DLF Launches India’s Costliest Residential Project: The Dahlias in Gurugram
DLF, India's leading real estate firm, is set to launch its most expensive project yet - DLF The Dahlias in Gurugram. With an average ticket size of around Rs 100 crore, this project is expected to redefine luxury living in India.
DlfLuxury Real EstateDlf The DahliasGurugramHigh Net Worth IndividualsReal EstateOct 10, 2024
The Dahlias will span 17 acres and will include 400 super-luxury residences. These residences will range from 9,500 sq ft to 16,000 sq ft, with an average size of 11,000 sq ft. The project will comprise 29-floor towers, each featuring only one unit per floor, ensuring exclusivity and privacy for its residents. The clubhouse, a highlight of the project, will be approximately 200,000 sq ft, twice the size of the one in the existing DLF Camellias.
The sales value of DLF The Dahlias is estimated at Rs 34,000 crore, making it 2.5 times more valuable than the existing DLF Camellias and any other project in India. The Camellias, launched a decade ago at Rs 22,500 per square foot, has consistently recorded some of the highest transaction prices in the National Capital Region (NCR), with recent sales averaging between Rs 65,000 to Rs 85,000 per square foot. Unfurnished apartments are renting for a minimum of Rs 10.5 lakh per month, with furnished options commanding up to Rs 14 lakh. In February 2024, a 10,000 sq ft apartment at The Camellias was bought for Rs 95 crore by Smiti Agarwal, the wife of Hemant Agarwal, CMD of retail giant V-Bazaar.
Historically, the most expensive real estate projects in India have been located in the poshest parts of Mumbai and Delhi, with prices exceeding Rs 1 lakh per square foot. However, the launch of DLF The Dahlias signifies a shift, as Gurugram is now emerging as one of the costliest real estate markets in the world.
Samir Jasuja, Founder and CEO of PropEquity, stated, “With the launch of this much-anticipated project, DLF is set to usher in new standards for luxury living in India by providing state-of-the-art amenities for its residents. DLF is set to make history in the Indian real estate with this project, making it India’s largest and most expensive residential project ever to be built.”
DLF has strategically focused on Non-Resident Indian (NRI) sales, which have seen a significant increase from 3% in FY 2020-21 to 23% in FY 2023-24. This has helped DLF create a loyal clientele of super-rich Indians living abroad and in the NCR. The firm has achieved this by ensuring great price appreciation in its super-luxury projects, offering 7-star hospitality services to residents, and building communities with the best views of Gurugram’s world-renowned Golf Course. These projects also feature huge clubhouses with world-class amenities that surpass those of 5-star hotels.
DLF holds a 25% market share in the ultra-luxury segment across India (properties with ticket prices above Rs 25 crore) over the past five years. This new project is expected to further strengthen DLF’s position in the luxury real estate market and set new benchmarks for luxury living in the region.
Frequently Asked Questions
What is the starting price per square foot for DLF The Dahlias?
The starting price per square foot for DLF The Dahlias is Rs 80,000.
How many residences will DLF The Dahlias have?
DLF The Dahlias will comprise 400 super-luxury residences.
What is the average size of the residences in DLF The Dahlias?
The average size of the residences in DLF The Dahlias is 11,000 sq ft.
What is the total sales value of DLF The Dahlias?
The total sales value of DLF The Dahlias is estimated at Rs 34,000 crore.
What is the size of the clubhouse in DLF The Dahlias?
The clubhouse in DLF The Dahlias will be approximately 200,000 sq ft, twice the size of the one in DLF Camellias.
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