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Leading real estate developer DLF Ltd. has revealed plans to build an ultra-luxury apartment complex on Gurugram’s Golf Course Road.
With a projected income potential of around Rs 25,000 crore, the project, which spans more than 17 acres in DLF Phase-5, is anticipated to include more than 400 units.
In an interview with PTI, Aakash Ohri, Joint Managing Director of DLF Home Developers, a division of DLF Ltd, provided project specifics.
DLF Is Redefining Luxury Living In Gurgaon
Speaking on the importance of the super luxury residential segment to DLF, Ohri said, “Super luxury residential segment is an important business for us.”
Subsequent to the triumph of ‘The Camellias,’ the forthcoming undertaking would comprise around 420 residences, each measuring between 9,500 and 15,000 square feet and providing unmatched opulence.
DLF Strategic Approach For This New Project
For the project, DLF intends to use a staged approach, with construction scheduled to start in the current fiscal year. According to Ohri, “We will not be compromising on the price point and also the quality of customers.”
The goal of the company is to sell the homes gradually so that the rollout may be steady and managed. With that announcement, DLF become the most successful new launch company in Gurgaon.
DLF Aims To Meet He Robust Growth And Housing Demand
There is still a significant market for upscale real estate, particularly for well-known labels like DLF. Ohri stated that it is confident in the market and that it has set a target of 15% growth in sales bookings for the current fiscal year, or Rs 17,000 crore. DLF intends to start a number of opulent home developments in Mumbai, Goa, and Gurugram.
DLF Financial Results And Future Prospects
In the quarter that concluded in March, DLF recorded a 62% rise in its consolidated net profit to Rs 920.71 crore, with total income reaching Rs 2,316.70 crore.
The company’s net profit for the 2023–24 fiscal year climbed to Rs 2,727.09 crore from Rs 2,035.83 crore the year before, while total income jumped to Rs 6,958.34 crore from Rs 6,012.14 crore.
Know All About DLF Upcoming Projects In Gurgaon
With a history of creating more than 158 real estate projects totaling more than 340 million square feet, DLF is the largest real estate company in the nation by market value.
The business has approximately 44 million square feet of annuity portfolio with an annual rental revenue above Rs 4,000 crore, and 215 million square feet of future development potential across residential and commercial segments.
DLF’s latest high-end residential development in Gurugram is a prime example of the company’s dedication to providing outstanding living environments and profiting from the robust demand in the premium real estate sector.
Source- ET
