DLF, a prominent real estate developer, aims to generate Rs 1,400 crore in sales from its latest ventures in Gurugram and Panchkula, according to Aakash Ohri, Joint Managing Director of DLF Home Developers Ltd.
Ohri expressed confidence in the company exceeding its guidance of launching luxury residential projects valued at Rs 12,400 crore in the fiscal year 2023-24. This optimistic outlook comes against the backdrop of a continuous uptrend in the premium property segment.
One of DLF’s recent projects, Central 67, covering 8.69 acres and featuring shop-cum-office spaces, is anticipated to contribute a revenue of Rs 700 crore. Ohri reported that the project has already achieved full occupancy, with significant interest from end users. The high demand for the high-street segment, coupled with the proximity to various residential developments, is expected to attract substantial foot traffic to the complex.
The Central 67 project, offering plot sizes starting at 140 square yards, allocates dedicated space for commercial activities. Situated at the Sohna elevated corridor, the project ensures seamless connectivity to major business hubs and cities through the Delhi-Mumbai Industrial Corridor.
DLF is also eyeing an additional Rs 700 crore from The Valley Orchard, a project featuring low-rise residences in Panchkula, Haryana. Spanning over 15.833 acres, the development is set to encompass 1.1 million sq ft of low-rise structures.
Ohri emphasized the strategic location of The Valley Orchard, emphasizing its accessibility to major business centers and cities, facilitated by its proximity to the Delhi-Mumbai Industrial Corridor. The company remains optimistic about the revenue potential of these projects amidst the evolving dynamics of the real estate market.
