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DLF said that it had sold all 795 flats in Privana West for Rs 5,590 crore, Within three days after the inauguration of its new luxury housing complex in Gurugram.
Very happy on the success of its Gurgaon ultra-luxurious project Aakash Ohri, Joint MD and Chief Business Officer of DLF Home Developers Ltd.
The listed real estate developer DLF Limited, plans to launch The Camellias 2 on Golf Course Road in DLF Phase-5 in Gurugram, with a sales potential of Rs 25,000 crore.
DLF Camellias 2 Project Named ‘Lux 5’ Golf Course Road, Gurgaon
According to Ohri, The Camellias 2, also known as Lux 5, would be a “by invitation property” with extremely luxurious apartments. This indicates that purchasers are limited to purchasing units in this property by invitation, and the developer will verify the buyer’s background before completing the sale.
With a saleable area of almost 5 million square feet, the Camellias 2 project is situated on 17 acres of excellent property in DLF Phase-5.
“We want to introduce The Lux5 or The Camellias 2 in DLF Phase 5 during the third quarter of 2024–2025. There will be about 420 extremely luxurious units in the project.
DLF Camellias 2, The Ultra-Luxurious Residences In Aravalli Hills
We may launch about 50 units in the first phase and some in the second, since we will launch and sell this property in two to three phases, Ohri told.
He stated that compared to The Camellias, where residences start at around 7,000 square feet, this building will provide even more lavish facilities and larger units.
The Camellias 2 will provide residences with views of the Arawali hills and lakes, respectively. It is anticipated that the costs of these ultra-luxurious residences will be somewhat greater than those of The Magnolias and The Camellias,” he stated. Each condo at The Camellias 2 would cost at least Rs 50 crore.
DLF Is Launching 62 Ultra-Luxurious Villas In Goa
In addition, DLF is launching a second “by invitation” property in Goa, where 62 ultra-luxurious villas will be built on a 38-acre hilltop overlooking the Mandavi River in Panjim. The DLF villa project is scheduled to begin construction in August 2024.
“This ticket would cost between Rs 40 crore and Rs 50 crore. The project’s top line is anticipated to be approximately Rs 2,500 crore, Ohri stated.
Within three days after the inauguration of its new luxury housing complex in Gurugram, DLF said last week that it had sold all 795 flats for Rs 5,590 crore.
DLF Consolidated Revenue Increased By 47% In 2023-2024
On May 13, DLF said that their net profit for the quarter that ended on March 31, 2024, increased by 61.5 percent to Rs 921 crore. According to a regulatory statement made by the company, it reported a net profit of Rs 570 crore for the same time last year.
The company’s net profit for the 2023–2024 fiscal year was Rs 2,733 crore, indicating a 33 percent year-over-year increase. In the January-March quarter, DLF’s revenue increased by approximately 47% YoY to Rs 2,135 crore, up from Rs 1,456 crore recorded by the company in Q4FY23.
According to the company, DLF’s consolidated revenue for the whole fiscal year 2023–2024 was Rs 6,958 crore.
Source-ET
