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Godrej Properties has sold properties worth Rs 28,800 crore during the 2024 calendar year, highest among all listed real estate companies in India, on strong demand for its housing projects across many cities. Realty major, DLF -- the country's largest real estate firm in terms of market capitalisation -- sold properties worth around Rs 20,650 crore during the last calendar year mainly on high demand for its ultra-luxury housing project 'The Dahlias' in Gurugram where it sold properties in a price range of Rs 55-150 crore per unit. In an investors presentation, Godrej Properties said, "Highest ever booking value and area sold achieved by any listed real estate developer in a calendar year. Booking value grew 69 per cent to Rs 28,800 crore from sale of 26.38 million square feet of area, a volume growth of 54 per cent." The company highlighted that the Delhi-NCR market contributed maximum pre-sales in the last calendar year at Rs 9,936 crore followed by Mumbai Metropolitan Region (MMR
Buoyed by strong sales of 173 homes for Rs 11,816 crore in its ultra-luxury project in Gurugram, realty major DLF is now targeting at least Rs 23,000 crore revenue from the remaining 247 units in its new offering 'The Dahlias'. In October last year, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF phase 5 in Gurugram, comprising 420 apartments and penthouses. This new project is the second ultra-luxury offering from DLF after the successful delivery of 'The Camellias' at the same location. The minimum size of an apartment is 10,300 square feet. According to investors' presentation, DLF has sold 173 units having 18.5 lakh square feet area, for Rs 11,816 crore. The average realisation was around Rs 70 crore per residence. The average per square feet rate is around Rs 64,000 for saleable area and Rs 1,05,000 for carpet area. "Balance area to be sold 2.7 million (27 lakh) square feet. Currently valued at around Rs 23,000 crore," DLF said in the presentatio
Real estate major DLF has sold 173 apartments for Rs 11,816 crore in its ultra luxury residential project 'The Dahlias' in Gurugram, on strong demand from the super-rich. In October last year, DLF launched a 17-acre housing project 'The Dahlias' at DLF Phase 5 in Gurugram, Haryana comprising 420 apartments and penthouses. This project is the second ultra luxury offering from DLF after the successful delivery of 'The Camellias' at same location. The minimum size of an apartment is 10,300 square feet. According to an investors' presentation, DLF has sold 173 units having 18.5 lakh square feet area, for Rs 11,816 crore. Average realization was around Rs 70 crore per residence. The average per square feet rate is around Rs 64,000 on saleable area and Rs 1,05,000 on carpet area. On bumper sales in this project, DLF Group MD Ashok Tyagi said there has been a "very strong underlying demand" for this exclusive offering. DLF's subsidiary DLF Home Developers Joint Managing Director Aakash
Luxury homes, each costing Rs 4 crore and above, were in much demand last year with sales rising 53 per cent to 19,700 units across seven major cities, according to CBRE. In the 2023 calendar year, the sales of housing units, each priced Rs 4 crore and above, stood at 12,895 units. Sales of luxury homes in this price category were maximum in Delhi-NCR at 10,500 units during 2024 as compared to 5,525 units in the preceding year. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "The residential real estate market is driven by strong fundamentals underpinned by robust end-user demand. We expect this momentum to continue, with both sales and new housing unit launches to remain steady in the coming quarters." Furthermore, Magazine noted that many cities traditionally associated with mid-end developments, such as Noida, Bengaluru, Pune, and Chennai, are increasingly witnessing a shift towards high-end projects. Commenting on the report, ..