The festive season could see the launch of more than ₹1 lakh crore worth of residential projects in Delhi-NCR, with developers having delayed new launches till the formation of the Haryana government and the festive period. While housing sales have been rising for the last two years, the July to September quarter saw an 11% dip.
Listed developers such as DLF, Signature Global, TARC, and Max Estates have launched large-scale projects in Gurugram. Others including M3M, Smartworld, Trident Group, Central Park, Paras, County Group, Gaurs Group, and Adani Realty are also in the process of launching new housing projects in Noida and Gurugram.
"Traditionally, the Indian festive season is considered an ideal time to invest in wealth-creating assets. This year, the sector is poised to see a substantial rise in demand for homes, especially with a wave of new luxury launches attracting high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), and significant investments from the NRI community," said Aakash Ohri, joint MD and chief business officer, DLF Homes.
DLF is launching an ultra-luxury project with a targeted sales value of '34,000 crore, about 2.5 times the value of its Camellias project in Gurugram, or any other realty project in India.
The sales value of DLF's upcoming The Dahlias project would be equivalent to that of Three Sixty West by Oberoi Realty in Mumbai, DLF Camellias in Gurugram, and Naman Xana in Mumbai. The apartments would have a starting size of 9,500 square feet.
The new project is expected to substantially boost DLF's market share. According to PropEquity, DLF held a 25% market share in the ultra-luxury segment (properties priced above '25 crore) over the last five years.
"The Gurugram real estate market is already heating up in anticipation. Areas like Golf Course Extension Road and Dwarka Expressway are emerging as prime hotspots, driven by infrastructure upgrades and a growing demand for luxury homes," said Vivek Singhal, CEO, Smartworld Developers. Smartworld Developers recently sold 900 residential units in its latest luxury project in Sector 69, Gurugram, featuring high-end apartments priced between '4-5 crore each.
Gaurs Group also sold 1,200 luxury apartments in Ghaziabad, with a total value of Rs 3,000 crore.
Max Estates reported Rs 4,100 crore in pre-sales from its first residential development in Gurugram, while Signature Global posted its best-ever half-year pre-sales, totalling Rs 5,900 crore in H1FY25, reflecting a 217% year-on-year growth.
( Originally published on Oct 15, 2024 )
Listed developers such as DLF, Signature Global, TARC, and Max Estates have launched large-scale projects in Gurugram. Others including M3M, Smartworld, Trident Group, Central Park, Paras, County Group, Gaurs Group, and Adani Realty are also in the process of launching new housing projects in Noida and Gurugram.
"Traditionally, the Indian festive season is considered an ideal time to invest in wealth-creating assets. This year, the sector is poised to see a substantial rise in demand for homes, especially with a wave of new luxury launches attracting high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), and significant investments from the NRI community," said Aakash Ohri, joint MD and chief business officer, DLF Homes.
DLF is launching an ultra-luxury project with a targeted sales value of '34,000 crore, about 2.5 times the value of its Camellias project in Gurugram, or any other realty project in India.
The sales value of DLF's upcoming The Dahlias project would be equivalent to that of Three Sixty West by Oberoi Realty in Mumbai, DLF Camellias in Gurugram, and Naman Xana in Mumbai. The apartments would have a starting size of 9,500 square feet.
The new project is expected to substantially boost DLF's market share. According to PropEquity, DLF held a 25% market share in the ultra-luxury segment (properties priced above '25 crore) over the last five years.
"The Gurugram real estate market is already heating up in anticipation. Areas like Golf Course Extension Road and Dwarka Expressway are emerging as prime hotspots, driven by infrastructure upgrades and a growing demand for luxury homes," said Vivek Singhal, CEO, Smartworld Developers. Smartworld Developers recently sold 900 residential units in its latest luxury project in Sector 69, Gurugram, featuring high-end apartments priced between '4-5 crore each.
Gaurs Group also sold 1,200 luxury apartments in Ghaziabad, with a total value of Rs 3,000 crore.
Max Estates reported Rs 4,100 crore in pre-sales from its first residential development in Gurugram, while Signature Global posted its best-ever half-year pre-sales, totalling Rs 5,900 crore in H1FY25, reflecting a 217% year-on-year growth.
( Originally published on Oct 15, 2024 )
You may also like
Lebanon's Nabatiyeh mayor killed in Israeli strikes as Hezbollah strongholds targeted
Fuel tanker explosion in Nigeria kills over 90
PM Modi renews his membership as BJP's first active member
World Bread Day: Eight Iconic Breads from Around the World
Garden fans love leaf blower and vacuum that's 'lightweight and easy to use'
Sir Alex Ferguson offers Thomas Tuchel alternative to Man Utd despite brutal axe
INDvNZ, 1st Test: Day 1 Play Called Off Due To Rain In Bengaluru
Chelsea still have to fix huge problem after Todd Boehly forced to shell out £30m
Maha Kumbh 2025: Yogi govt's novel high-tech lost-and-found system to safeguard pilgrims
Inside Rivals star Danny Dyer's lavish home life away from screens including £5,000 igloo
Alton Towers thrillseekers urged to give blood as theme park partners with NHS
UK weather: Brits to swelter as 20C 'Indian summer' blast to be hotter than Portugal
India's cooperation right next step: UK on diplomatic row with Canada
Gran, 94, shares nine savage reasons why she dumped her ex-boyfriend
Garuda Purana: What happens when the soul separates from the body at the time of death? Know the struggle between body and soul
Canary Islands panic as Tenerife wave red flag in popular beach for disgusting reason
AU-W vs SA-W: Dream11 Prediction Semifinal 1, ICC Women's T20 World Cup 2024
Sebastian Stan Says Donald Trump 'Should Be Grateful' For Controversial Film The Apprentice
'Easy' red pepper soup recipe takes just minutes - and you use air fryer
Does This Video Show Sunita Williams Returning to Earth? No, Video Is Old