NEW DELHI: Real estate major DLF this festive season is launching what could be India’s costliest ever super luxury highrise condominium in terms of carpet area — DLF The Dahlias, right across the road from the existing Camellias, on Gurgaon’s Golf Course Road. With sales value of Rs 34,000 crore, this is 2.5 times the value of Camellias and any other project in India, says PropEquity.TOI had reported this on Aug 19, 2024.
Samir Jasuja, founder and CEO of PropEquity, said: “With the launch of this project, DLF is all set to usher new standards for luxury living in India by providing state-of-the-art amenities for its residents. (The Dahlias will be) India’s largest and most expensive residential project ever to be built.”
“The sales value of DLF The Dahlias is equivalent to the total sales value of Three Sixty West by Oberoi Realty in Mumbai, DLF Camellias in Gurugram and Naman Xana in Mumbai. The starting size of the apartment is 9,500 square feet,” PropEquity said in a statement. Spread over 17 acres, DLF The Dahlias will have 29 floor towers and 400 super-luxury residences in all ranging from 9,500 sq. ft. to 16,000 sq. ft.
“Prices will start at Rs 80,000 per square feet, with an average ticket price of roughly Rs 100 crore,” Ahuja added.
Source: PropEquity
TOI had on Aug 19 reported that the post-Covid real estate boom might soon witness what could be India’s costliest ever super luxury highrise condominium in terms of carpet area. Leading developer DLF is set to launch Camellias-II in Gurgaon, right across the road from the existing Camellias. Sources had then said Camellias-II prices may range from Rs 60,000-70,000 per square foot in super area terms, its carpet area could potentially surpass Camellias’ current rate of almost Rs 1.7 lakh per square foot.
In Delhi, real estate pricing is for super area. In Mumbai, it’s for carpet area. So for an apple-to-apple comparison in carpet area terms, Camellias is currently India’s most expensive condominium, Jasuja has said then.
The existing Camellias, home to top Delhi NCR-based CEOs and high net worth individuals, was launched at Rs 22,500 per square foot (price for super area) a decade ago and is currently among the most expensive condominiums in the country. Historically, the poshest parts of Mumbai and Delhi have seen the highest real estate prices, exceeding Rs 1 lakh per square foot. Gurgaon, currently India’s fastest-growing luxury real estate market, broke into this club with Camellias, where the largest apartments have reportedly sold for over Rs 100 crore in the recent past.
While not commenting on the yet-to-be-announced project, DLF Home Developers Ltd joint MD & chief business officer Aakash Ohri had told TOI about two months back that demand for “bigger and better” homes has skyrocketed post-Covid and continues to be strong. He said DLF has sold 2,500 units across three projects in Gurgaon worth Rs 22,000 crore in a 15-month period starting March 2023. “All these projects were sold out in a matter of days, from three to a week, like Apple phones,” he had said.
Source Homevior.in
