Nestled within a vast 12.57 acres, “DLF Privana West” is a part of the larger 116-acre “DLF Privana” township situated in Gurugram’s sectors 76 and 77. This accomplishment is similar to that of “DLF Privana South,” another project in January that saw the sale of 1,113 apartments for Rs 7,200 crore in just three days.
A well-known brand in India’s real estate industry, DLF, made news recently when 795 of its opulent apartments from the Gurugram project “DLF Privana West” sold quickly. As per the company’s regulatory statement, the apartments were fully booked within just three days of the project’s launch, resulting in a noteworthy revenue of approximately Rs 5,590 crore.
According to a PTI report, the 116-acre “DLF Privana” township, which is situated in Gurugram’s sectors 76 and 77, includes the sprawling 12.57-acre “DLF Privana West.” This accomplishment is similar to that of “DLF Privana South,” another project in January that saw the sale of 1,113 apartments for Rs 7,200 crore in just three days.
Amidst a wider market decline in which the BSE Sensex fell by more than 500 points, DLF’s shares demonstrated resilience in the stock market by recording slight gains. By mid-morning, the company’s shares, which had started the day at Rs 864.30 apiece, had risen to a high of Rs 871.15.
DLF Home Developers Ltd.’s Chief Business Officer and Joint Managing Director, Aakash Ohri, offered his thoughts on the project’s reception, highlighting in particular the sizeable investment made by non-resident Indians (NRIs).
According to a PTI report, Ohri reiterated DLF’s commitment to creating luxurious living areas that mesh well with natural surroundings and suit the lifestyle goals of contemporary homeowners.
Gurugram’s residential real estate market has been thriving, with prices rising steadily. However, the market’s resilience is demonstrated by the steady demand, highlighting the property offerings’ enduring appeal in the area.
India’s housing market has shown a robust recovery since the pandemic, particularly in its top seven cities, thanks to built-up demand and rising aspirations for property ownership.
According to a PTI report, DLF is a well-known developer, topping the list of companies with the highest market capitalization. With over 158 projects completed and over 340 million square feet developed, the group has an impressive track record.
With a development pipeline of 215 million square feet across multiple sectors and a sizable annuity portfolio exceeding 42 million square feet, DLF is poised to play a significant role in the real estate market going forward.