DLF sold all the houses of this project for Rs 1,800 crore, was introduced a few days ago
Highlights
- Completely sold out within eight days
- The company has set a target of Rs 8,000 crore
- DLF Chairman Rajiv Singh India’s Richest Real Estate Entrepreneur
DLF: Realty Sector Company DLF Ltd. has sold all 292 high-end (luxury) houses in Gurugram, which it launched a few days back, for over Rs 1,800 crore.
Completely sold out within eight days
This reflects a strong demand for housing loans and property prices. DLF had launched a project named ‘The Grove’ on 26 September at DLF Phase-5, Gurugram, Haryana. Now the company has advertised that all the units of this project have been sold. Sources said the project has been completely sold out within eight days of the launch, with a total sales revenue of over Rs 1,800 crore.
The company has set a target of Rs 8,000 crore
DLF Group’s executive director and chief business officer Akash Ohri, while offering the project on September 26, was expected to generate sales revenue of Rs 1,700-1,800 crore from it. On the total sales booking for the current financial year, he said the company has set a target of Rs 8,000 crore. Earlier, DLF’s sales booking increased to Rs 7,273 crore in 2021-22 from Rs 3,084 crore in the previous year.
DLF Chairman Rajiv Singh India’s Richest Real Estate Entrepreneur
DLF Chairman Rajiv Singh is the richest real estate entrepreneur in the country. His total land assets are Rs 61,220 crore. It is followed by M P Lodha of Macrotech Developers and his family at the second position with land assets of Rs 52,970. Hurun and Grohe India recently released the fifth edition of ‘Grohe Hurun India Real Estate Rich List’. This is a list of the richest real estate businessmen in the country. The list is based on their ownership share in the net worth of the respective real estate business. The assets have been computed as on December 31, 2021. According to the report, the assets of DLF’s Rajiv Singh have increased by 68 per cent in the last one year and he is at the top.
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