Despite the rise in real estate prices, several buyers in India are ready to pay for their dream homes. In the pre-formal launch sale of a luxury residential development worth around Rs 7,200 crore in Gurugram, Indians bought homes in just 72 hours. India’s largest real estate developer, DLF, on Monday, announced the sale of the entire 1,113 luxury flats for Rs 7,200 crore in a project in Gurugram (DLF Prevana South) within three days of its pre-launch on strong demand from end-users and investors including NRIs.
The new project is spread over 25 acres in Sectors 76 and 77 of Gurugram. It consists of 1,113 luxury residences across 7 towers, including 14 penthouses and apartments. Each apartment will be approximately 3,500 square feet in size. Apartments are priced between Rs 6.25-7.5 crores. The penthouses are priced at Rs 11-14 crore each. The new project will be part of a larger development, ‘DLF Privana’ spread across 116 acres. The sale price was Rs 18,000 per sq ft.
This is the second successful launch of residential projects from DLF in Gurugram market within a year. In March last year, DLF Ltd sold 1,137 luxury apartments for over Rs 8,000 crore in its housing project ‘The Arbour’ in Gurugram.
