DLF sells 350 flats for Rs 500 crore in Gurgaon
New Delhi: DLF, the country's largest realty firm, has sold 350 flats worth about Rs 500 crore in a luxury housing project at Gurgaon.
The housing project 'The Primus', which is part of a 450 acre integrated township - DLF Garden City, was launched yesterday and all the flats were sold on the same day.
According to sources, the company achieved a sales booking of about Rs 500 crore from this project.
When contacted, a company spokesperson said: "We have received overwhelming response for this project. The company got more applications from customers than the number of flats it offered."
DLF has earmarked an investment of Rs 8,000 crore to develop the integrated township at Gurgaon within 2-3 years.
The proposed township - DLF Garden City - will be spread over sectors 86, 87, 90, 91 and 92 (new Gurgaon), and will comprise of group housing, commercial and plotted development.
The Garden City will have plotted development projects, namely The Primus, Regal Gardens and New Town Heights, besides housing a commercial complex -- Galleria 91.
As per plans, the project will offer plots of different sizes ranging from 250 to 502 sq yards.
Besides, the institutional sector will house educational, cultural, religious and healthcare facilities.
DLF is currently constructing 3,200 apartments in about 100 acres of this townships.
The company has total developable potential at 349 million sq ft and currently 45 million sq ft of projects area are under construction.