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DLF plans to launch a new ultra-luxury project with 1,100 housing units on Golf Course Extension Road in Gurgaon. It has an estimated revenue potential of Rs 8,000 crore in the future. The official launch is scheduled for the next week.
After a decade, DLF will launch a high-rise condominium. Crest and Camellias were their most recent projects in Gurgaon. DLF Limited has been focusing on making money with the low-rise independent floors in DLF City, New Gurgaon, and Panchkula.
According to the sources, the project is called Arbour and is located in sector 63, Gurgaon. The project is 25.8 acres and consists of only five towers with 39 floors above the ground.
According to the developers, these apartments are priced at Rs 18,000 per square foot and are 3,900 square feet in size.
Buyers can choose between three parking spaces per apartment, each with an electric vehicle charging station. According to sources, the clubhouse spans 1 lakh square feet.
The company is expected to launch 25% of its inventory in the first phase and generate sales close to Rs 2,000 crore, as stated in the company’s post-results call with investors. The remaining phases will be launched in stages, with significant price increases.
According to sources, the company will launch a high-rise condominium after a long time, and it is expected that the pricing strategy for this project will have a positive impact on existing and upcoming projects in the area, and completed inventory prices will rise in the near future.
The price of the 4BHK apartments starts at around Rs 7 crore. According to sources, possession is expected by the year 2027.
With the launch of this project, DLF is expected to surpass Rs 9,500 crore in revenue and be on the verge of exceeding Rs 10,000 crore in the financial year 2023. For the nine months ending this financial year, the company has already reported revenue of Rs 6,599 crore.
Source- Moneycontrol
