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.
The real estate sector is in the middle of an upcycle fuelled by demand-supply balance, low inventory, favourable affordability, and gradual price hikes.
The realty firm plans to invest about Rs 300 crore beyond the land cost to develop the ultra-luxury housing project, through its subsidiary ‘Terra Grande’.
DLF Q3 Results: Total income rose to Rs 1644 crore in October-December of 2023-24 from Rs 1559.66 crore in the year-ago period, according to a regulatory filing.
DLF Q3 Results: Total income rose to Rs 1644 crore in October-December of 2023-24 from Rs 1559.66 crore in the year-ago period, according to a regulatory filing.