HomeBusinessCompaniesDLF's luxury project earns Rs 8,000 Crore; shares surge

DLF’s luxury project earns Rs 8,000 Crore; shares surge

DLF, one of India’s leading real estate developers, has reported a record-breaking pre-sale figure of over Rs 8,000 crore for its luxury project, The Arbour in Gurgaon. The news has caused DLF’s shares to surge, with gains of 3.21 percent from the previous close. The stock also touched an intraday high of Rs 360.65, highlighting the success of the project.

According to an exchange filing, The Arbour has been fully sold out within three days, even before its launch. The luxury neighborhood spans over 25 acres and boasts five towers that rise to 38 or 39 stories. It comprises 1,137 identical 4-bedroom flats, with prices starting from Rs 7 crores onward per unit.

Aakash Ohri, Group Executive Director and Chief Business Officer, DLF, has revealed that over 95 percent of the buyers are individuals who have bought into The Arbour for their end users. This indicates that the project has been a huge success among end-users who value luxury and quality.

In addition to this latest news, DLF’s residential business also delivered a strong performance in the third quarter, posting one of the highest quarterly net sales bookings and reflecting a 24 percent on-year growth.

The success of The Arbour project in Gurgaon is a significant achievement for DLF, as it marks the company’s foray into the micromarket at Golf Course Extension. The project has been designed to provide the ultimate luxury living experience, with world-class amenities and features that cater to the needs of modern-day residents. The 4 BHK flats in The Arbour have been designed to provide maximum comfort, convenience, and luxury, making them an ideal choice for those who seek the best.

DLF has always been committed to delivering quality and excellence in all its projects, and The Arbour is no exception. The project has been designed by a team of expert architects and engineers, who have ensured that every detail is perfect. The project features state-of-the-art facilities, including a swimming pool, gymnasium, jogging track, kids’ play area, and more, making it the perfect destination for families.

The success of The Arbour Project is also indicative of the growing demand for luxury homes in India. With a rising middle class and increasing disposable incomes, more and more people are looking to invest in premium properties that provide them with an upscale lifestyle. This trend is likely to continue, as the demand for luxury homes is expected to grow in the coming years.

DLF’s commitment to excellence and quality has earned it a reputation as one of India’s leading real estate developers. The company has a strong track record of delivering successful projects, and The Arbour is just one of its many success stories. As DLF continues to grow and innovate in the real estate market, it is likely to maintain its position as one of the industry’s top players.

Priyanshi Mishra
Priyanshi Mishra
Priyanshi Mishra is a student of MA in Economics at the University of Lucknow. She has strong communication and content-writing skills.
- Advertisment -

Most Popular

error: