The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief Business Officer Aakash Ohri told PTI
Realty major DLF Ltd plans to launch a luxury housing project in Gurugram next month with an estimated sales revenue of around Rs 7,500 crore as it seeks to tap strong demand for high-end apartments.
The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief Business Officer Aakash Ohri told PTI.
“We are planning to launch next month a premium residential project in Sector 63 Gurugram. The estimated sales realisation of this project will be around Rs 7,500 crore,” he said.
“Demand for real estate across various price points is very strong, especially for products offered by trusted developers,” Ohri said.
DLF, the country’s largest real estate firm in terms of market capitalisation, achieved a 45 per cent growth in sales bookings to Rs 6,599 crore in April-December period of this fiscal and is on track to achieve its annual sales guidance of Rs 8,000 crore.
The focus would remain on strong cash generation and margin accretion by offering quality products at established locations, DLF said.
On the outlook for the residential market, DLF said that the calendar year 2022 registered significant growth in housing demand driven by consumer desire towards home ownership, larger homes across established locations and better affordability.
“Larger homes offering better amenities are expected to be the preferred choice for consumers. Consolidation in favour of larger, credible players should continue.
“Calibrated demand-supply dynamics in the market leading to faster inventory monetisation. Demand momentum remains largely insulated from rising interest rates so far; quality products at established locations should continue to garner healthy interest,” the company noted.
Source : moneycontrol.com / https://www.thehindubusinessline.com/
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