Due to high demand from the ultra-rich, DLF has sold 173 apartments in its ultra-luxury residential project, The Dahlias, in Gurugram, for a total of ₹11,816 crore.
Launched in October 2024, The Dahlias is a 17-acre complex of 420 apartments and penthouses located in DLF Phase 5 of Gurugram.
DLF Sells 173 Apartments For ₹11,816 Crore
The Camellias were successfully delivered at the same location, and this project is DLF’s second ultra-luxury offering.
The Dahlias apartments are at least 10,300 square feet in size.
The company sold 173 units totaling 18.5 lakh square feet for ₹11,816 crore, according to DLF’s investors’ presentation.
With an average rate of ₹64,000 per square foot of saleable area and ₹1,05,000 per square foot of carpet area, the average realization per residence was approximately ₹70 crore.
Ashok Tyagi, MD of DLF Group, emphasized the “very strong underlying demand” for this upscale product.
DLF Home Developers’ joint managing director, Aakash Ohri, credited the record sales to strong demand from non-resident Indians (NRIs) and ultra-high-net-worth individuals (HNWIs) throughout India.
DLF To Invest ₹8,000 crore
Over the next four to five years, DLF intends to invest about ₹8,000 crore in the construction of The Dahlias, which will have 45 lakh square feet of saleable space and 74 lakh square feet of built-up area.
The project’s total revenue potential, based on launch prices, is estimated at ₹26,000 crore, but with staggered sales of the remaining inventory, it could surpass ₹35,000 crore.
Due to the super-rich’s growing desire for larger, branded homes, the demand for luxury homes in India has increased since the COVID-19 pandemic.
The Dahlias’ record sales helped DLF report a 61% increase in consolidated profit to ₹1,058.73 crore for the quarter that ended in December 2024.
In the same quarter last year, the company’s net profit was ₹655.71 crore.
Compared to the same period last year, total income for the third quarter increased to ₹1,737.47 crore from ₹1,643.51 crore.
DLF’s net profit for the April–December period of FY2024–25 was ₹3,084.62 crore, up from ₹1,803.71 crore during the same period the previous year.
Compared to ₹4,641.64 crore in the prior year, total income for the first nine months of the fiscal year increased to ₹5,648.12 crore.
With a substantial presence in Tamil Nadu and Delhi-NCR, DLF is the biggest real estate company in India based on market capitalization.
DLF has created more than 185 real estate projects totaling more than 352 million square feet since its founding.
The business has 220 million square feet of development potential in both the residential and commercial sectors.
Over 44 million square feet make up DLF’s annuity portfolio, which is concentrated on the construction and leasing of residential real estate as well as commercial and retail space.
