New Delhi:
Realty main DLF Ltd has bought a penthouse for Rs 271 crore at its upcoming luxurious housing venture in Gurugram, making it one of many costliest offers by way of per sq. ft, based on sources.
In October 2024, DLF launched its 17-acre super-luxury housing venture ‘The Dahlias’ at DLF Part 5 in Gurugram, comprising 420 residences and penthouses.
Sources mentioned the corporate has bought a penthouse on this venture to entrepreneur Manav Sardana, who was related to Imperial Auto.
The penthouse has a 17,200 sq ft tremendous space and a ten,500 sq ft carpet space.
On the tremendous space foundation, DLF has bought the penthouse at Rs 1.58 lakh per sq ft, whereas the promoting worth is sort of Rs 2.6 lakh per sq ft on carpet space, sources mentioned.
A DLF spokesperson declined to touch upon the sale.
DLF is anticipating a complete income of greater than Rs 40,000 crore from this venture. It has already bought greater than 65 per cent of its items to this point.
The value of an condo on this venture ranges between Rs 100 crore and Rs 170 crore. Penthouses price extra.
Demand for luxurious residences has gone up throughout main seven cities post-COVID pandemic. Gurugram and Mumbai have witnessed many huge ticket gross sales of residences and penthouses.
Through the first quarter of this fiscal, DLF Ltd gross sales bookings or pre-sales plunged 94 per cent to Rs 657 crore because it didn’t launch any venture.
Throughout 2025-26, DLF Ltd’s gross sales bookings or pre-sales fell 5 per cent to Rs 20,143 crore from a document of Rs 21,223 crore within the previous monetary 12 months.
In Could this 12 months, the corporate had given an annual gross sales bookings steering of Rs 20,000 crore for the present 2026-27 fiscal.
DLF is assured of assembly the gross sales bookings goal of Rs 20,000 crore for this fiscal regardless of a pointy fall within the June quarter.
DLF reported a 4 per cent enhance in its consolidated web revenue to Rs 793.90 crore for the quarter ended June, regardless of an enormous fall in its complete earnings.
Complete earnings declined to Rs 1,605.56 crore within the first quarter of 2026-27 fiscal from Rs 2,980.88 crore within the corresponding interval of the previous 12 months.
DLF has developed over 185 actual property tasks and an space of greater than 352 million sq. ft.
The group has 275 million sq ft of growth potential throughout residential and industrial segments.
(Aside from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
