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Major real estate company DLF have sold all 800 of the apartments in the “Privana West” project at DLF 6 in Sector 76, Gurugram, in less than a week after it was introduced. For the business, the initiative has proven to be a significant source of income.
Privana West, which debuted on May 1, offered 800 units for sale in two sizes: 3,500 square feet and 4,500 square feet, with prices beginning at ₹6.5 crore. Sources believe that the transactions have generated about ₹5,000 crore.
DLF Privana West Is Spread Across 12.6 Acres Of Prime Land
The project, which spans 12.6 acres, was priced at ₹19,500 per square foot, all-inclusive, according to the business.
All 800 of the company’s units are reportedly sold out. According to sources, the business is expected to record new sales bookings of between ₹5,000 and ₹6,500 crore, which would be reflected in Q1 of FY25.
The business introduced 1,113 units in Privana South during the past six months, to great reaction from investors and end users. As a result, the project generated fresh sales bookings of ₹7,200 crore in Q3 of FY24.
DLF Privana South And West Concludes 78.4 Acres Of Land
With the opening of Privana South and West, DLF now owns 78.4 acres of land in the Gurugram sectors 76 and 77, adding to its existing holdings of over 116 acres.
It is notable that the current launch’s project size is half that of the previous launch’s. However, in comparison to the project that was previously sold in the area, the corporation provided these additional 800 flats at a higher price.
According to experts, the company’s early delivery is the reason for the price hike. Thoughts are still being given to whether the market in that area can support such prices in the future.
Source-ET
