According to sources, DLF revealed the project, which spans 12.6 acres, for an all-inclusive cost of ₹19,500 per square foot.
Major real estate company DLF is said to have sold all 800 of the apartments in the “Privana West” project at DLF 6 in Sector 76, Gurugram, in less than a week after it was introduced. For the business, the initiative has proven to be a significant source of income.
Privana West, which debuted on May 1, offered 800 units for sale in two sizes: 3,500 square feet and 4,500 square feet, with prices starting at ₹6.5 crore. Sources estimate that the transactions have generated about ₹5,000 crore.
The project, which spans 12.6 acres, was priced at ₹19,500 per square foot, all-inclusive, according to the business.
All 795 of the company’s units are reportedly sold out. According to sources, the company is expected to record new sales bookings of between ₹5,000 and ₹6,500 crore, which will be reflected in Q1 of FY25.
The company introduced 1,113 units in Privana South during the past six months, to great reaction from investors and end users. As a result, the project generated fresh sales bookings of ₹7,200 crore in Q3 of FY24.
With the opening of Privana South and West, DLF now owns 78.4 acres of land in the Gurugram sectors 76 and 77, adding to its existing holdings of over 115 acres.
It is notable that the current launch’s project size is half that of the previous launch’s. However, in comparison to the project that was previously sold in the area, the corporation provided these new 795 flats at a higher price.
According to experts, the company’s early delivery is the reason for the price increase. Thoughts are still being given to whether the market in that area can support such prices in the future.