DLF’s Privana North Sells Out in Record Time—Rs 110 Billion in Just One Week

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DLF Ltd has once again demonstrated its dominance in the luxury property market in India with its Privana North project being sold out within a week. The luxury residential complex in Gurugram's Sector 76 and 77 has generated Rs 110 billion worth of sales, bearing witness to the growing demand for high-end housing in the locality.

Privana North—A Landmark Success

The development spans 18 acres of land that hosts over 1,150 luxurious apartments that have been designed to enhance luxury lifestyle.

DLF's previous launches, Privana South and Privana West, also saw rapid sellouts with combined sales of Rs 12,700 crore.

The huge response is a testament to Gurugram's growing luxury housing market dominated by high-net-worth individuals.

DLF's Strategic Expansion

The firm has invested Rs 5,500 crore in developing Privana North with top-shelf amenities and infrastructure.

This is the third phase of DLF's 116-acre Privana township after the success of the previous ventures.

DLF's grand scheme is to bring to the market projects worth Rs 17,000 crore in the coming quarters to keep the momentum going.

Market Trends and Future Outlook

DLF has registered all-time high sales bookings worth Rs 21,223 crore during FY24–25, 44% higher than the previous year.

The company is eyeing sales of Rs 20,000–22,000 crore in the ongoing fiscal, on the back of sustained demand.

Gurugram's high-end segment continues to be sought after by premium investors, with units in the price bracket of Rs 9 crore to Rs 25 crore.

DLF's rapid sell-out of Privana North indicates robust investor interest and a booming Indian luxury realty market.

Sources: India Today, Business Standard, 99acres.