DLF's Luxurious 'The Dahlias' in Gurgaon Sees Impressive Sales with 173 Units Sold
DLF, a leading real estate developer, has reported significant progress in its super-luxury project 'The Dahlias' in Gurgaon, selling 173 out of 420 units at approximately ₹80 crore each. The project has helped DLF achieve its FY25 sales guidance of ₹17,0
Real EstateLuxury ProjectsDlfGurgaonThe DahliasReal EstateJan 27, 2025
The company has sold 173 out of the 420 units, each priced at approximately ₹80 crore.
This remarkable achievement has helped DLF surpass its FY25 sales guidance of ₹17,000 crore ahead of schedule.
The project's buyers include a diverse mix of Indian company heads, entrepreneurs, and NRIs, who account for 12% of the sales.
The buyers of The Dahlias include a vibrant and eclectic mix of individuals, ranging from heads of Indian companies to entrepreneurs and NRIs.
Many of these buyers have had positive experiences with DLF's previous developments, particularly The Camellias, which has contributed significantly to the success of The Dahlias through word of mouth.
When compared to global luxury markets like Mumbai, Dubai, or New York, the pricing of ₹1 lakh per square foot for the carpet area at The Dahlias is considered justified.
The project offers one of the most luxurious and well-planned developments in India, meeting the high standards of discerning customers who are familiar with global luxury properties.
The formal launch of The Dahlias has seen a notable price appreciation, with prices rising by over 20% during the community offering phase.
This trend is expected to continue, as the project sets its own market trajectory and builds on the success of The Camellias.
NRIs have shown significant interest in The Dahlias, with 12% of the buyers being NRIs.
Factors driving this interest include strong regulations, government support, and the emotional connection NRIs have with India.
Over the last decade, NRI investments have shifted back to India, benefiting the economy and boosting foreign exchange reserves.
Gurgaon, as a city, is looking at a 20-year infrastructure plan, including top-tier residents, Fortune 500 companies, and excellent leisure and educational facilities.
The city's development is focused on maintaining environmental norms and planning for urban infrastructure in collaboration with private developers.
DLF is also gearing up for its next project in Mumbai, with a sales potential of ₹1,000-2,000 crore in Q4.
The company is currently awaiting approvals for its Goa project, which has faced some delays.
Despite these challenges, DLF remains optimistic about the project's potential and is committed to delivering high-quality developments.
In terms of financial performance, DLF has surpassed its annual guidance and is on track to achieve a revenue of ₹21,000 to ₹22,000 crore in the last quarter of FY25.
The company has also settled past tax liabilities under the 'Vivad se Vishwas' scheme, demonstrating its commitment to financial transparency and stability.
DLF's success with The Dahlias highlights the company's ability to deliver world-class luxury properties and meet the high expectations of its discerning customers.
As the project progresses, DLF is well-positioned to continue its growth and maintain its leadership in the Indian real estate market.
Frequently Asked Questions
Who are the typical buyers of The Dahlias?
The Dahlias has attracted a diverse mix of buyers, including heads of Indian companies, entrepreneurs, and NRIs. Many of these buyers have had positive experiences with DLF's previous developments, particularly The Camellias.
How does the pricing of The Dahlias compare to global luxury markets?
The pricing of ₹1 lakh per square foot for the carpet area at The Dahlias is considered justified when compared to global luxury markets like Mumbai, Dubai, and New York. The project offers one of the most luxurious and well-planned developments in India.
What is the expected price appreciation for The Dahlias?
The pricing during the community offering phase saw a solid increase of over 20%. The project is expected to continue its price appreciation as it sets its own market trajectory and builds on the success of The Camellias.
What percentage of buyers are NRIs in The Dahlias project?
So far, 12% of the buyers in The Dahlias project have been NRIs. Factors driving this interest include strong regulations, government support, and the emotional connection NRIs have with India.
What is the financial guidance for DLF in the last quarter of FY25?
DLF has surpassed its annual guidance and is on track to achieve a revenue of ₹21,000 to ₹22,000 crore in the last quarter of FY25. The company remains optimistic about its financial performance and future projects.
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