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News: DLF sells 376 completed flats worth Rs 700 crore in Gurugram housing project-Oct 13, 2019

DLF sells 376 completed flats worth Rs 700 crore in Gurugram housing project

The Company has launched the Second phase of its luxury project Ultima

Realty major DLF on Sunday said it has sold 376 ready-to-move-in luxury flats worth Rs 700 crore on the first day of the launch of its new housing project in Gurugram, even as the overall property market is facing a demand slowdown. The company has launched the second phase of its luxury residential project Ultima.

"DLF took bookings worth more than Rs 700 crores on the first day itself. 376 units were allotted which accounts to more than 75 per cent of the total 504 units," ..

DLF's Executive Director Aakash Ohri said, "We at DLF believe in surpassing the standards set by us in each endeavour. This immense response is a testimony of the brand value of DLF."

The second phase of this project comprises ready-to-move-in 3-4 bedroom apartments, priced at Rs 1.6 crore onwards.

DLF had launched 400 units in the first phase of the Ultima project which is spread over 22 acres.

Recently, HDFC Chairman Deepak Parekh said housing projects of reputed developers are still selling.

"The trust factor is so low among potential homebuyers today. But if a Tata, Mahindra, Godrej or a Shapoorji or a DLF etc comes with a project, they do sell. Even our projects are getting sold because they are with reputed developers. They are also telling the prospective buyers that HDFC has given funding and taken the equity," Parekh had said in an interview to .

Source: The Economic Times Oct 13, 2019 Posted by JasCon.- Making Real Estate Easy