The group said it expects a sales realisation of approximately Rs 7,500 crore from the project wherein the investment would be done via self-funding, bank financing and customer advances for bookings.
The project, that will have 2,372 luxury apartments, has a revenue potential of Rs 7,500 crore approximately. The ticket price of smallest apartment will be approximately Rs 3 crore while the largest ultra-luxury apartment is likely to cost around Rs 12 crore approximately.
The company said that it has secured RERA registration for the housing project and expects to generate a topline of Rs 1,800 crore from the sale of 248 luxury apartments in the high-rise project.
Spread across about 25 acres in Sectors 76 and 77, Gurugram, the luxury residential offering by DLF was sold out within 72 hours in its pre-launch phase
DLF Ltd, India’s largest listed real estate company, said it has sold the entire 1,113 high-end luxury residential units of its latest project DLF Privana South in Gurugram ahead of its official launch.