DLF has launched a new 34 acre project Valley Gardens at Panchkul, Haryana. The luxury floors will comprise four floors on 500 square yards plots that will be spread across 3,500 square feet area each. Each floor will be priced at around Rs 3 crore. The construction work will start after the monsoon season and the project will get completed in the next three years," DLF's Group Executive Director and Chief Business Officer Aakash Ohri said.
Spread over 34 acres (13.76 hectares), with a limited collection of only 424 luxury independent floors, The Valley Gardens supplements the existing 175-acre site of The Valley and is home to over 1,400 families. The Valley Gardens offers residences with 4 bedrooms and a study, on independent floors, with a uniform plot size of 500 sq. yards (418.75 sq. mtrs).
The company has other projects in the luxury space lined up in the area as well, Ohri added. The project has been designed by architect Hafeez Contractor. Residences at The Valley Gardens will come with stilt parking and four floors, and a sizeable basement with a dedicated staff room, as well as a storage area for each unit.
The project, nestled in the foothills of the Shivaliks, supplements the existing 175-acre site of The Valley. "In the past two years, we have witnessed a good response to low-rise independent floors by buyers in the Delhi-NCR region," Ohri said. He noted that independent floors have always been in demand in North India, but there was not enough supply.
DLF Ltd is targeting a 10 per cent growth in its sales bookings to about Rs 8,000 crore this fiscal. Already, in the first quarter of this fiscal, DLF's sales bookings doubled to Rs 2,040 crore from Rs 1,014 crore in the year-ago period.