Apartments
DLF, the country’s largest realty player, being a strong competitor in the residential property sector, announced flat offers in Delhi with a costing of Rs. 4 cr. Per unit at the center of the National Capital.
The launch of the third phase of a housing project — Capital Greens — at Shivaji Marg, close to Moti Nagar (near Central Delhi) is followed by the offer of 150 luxurious flats by the organization. The cost for the apartments is estimated at Rs 11,000 per square feet.
Rajeev Talwar, the Group Executive Director of DLF told PTI that since now-a-days demand for luxury products is very strong, if they provide a good product at a fine rate, it will sell.
He also added that while the costing of apartments is quite high, these are still not ahead what other developers are offering in the luxury sector in the city.
The realtor Emaar MGF in its Commonwealth Games project, is selling flats at Rs 12,700 per square feet.
Moreover, there are two residential projects by Parsavnath in the National Capital — one at Civil Lines (North Delhi) tagged at Rs 10,000 a square feet. and the other at Subhash Nagar (West Delhi) priced at Rs 7,500 per square feet.
DLF’s third phase will be composed of 4-BHK apartments only with a size of about 3,000 square feet is the next commitment by Talwar.
He also added that around 70 units are already booked and they will keep the bookings open till all the apartments are sold.
The first and second phases were launched with 1,400 and 1,250 units respectively by the company last year.
In 2007, DLF had acquired 38 acres from DCM Shriram and Lohia Group for Rs 1,675 crore, and the ‘Capital Greens’ is being developed on that land.
The ‘Capital Greens’ is being built on the land of 38 acres which DLF had accrued in Rs. 1,675 cr. from Shriram and Lohia Group rom Shriram and Lohia Group in 2007.
