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Within 3 Days, DLF Sells 1,137 Flats In Gurugram For More Than Rs 8,000 Cr
In a regulatory filing, DLF informed that it has “witnessed record-breaking pre-formal launch sales of Rs 8,000-plus crores for its luxury high-rise residences, The Arbour”
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DLF said on Thursday that it had sold 1,137 luxury apartments priced at Rs 7 crore and above in its Gurugram housing project for more than Rs 8,000 crore in three days, indicating a strong demand for premium flats across major cities.
In a regulatory filing, DLF informed that it has “witnessed record-breaking pre-formal launch sales of Rs 8,000-plus crores for its luxury high-rise residences, The Arbour.”
In this 25-acre project, DLF will construct 1,137 four-bedroom apartments spread across five towers (38-39 storeys).
Golf Course Extension Road, Sector-63 Gurugram is where the project is located. The company claimed that the project was fully sold out within three days of its launch.
“Our latest luxury offering, 'The Arbour,' has received a phenomenal response even before it was launched,” said Aakash Ohri, Group Executive Director and Chief Business Officer, DLF.
He believes that the interest shown by discerning homebuyers in the country and abroad is an endorsement of the highly aspirational DLF lifestyle.
“It could be a new benchmark in the luxury real estate market. Significantly, over 95 per cent of buyers are individuals who purchased The Arbour for their own use,” DLF stated.
DLF announced in January that it will launch this project with an estimated sales revenue of Rs 7,500 crore. “Demand for real estate at all price points is very strong, particularly for products offered by reputable developers,” Ohri stated.
DLF, the country's largest real estate firm by market capitalisation, increased sales bookings by 45 per cent to Rs 6,599 crore during the April-December fiscal period.
DLF's sales bookings were Rs 4,544 crore in the previous year. This fiscal, DLF has launched residential projects in Delhi, Gurugram, Panchkula and Chennai.
DLF operates in two segments: development and rental, and has developed over 153 real estate projects totalling more than 330 million square feet.
Group has 215 million square feet of residential and commercial development potential.
DLF Cyber City Developers (DCCDL), a joint venture firm between DLF and Singapore sovereign wealth fund GIC, owns the majority of rent-yielding commercial assets. DLF owns nearly 67 per cent of the joint venture.