxury project. It will include nearly 50 lakh square feet of residential area. Furthermore, the development will feature around 420 apartments. This marks the company’s second offering in the ultra-luxury segment after the successful launch of ‘The Camellias.’
Expected revenue and construction details for DLF’s premium homes
In a recent conference call, DLF’s Managing Director, Ashok Tyagi, shared the company’s revenue expectations. He stated that DLF anticipates generating ₹26,000 crore from ‘The Dahlias’ based on current pre-launch pricing. The minimum apartment size is set at an impressive 10,300 square feet. This ensures a spacious living experience for residents.
High construction costs reflecting quality and luxury
Tyagi elaborated on the construction costs, which will be high at approximately ₹18,000 per square foot. This increase results from investments in superior infrastructure, an artificial lake, and a 4 lakh square feet club. Currently, the selling price is projected at around ₹1 lakh per square foot of carpet area.
DLF’s commitment to quality living in luxury housing
Aakash Ohri, Joint Managing Director of DLF Home Developers, emphasized that ‘The Dahlias’ would surpass previous projects. He believes it will position itself among the finest luxury properties worldwide. Ohri expressed confidence in replicating the success of ‘The Camellias,’ which generated around ₹12,500 crore against an initial estimate of ₹7,000 crore.
Future outlook for DLF and its expansion plans in luxury real estate
With the launch of this high-value project, DLF is optimistic about achieving its sales guidance of ₹17,000 crore for the fiscal year. Additionally, the company is preparing to launch more projects in Mumbai and Goa. This strategy further solidifies its presence in the premium housing market.
Strong performance and growth in DLF’s sales bookings for luxury properties
DLF reported a remarkable 66% increase in sales bookings, totaling ₹7,094 crore in the first half of the fiscal year. This growth stems from a surge in demand for housing. Despite a temporary decline in the second quarter, the overall outlook for the residential segment remains strong. The company maintains a steady performance trajectory.
DLF’s leadership in India’s real estate market
As the largest real estate firm by market capitalization in India, DLF continues to develop and sell residential properties. The company also expands its commercial and retail segments. With a commitment to quality and luxury, DLF aims to set new benchmarks in the real estate market.
