There is no dearth of money people in India. There is a lot of money in the market. This is indicated by the sale of all 795 flats worth Rs 5,590 crore in a new project in Gurugram within just three days. In fact, DLF, a major company in the real estate sector, made so many sales on the basis of strong consumer demand. The company informed the stock exchange on Thursday that the project ‘DLF Privana West’ achieved significant sales worth about Rs 5,590 crore within three days. According to language news, this new project is spread over 12.57 acres and has 795 flats. The cost of a flat is around Rs 7 crore.
High demand for ultra-luxury houses
According to the news, in January this year, the company had also sold 1,113 luxury apartments of its project ‘DLF Privana South’ in Gurugram for Rs 7,200 crore within three days of its launch. That project was spread over 25 acres. Both ‘DLF Privana West’ and ‘DLF Privana South’ are part of the 116-acre township ‘DLF Privana’ located in Sector 76 and 77 in Gurugram, Haryana.
According to sources, DLF received expressions of interest (EOI) from around 1,550 and 1,600 customers, which is almost double the total units being offered in this new project. This reflects the high demand for ultra-luxury homes.
Many flats in the project have been purchased by NRIs.
Akash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Limited, said that after the tremendous success of DLF Privana’s project ‘DLF Privana South’, ‘DLF Privana West’ has received an overwhelming response. He said that many flats in this new project have been purchased by Non-Resident Indians (NRIs).
In March last year, DLF had sold 1,137 luxury apartments priced at Rs 7 crore and above in its residential project in Gurugram in three days for over Rs 8,000 crore. The Gurugram residential market has witnessed a significant increase in demand for residential properties, leading to a sharp rise in prices. Despite the huge increase in prices, the demand is still there.
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