Among the launches include two projects in Gurgaon, with an upcoming super-luxury residential project in DLF 5, a high-rise luxury residential development in Chennai, and a residential low-rise in Chandigarh Tri-city.
Real estate major DLF has lined up a residential launch pipeline of close to Rs 20,000 crore spread across Gurugram, Panchkula, Chennai and Mumbai this fiscal, Aakash Ohri, its joint managing director and chief business officer, told Moneycontrol.
Among the launches include a super-luxury residential project in DLF 5 in Gurugram, a high-rise luxury residential development coming up in the heart of Chennai, a mid/high-rise in New Gurugram, Sector 76/77 and a residential low-rise coming up in Chandigarh Tri-city.
“We have a couple of high-rise launches planned for Gurugram. One is a mid segment and one is a super luxury segment expected to be launched in Q3 and Q4. A mid-segment independent floors project is expected to be launched in Panchkula in the coming quarters. The Mumbai project is also expected to be launched in Q4. The project in Chennai is likely to be launched in Q4 or Q1; it is in the design and approval stage right now. A portion of OneMidtown in Delhi (one tower) is expected to be launched in Q3 or Q4,” he told Moneycontrol.
As far as estimated sales bookings are concerned, “we are maintaining our guidance of Rs 12,000 crore that we have given to the market. We are expecting healthy demand for the Gurugram launches in the super luxury and mid segments. We are hoping to achieve close to Rs 4,000 crore to 5000 crore from Gurugram’s sales bookings,” he said.