DLF's share price surged by 3.03% to ₹878.20 per share on Thursday, following reports of the real estate giant launching a super luxury residential project in Gurugram. The project, reportedly called DLF The Dahlias, is expected to be India's most expensive super luxury high-rise condominium based on carpet area. It is situated directly opposite DLF’s existing premium project, The Camellias, on Golf Course Road, Gurugram. DLF is known for setting benchmarks in luxury living, and this new project could further elevate its stature in the market.
According to PropEquity, The Dahlias project has a revenue potential of approximately ₹34,000 crore, nearly 2.5 times higher than that of The Camellias. However, Business Standard has yet to independently verify this information. The project will offer apartments ranging in size from 9,500 to 16,000 square feet, with the average price expected to be around ₹100 crore. Additionally, it will include a two-million-square-foot clubhouse, providing exclusive, world-class amenities to residents.
Samir Jasuja, CEO of PropEquity, commented that DLF has always been at the forefront of defining super luxury living in India. With the launch of The Dahlias, DLF is set to introduce a new standard for luxury living, focusing on customer-centric services and state-of-the-art amenities.
DLF’s share price performance has been impressive this year. The stock has risen 19.5% year to date and 54% over the past year, outperforming the BSE Sensex, which increased by 13% year to date and 23.6% over the last year. This momentum in DLF’s stock is further fueled by its ambitious projects and market leadership in the luxury real estate segment.
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