DLF has a few residential launches scheduled for Gurugram, Panchkula, Chennai, and Mumbai totaling approximately Rs 20,000 crore.
A high-rise luxury residential structure is being constructed in the heart of Chennai, a mid and high-rise in New Gurugram Sectors 76 and 77, and a residential low-rise in Chandigarh Tri-city.
In Gurugram, we intend to launch a few high-rise buildings. Mid-segment and super-luxury projects are expected to debut in the third and fourth quarters, respectively. In addition, a mid-segment independent floors project is planned for Panchkula.
The Mumbai project is slated to open in the fourth quarter as well. The Chennai project is now in the final stages of design and approval, and it is expected to begin in the fourth quarter. One Midtown tower in Delhi is expected to open in the third or fourth quarter.
When it comes to anticipated sales bookings, “we are sticking to the Rs 12,000 crore advice that we gave the market.” We anticipate significant demand for the Gurugram launches in the ultra-luxury and mid-class segments. We want to earn between Rs 4,000 and Rs 5000 crores in revenue from Gurugram sales bookings, he said.
He stated that the Mumbai project is still ongoing. The long-awaited Goa project in Panjim could begin next year. Arbour, the company’s most recent Gurugram development, sold out in three days.
The Arbour’s influence quickly spread throughout the NCR market. The same developments are now frequently priced at Rs 10 crore per flat. DLF would launch two extravagant Gurugram projects for Rs 15,000 crore in the second part of this year.
Among the debuts are two projects in Gurgaon, a high-rise luxury residential complex in Chennai, a residential low-rise in Chandigarh Tri-city, and an anticipated super-luxury residential project in DLF 5.
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