DLF to generate Rs 1,400 crore from Gurugram and Panchkula projects
DLF plans to generate sales of Rs 1,400 crore from its latest commercial project in Gurugram and residential project in Panchkula, said Aakash Ohri, joint managing director of DLF Home Developers Ltd.
The company is on track to surpass its guidance of launching luxury residential projects worth Rs 12,400 crore in 2023-24, he said, amid the ongoing price increase in the premium property segment.
Additionally, the real estate developer's recently unveiled Central 67 project, spanning 8.69 acres and featuring shop-cum-office spaces, is expected to generate revenue of Rs 700 crore.
«The project is fully sold out, with substantial interest from end users. The high-street segment is in high demand, and the presence of several residential developments in proximity to the project will attract foot traffic to the complex,» said Ohri.
Plot sizes start at 140 square yards and the project provides dedicated space for commercial activities.
«Located at the Sohna elevated corridor, this project assures effortless connectivity to major business hubs and cities through the Delhi-Mumbai Industrial Corridor, ensuring convenience,» said Ohri.
The company is expecting another Rs 700 crore from The Valley Orchard, low-rise residences in Panchkula, Haryana.
