DLF Gurugram luxury project

DLF’s Rs 8,000 Crore Investment for Super-Luxury Project in Gurugram Aims to Capture Demand Surge

DLF Ltd, a leading name in the real estate sector, is set to invest approximately Rs 8,000 crore over the next 4-5 years in a super-luxury project, The Dahlias, located at DLF 5 in Gurugram. Spread over 17 acres, this project is set to offer nearly 50 lakh square feet of ultra-premium living space, featuring around 420 apartments. DLF aims to cater to the growing demand for high-end residences and further solidify its reputation in the luxury housing market.

After receiving regulatory approvals, DLF’s pre-launch of The Dahlias garnered substantial interest from potential buyers. This project marks DLF’s second ultra-luxury housing venture, following the success of The Camellias, which has seen notable secondary market transactions.

Expected Revenue and Construction Highlights

DLF’s Managing Director Ashok Tyagi revealed in an analyst call that the project is expected to generate approximately Rs 26,000 crore in revenue at the pre-launch price. Tyagi noted, “These numbers are likely to increase as property prices rise.”

• High-End Amenities: This luxury project will feature an artificial lake, a sprawling 4 lakh sq ft clubhouse, and other top-tier facilities.
• High Construction Costs: DLF anticipates a construction cost of Rs 18,000 per square foot, indicative of the premium quality and infrastructure investments.
• Selling Price: Currently, apartments in The Dahlias are valued around Rs 1 lakh per square foot of carpet area, reflecting the high demand for luxury in prime locations.

Positive Market Reception and DLF’s Vision

DLF’s Joint Managing Director, Aakash Ohri, expressed satisfaction with the market’s response, commenting, “Today, luxury buyers are seeking the pinnacle of lifestyle quality, and The Dahlias is our response to that aspiration.” Ohri is optimistic about replicating the success of The Camellias, which exceeded revenue expectations by generating Rs 12,500 crore.

DLF aims to achieve Rs 17,000 crore in total sales for the current fiscal year, supported by a strong pipeline of launches in markets like Mumbai and Goa.

Strong Financial Performance in Q2 FY25

DLF’s financial performance has been robust, with a consolidated net profit more than doubling to Rs 1,381.08 crore in Q2 FY25, up from Rs 622.78 crore in the previous year. The company’s total income for the July-September quarter increased by 48% year-over-year to Rs 2,180.83 crore.

Despite a slowdown in sales bookings in Q2 FY25 due to delayed project approvals, the company maintained strong performance, achieving Rs 7,094 crore in sales bookings in the first half of FY25, a 66% year-over-year increase.

Conclusion:

DLF’s Rs 8,000 crore investment in The Dahlias represents its commitment to the luxury real estate market, as well as its strong outlook on premium property demand. With strategic planning, high-end facilities, and a strong launch schedule, DLF remains a key player in India’s residential and commercial real estate sectors, demonstrating continued financial resilience and growth potential.

FAQs:

1.What is DLF’s new project in Gurugram?

A. DLF’s new project, The Dahlias, is a super-luxury housing development in Gurugram, expected to cover around 50 lakh sq ft.

2.How much is DLF investing in The Dahlias?

A. DLF is investing approximately Rs 8,000 crore in the project over the next 4-5 years.

3.What is the projected revenue from The Dahlias?

A. DLF expects Rs 26,000 crore in revenue from The Dahlias based on current pre-launch prices.

4.How large are the apartments in The Dahlias?

A. Apartments in The Dahlias start at 10,300 sq ft.

5.What luxury amenities does The Dahlias offer?

A. The Dahlias includes an artificial lake, a 4 lakh sq ft clubhouse, and state-of-the-art infrastructure.

6.How did DLF perform financially in Q2 FY25?

A. DLF’s net profit more than doubled to Rs 1,381.08 crore, with a 48% increase in total income.

7.What led to the dip in DLF’s Q2 sales bookings?

A. Delays in regulatory approvals for new launches moderated sales bookings in Q2.

8.What are DLF’s sales targets for FY25?

A. DLF aims to reach Rs 17,000 crore in sales for the fiscal year, supported by upcoming project launches.

9.How did The Camellias perform in comparison to The Dahlias?

A. The Camellias saw secondary market transactions exceeding Rs 100 crore per apartment, and DLF expects The Dahlias to follow a similar trajectory.

10.What is DLF’s position in the Indian real estate market?

A. DLF is India’s largest real estate company by market capitalization and has a diverse portfolio across residential, commercial, and retail sectors.

DLF Gurugram luxury project

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