Listed real estate developer DLF is likely to launch a luxury residential project in sector 76 in Gurugram abutting Southern Peripheral Road (SPR) with an expected top line between Rs 8,000 crore and Rs 10,000 crore.
The formal launch is expected in January 2024 and is touted to be the DLF’s most significant residential launch after ‘The Arbour’ earlier this year. The project is expected to be launched in a price bracket of Rs 17,000 to Rs 18,000 per square foot offering super-luxury residences. The project is likely to offer 1,100 premium residences with the cost of one apartment likely to start from Rs 7 crore to Rs 8 crore.
The project also marks DLF's maiden venture in the SPR area of Gurgaon, a move to expand its horizons beyond its established luxury and super luxury residences along the Golf Course Road in Gurugram.
This expansion to the SPR area aligns with DLF's broader vision of developing an integrated township sprawling 120 acres in Gurugram. The ecosystem will be called ‘Privana’ and the project is likely to be named ‘Privana South’ as it will be part of the integrated township, sources added.
