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DLF targets Rs 1,800 crore sales revenue from new luxury project in Gurugram

DLF targets Rs 1,800 crore sales revenue from new luxury project in Gurugram

“DLF is going to build a new luxury low-rise independent floors housing project in Gurugram with a sales value of more than Rs 1,800 crore”, said the DLF’s Group Executive Director Aakash Ohri.

Located in DLF 5, Gurugram, The Grove is a low-rise luxury residential project with 292 residences offering 4 BHK and 4 BHK plus entertainment lounge, with a staff room and store in the basement. These units being offered are on plot sizes ranging from 269 to 650 square yards. This project has a total developable area of 8.5 lakh square feet. Cost of these units’ ranges between Rs 6 crore and Rs 10 crore.

The Grove will introduce residents to the pleasures and privacy of living in expansive homes in low-rise buildings with interior designs that blend creativity and aesthetics with cutting-edge technological advances. The fact that, at DLF5, company has gone beyond bricks and mortar to create a thriving, vibrant community of happy residents to give them the most satisfaction. DLF5 truly embodies the concept of ‘Live, Work, and Play’ without requiring a long commute.” DLF Ltd. Group Executive Director and Chief Business Officer Aakash Ohri further stated,”We expect this project to generate sales revenue of Rs 1,700-1,800 crore revenue” but he refused to share investment details.

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Axiom Landbase

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