The real estate giant DLF has a few residential launches planned for Gurugram, Panchkula, Chennai, and Mumbai this financial year, sum up about Rs 20,000 crore.
A high-rise luxury residential building is being built in the centre of Chennai, a mid and high-rise is being built in New Gurugram Sector 76 and 77, and a residential low-rise is being built in Chandigarh Tri-city.
We are planning a few high-rise launches in Gurugram. In which mid-segment and super-luxury projects are anticipated to launch in third and fourth Quarter respectively. Apart from that a mid-segment independent floors project is projected to build in Panchkula.
The Mumbai project is also expected to debut in the fourth quarter. The Chennai project is now in the final design and approval stage and is estimated to be started in the fourth quarter. One tower from One Midtown in Delhi is projected to open in the third or fourth quarter.
When it comes to anticipated sales bookings, “we are retaining the advice of Rs 12,000 crore that we have provided to the market. For the Gurugram launches in the ultra-luxury and mid classes, we anticipate strong demand. We want to earn close to Rs 4,000 crore to 5000 crores, revenue from Gurugram sales bookings, he said.
He claimed that the Mumbai project is still in progress. The most awaited Goa project in Panjim might start the next year. In its recent Gurugram development, the 8,000 crore Arbour project sold out in three days.
The Arbour’s impact spread like wildfire throughout the NCR market. The same projects are now commonly priced at Rs 10 crore per flat. In the second half of this year, DLF will unveil two lavish Gurugram projects for Rs 15,000 crore.
Two projects in Gurgaon, a high-rise luxury residential building in Chennai, a residential low-rise in Chandigarh Tri-city, and an upcoming super-luxury residential project in DLF 5 are among the launches, he said.