DLF expects Rs 26k cr from super luxury project in Gurugram; sales numbers may rise on price hike
DLF is expecting Rs 26,000 crore in revenue from its new super-luxury project in Gurugram at the current selling price, and the sales numbers may rise further due to high demand, its MD Ashok Tyagi said on Saturday. DLF has done a pre-launch of its 17-acre super-luxury housing project The Dahlias at DLF 5, Gurugram, and has received a good response from the customers. It received RERA approval at the beginning of this month to launch this project.
The company will develop around 420 ultra-luxury apartments in this project. The minimum size of an apartment is 10,300 square feet.
In a conference call with market analysts, DLF MD Tyagi informed that the company expects a revenue of Rs 26,000 crore from this super luxury project.
«In RERA, what we have filed now, is the revenue of Rs 26,000 crore based on the pre-launch price. These numbers will obviously keep on going upwards as prices keep on moving,» Tyagi said while replying to a query regarding the revenue potential of this project.
He expressed confidence that the company would meet sales guidance of Rs 17,000 crore for this fiscal, with a strong launch pipeline in the second half of this fiscal.
Finance
A2Z Of Finance: Finance Beginner Course
By — elearnmarkets, Financial Education by StockEdge
Data Science
MySQL for Beginners: Learn Data Science and Analytics Skills
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills
By — Metla Sudha Sekhar, IT Specialist and Developer
