October 10, 2024 |
DLF to Launch Ultra-Luxury Dahlias Project in Gurugram, Touted to Be the Most Expensive in India
The Dahlias project has a revenue potential of around Rs 34,000 crore, with the average ticket size of an apartment expected to be around Rs 100 crore, according to PropEquity.
Realty major DLF Ltd will launch what has been billed as the most-expensive residential real estate project in India. Christened as The Dahlias, the premium luxury property is located on Golf Course Road in Gurugram, which is close to the company’s another luxury realty venture, The Camellias. Spread over 17 acres, The Dahlias will include 400 residences, with a starting price of Rs 80,000 per square feet.
According to a release by PropEquity, the Dahlias project has a revenue potential of around Rs 34,000 crore, around 2.5 times that of The Camellias. The apartments are sized between 9,500 square feet to 16,000 square feet, with the average sale ticket size expected to be around Rs 100 crore, the release added. The project is also slated to include a two million square feet-sized clubhouse.
Moneycontrol has reached out to DLF for a comment on the upcoming launch, and the article will be updated with their response as and when it is received.
“DLF has been the torch-bearer in defining super luxury living in India by prioritising on customer-centric world class services, amenities and ultra-large sizes of apartments. With the launch of this much-anticipated project, it is all set to usher new standards for luxury living in India by providing state-of-the-art amenities for its residents,” said Samir Jasuja, founder and Chief Executive Officer (CEO) of PropEquity.
Moneycontrol had reported the pending launch of this project in May, when it was known as “Camellias 2”. The Camellias project had a sales value of around Rs 13,200 crore. Till date, the most expensive real estate project in India in terms of sales value has been the 360 West luxury real estate development in Mumbai’s Worli, developed by listed firm, Oberoi Realty.
Source : Money Control
Related Articles
Sonipat vs Gurugram: Where should real estate investors put their money?
For years, Gurugram has been the preferred destination for property investors in North India, thanks to its thriving corporate ecosystem and premium residential […]
Gurugram Tops NCR Housing Market As Infrastructure Struggles To Keep Pace
Gurugram has emerged as NCR’s biggest residential market, accounting for 53 per cent of housing launches and 48 per cent of home […]
Luxury homes emerge as wealth play? Madhusudan Kela buys apartment at DLF’s The Dahlias
India’s wealthy investors are increasingly turning to luxury real estate as a store of value and long-term wealth creation asset, with veteran […]