DLF's Super-Luxury Project 'The Dahlias' in Gurgaon Sees Strong Sales and Positive Outlook
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 company highlights an overwhelming response from buyers, includ
DlfThe DahliasGurgaonLuxury Real EstateNrisReal Estate MumbaiJan 27, 2025
The project has seen the sale of 173 out of 420 units, with each unit priced at around ₹80 crore.
DLF has highlighted an impressive response from buyers, including heads of Indian companies, entrepreneurs, and Non-Resident Indians (NRIs), who account for 12% of the sales.
This success has helped the company achieve its FY25 sales guidance of ₹17,000 crore ahead of schedule.
DLF anticipates completing the construction of 'The Dahlias' within four years.
The company is also optimistic about the Mumbai market and expects to generate ₹1,000-2,000 crore in Q4 sales.
Additionally, DLF is awaiting approvals for its Goa project, which has been deferred to FY26 due to regulatory delays.
The company has also settled past tax liabilities under the 'Vivad se Vishwas' scheme.
Who Are the Buyers at 'The Dahlias'?
When asked about the demographics of the buyers, Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF, shared that 'The Dahlias' has received an overwhelming response from a diverse group of buyers.
These include heads of Indian companies, entrepreneurs, and NRIs.
The eclectic mix of buyers is a testament to the project's appeal and the trust they have in DLF's previous developments, such as 'The Camellias.'
Pricing and Comparison with Global Markets
The pricing for 'The Dahlias' is approximately ₹1 lakh per square foot for the carpet area, which is a significant figure.
However, Ohri believes that this pricing is justified when compared to cities like Dubai, London, and New York.
He stated,
Frequently Asked Questions
Who are the buyers of 'The Dahlias'?
The buyers of 'The Dahlias' include heads of Indian companies, entrepreneurs, and NRIs. The project has attracted a diverse and eclectic mix of residents.
What is the pricing for 'The Dahlias'?
The pricing for 'The Dahlias' is approximately ₹1 lakh per square foot for the carpet area. This is a premium price point, but it is justified by the project's quality and global standards.
What is the expected sales potential for the Mumbai project?
DLFexpects to generate ₹1,000-2,000 crore in Q4 sales from its Mumbai project, reflecting the strong market potential in the city.
Why are NRIs investing in 'The Dahlias'?
NRIs are investing in 'The Dahlias' due to factors such as strong regulations, government support, and the emotional connection they have with India. They want their lifestyles in India to match the standards they are accustomed to abroad.
How has Gurgaon's development affected the real estate market?
Gurgaon is developing rapidly, with a 20-year infrastructure plan in place. The city's growth, coupled with the presence of Fortune 500 companies and high-quality amenities, has made it an attractive destination for real estate investments, justifying the high prices of projects like 'The Dahlias.'
Related News Articles
Controversy Erupts Over Proposed Mega Project in Karapur, Goa
Villagers demand withdrawal of NOC and cancellation of permits for real estate project, citing environmental concerns and speculative commercial interests.
JLL Boosts Building Operations and Digital Leasing Capabilities
JLL's workplace and property management sectors drive profitability with an 11% increase, despite a slight downturn in the global commercial real estate market.
Toll-Free Mumbai: A Boost for Eastern Suburbs Real Estate
Chief Minister Eknath Shinde has announced that light motor vehicles will no longer need to pay tolls at Mumbai's five toll booths, effective midnight, October 15. This move is expected to bring significant relief to daily commuters and a boost to the rea
Delhi-NCR and Mumbai Lead 37.8% Surge in India's Luxury Housing Sales in 2024
The luxury real estate market in India has seen a significant 37.8% rise in sales from January to September 2024, with key cities like Delhi-NCR, Mumbai, and Hyderabad contributing nearly 90% of the total luxury housing sales.
Diwali-Dhanteras 2024: Real Estate Surges as Top Investment Choice for Over 59%
Over 59% of respondents now view real estate as the best investment option, followed by the stock market which is favoured by 31% in the current scenario.
Sobha Shares See Early Gains with Investec Predicting 42% Upside
Real estate company Sobha Ltd. is witnessing a surge in its shares during early trading sessions, as Investec projects a significant 42% upside. The company's robust project pipeline is expected to fuel pre-sales and attract more investors.