Realty major DLF Ltd plans to launch a luxury housing project in Gurugram with an estimated sales revenue of around Rs 7,500 crore as it seeks to tap strong demand for high-end apartments.
The company plans to develop around 1,100 apartments in this residential project. DLF Group Executive Director and Chief Business Officer Aakash Ohri says, “We are planning to launch a premium residential project in Sector 63, Gurugram. The estimated sales realisation of this project will be around Rs 7,500 crore,” he added.
“Demand for real estate across various price points is very strong, especially for products offered by trusted developers,” Ohri said.
DLF, the country’s largest real estate firm in terms of market capitalisation, achieved a 45 per cent growth in sales bookings to Rs 6,599 crore in the April-December period of this fiscal and is on track to achieve its annual sales guidance of Rs 8,000 crore. DLF’s sales bookings stood at Rs 4,544 crore in the year-ago period.
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