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Buyers snap up DLF’s 795 luxury Gurugram apartments in 3 days 

Developer says buyers of flats worth a combined $666 million largely comprised wealthy non-resident Indians

Buyers snap up DLF’s 795 luxury Gurugram apartments in 3 days 
[Source photo: Chetan Jha/Press Insider]

Real estate developer DLF Ltd sold out 795 luxury flats worth a combined $666 million (₹5,590 crore) at one of its projects in Gurugram in three days, the company said a statement.

The 12.572-acre project, dubbed ‘DLF Privana West’ and set in Sector 76 against the backdrop of the Aravalli range, comprises four-bedroom-hall-kitchen (4BHK) apartments and penthouses across five towers.

Like the ‘DLF Privana South’ project, which fetched $866 million and sold out in three days this January, the buyers were mainly wealthy non-resident Indians (NRIs), the company said.

‘DLF Privana West’ and ‘DLF Privana South’ are part of ‘DLF Privana’, a 116-acre township located in Sectors 76 and 77 in Gurugram, Haryana.

The project is strategically located at the convergence of major roads linking Gurugram, Delhi, Jaipur, Mumbai, and Chandigarh, 

The developer splashed front-page advertisements across newspapers in the National Capital Region (NCR) on Thursday, announcing the sellout of the flats in the city that also houses some of the biggest multinational companies and startups.

“Thank you. We are grateful for your enthusiastic response. We are sold out,” the company said in the advertisement.

Aakash Ohri, joint managing director and chief business officer at DLF Home Developers Ltd, said: “Leveraging its wealth of experience and expertise, ‘DLF Privana West’ ticks all the boxes of location, amenities, luxurious facilities, contemporary infrastructure and connectivity.”

Each 4BHK unit in ‘DLF Privana West’ boasts three car parks, while penthouses feature four. 

The NCR “takes the cake” for ultra-luxury residential launches, with a 55% share of new launches in the January to March quarter, , a report by real estate consultant Anarock said last month. The ultra-luxury bracket comprises property worth more than ₹2.5 crore ($300,000).

On average, each flat in ‘DLF Privana West’ is worth about ₹7 crore, or about $800,000.

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