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DLF Readies to Enter Luxury Housing Markets of Mumbai, Goa

DLF readies to enter luxury housing markets of Mumbai, Goa

DLF is best known for developing Gurgaon, roughly 30 kilometers (20 miles) southwest of New Delhi

How NRIs helping elevate India's realty play

According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country s biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about Rs 1,800 crore) in NRI sales. Overall, during fiscal year 2023-2024, sales from NRI investors surpassed Rs 3,400 crore for DLF, which is almost 20% of total sales.

Flats getting bigger: Size in NCR increases by 37% in a year; reflects pandemic-driven demand

The average size of new houses in India increased to 1,300 sq ft in 2023 from 1,050 sq ft in 2019, with the National Capital Region (NCR) witnessing a significant rise. In the NCR, the average apartment size increased from 1,375 sq ft in 2022 to 1,890 sq ft in 2023, reflecting a 37% yearly growth. The shift towards larger living spaces is attributed to increased demand due to the Covid-19 pandemic. Over a five-year period, the average size of flats across India jumped by 51% from 1,250 sq ft in 2019. Luxury housing also witnessed growth, constituting about 23% of total new launches in 2023.

Rich-young Indians prep-up premium, luxury and ultra-luxury home sales

dlf: After raising Rs 7,200 crore in new project in 72 hours, what is DLF doing next? Ashok Tyagi answers

Ashok Tyagi says: “It is safe to assume that FY24 will end at a number higher than Rs 13,000 crore we had guided for. By how much, that is something that we are still working on. We are also seeing if some of the launches that we had originally scheduled in the next fiscal can be advanced to Q4 may or may not happen given the approval cycles.”

DLF's Privana South attracts NRIs from across the world, including Africa

The response has been overwhelming and the project has been subscribed 4.5 times, said Aakash Ohri, Joint MD and Chief Business Officer, DLF Home Developers Ltd

India's ultra rich buy Rs 7,200 crore luxury flats in Gurugram in just 72 hours : The Tribune India

DLF sells luxury residences in Privana South in Gurugram for over ₹7200 crore

Spread across about 25 acres in Sectors 76 and 77, Gurugram, the luxury residential offering by DLF was sold out within 72 hours in its pre-launch phase

Gurugram: DLF's luxury residences sold out in 72 hrs; sales worth over Rs 7K cr recorded

Real estate major DLF has recorded sales of luxury residences in its latest offering, 'Privana South' here, at over Rs 7,200 crore.This comes as part of its pre-formal launch sales. The units were sold off within 72 hours in its pre-launch .