Shreeram Group Invests ₹500 Crore in Dalcore's Luxury Real Estate Project
Gujarat-based Shreeram Group has entered the real estate sector with a significant investment in Dalcore's luxury residential project, The Falcon, in Gurgaon. This move marks a strategic expansion into the high-end property market.
Real EstateLuxury ProjectsGurgaonShreeram GroupDalcoreReal Estate NewsNov 06, 2025
Dalcore, a prominent real estate developer, has partnered with YOO, a global design and lifestyle brand founded by Philippe Starck and John Hitchcox. Together, they are developing The Falcon, a branded residential luxury project located in Sector 53, Golf Course Road, Gurgaon. This prime location offers exceptional connectivity and robust infrastructure, making it an ideal setting for the project.
The Falcon will be spread across approximately 2 acres and will consist of a single tower housing around 96 luxury residences, offering 3 BHK and 4 BHK apartments. The residences are priced at ₹10 crore and above, targeting the high-end market segment. This project represents YOO's first venture in North India, adding to their portfolio of five previous projects in India across Pune and Hyderabad.
Sidharth Chowdhry, Managing Director of Dalcore, expressed his enthusiasm for the partnership: “By joining hands with one of the world’s most celebrated design powerhouses, we aim to introduce a new language of lifestyle and design to Gurgaon. The location of The Falcon on Golf Course Road is a key differentiator; it offers exceptional connectivity and a robust social and physical infrastructure that complements the lifestyle we are creating.”
YOO, with over 30 residential projects worldwide, has a strong track record, including notable developments such as Sky Oasis in Macau, Icon Brickell in Miami, and Gramercy in New York. Their expertise in luxury design and development is expected to elevate The Falcon to new heights of luxury and sophistication.
According to research by Knight Frank, India ranks sixth globally in terms of live branded residential projects, contributing approximately 4% of the world’s supply. Projections by Noesis Capital Advisors suggest that the number of branded-residence projects in India could increase by nearly 60% by 2027, driven by rising demand, especially in Tier-1 cities such as the NCR, Mumbai, and Bengaluru.
This strategic partnership between Shreeram Group and Dalcore, along with YOO's design expertise, is poised to set new standards in the luxury real estate market in Gurgaon, offering a unique blend of premium living and exceptional design.
Frequently Asked Questions
What is the total investment made by Shreeram Group in Dalcore's project?
Shreeram Group has invested ₹500 crore in Dalcore's luxury residential project, The Falcon, in Gurgaon.
Where is The Falcon project located?
The Falcon project is located in Sector 53, Golf Course Road, Gurgaon.
Who is YOO, and what is their role in the project?
YOO is a global design and lifestyle brand founded by Philippe Starck and John Hitchcox. They are responsible for the design and development of The Falcon, adding a touch of luxury and sophistication to the project.
How many luxury residences will The Falcon have?
The Falcon will house around 96 luxury residences, offering 3 BHK and 4 BHK apartments.
What is the projected growth of branded-residence projects in India?
According to projections by Noesis Capital Advisors, the number of branded-residence projects in India could increase by nearly 60% by 2027, driven by rising demand in Tier-1 cities.
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