Triverse Homes – Premium Projects in Gurgaon

Category: Dlf News

  • DLF Samavana Kasauli Vacation Homes & Plots

    DLF Samavana Kasauli Vacation Homes & Plots

    People who want to get away from city life have always liked the concept of having a calm refuge in the hills. In the past few years, places in the hills like Kasauli have become more popular not only as weekend retreats but also as long-term investments. DLF Samavana Kasauli is a well-planned development that offers holiday homes and plots in a peaceful natural setting. It is one project that is getting a lot of attention in this area.

    This initiative was created by DLF in Himachal Pradesh and shows a movement toward lifestyle driven real estate, where purchasers are not just buying property but also a slower, more balanced way of life.

    A Nice Place to Be in the Hills

    DLF Samavana Kasauli is located in the beautiful area of Kasauli and is meant to be a place to get away from the noise and fast pace of big cities. Kasauli is a popular place for second houses for people from Delhi-NCR and adjacent areas because of its colonial beauty, pine trees, and nice weather.

    The location is a great mix of being easy to get to and being alone. It’s close enough for a weekend trip, but far enough away to feel like a real getaway. This balance is one of the main reasons why projects like samavana-kasauli are becoming more popular.

    What does DLF Samavana mean?

    DLF Samavana isn’t simply another planned community; it’s meant to be a managed community where nature and contemporary infrastructure can live together. The project has a combination of serviced lots and vacation houses, so owners can develop at their own speed or choose homes that are already built.

    This is all about open spaces, plants, and planning that doesn’t involve a lot of people. The development wants to keep a sense of seclusion and exclusivity, which is becoming more important to buyers these days, unlike congested tourist areas.

    Important Parts of the Project

    There may be some differences in individual settings, but some common traits that define dlf kasauli advancements like Samavana are:

    • Beautiful views of hills and nature
    • Planning for a quiet environment with low density
    • Community with gates and security features
    • Roads and other important infrastructure inside
    • The option to design holiday houses that are just right for you
    • Made to help people live a calm, lifestyle-oriented life

    These things make the project interesting to both those who will utilise it and investors who want something more than just regular city residences.

    Why People Are Thinking About Investing in Kasauli

    More and more people are interested in dlf-samavana-kasauli. This is part of a bigger trend where purchasers are looking at hill stations as places to invest in real estate. There are a number of things that are causing this change:

    1. Better way of life

    Living in the hills is different because the air is clean, the vistas are beautiful, and life moves at a slower pace.

    1. A culture of working from anywhere

    More and more people are working from home, so many buyers are picking places where they can work and have fun at the same time.

    1. Not enough supply

    Hill stations like Kasauli don’t have a lot of land, which can help prices go up over time.

    1. More people want to rent

    Vacation homes in well-developed areas can make money by renting them out, especially during busy tourist seasons.

    Is the DLF Samavana right for me?

    Based on your objectives, you can decide whether dlf-samavana is suitable for you. For example:

    • Seeking a second home away from the hustle and bustle of the urban environment
    • Looking to construct a vacation home solely for personal purposes?
    • Considering investments that will provide you with benefits for years to come
    • Searching for an ideal retirement area

    However, consumers should not overlook such aspects as ease of maintenance, accessibility, and longevity while making a decision.

    Closing Remarks

    In conclusion, it could be stated that DLF Samavana Kasauli Vacation Homes & Plots are a part of the modern trend . Towards merging the concepts of leisure and lifestyle investment within the real estate market. This DLF project provides any potential purchaser with an excellent opportunity to get their hands on a plot of land in the hills.

    As the trend of purchasing additional properties continues to grow, samavana-kasauli developments can have a huge influence on the future development of leisure real estate in India.

  • DLF Privana Sold Out 1,113 Flats for Rs 7,200 Cr Within 3 Days

    DLF Privana Sold Out 1,113 Flats for Rs 7,200 Cr Within 3 Days

    The luxurious real estate sector in Gurgaon has yet again shown how attractive it can be with DLF coming out with Privana and selling off 1,113 apartments for around Rs 7,200 crore within just three days. This is evidence that not only is this project popular, but there is also increasing interest in the luxurious real estate projects present in Gurgaon.

    Privana Townships, developed by the reputable developer DLF, are now one of the best options when buying expensive homes in New Gurgaon.

    Why Did DLF Privana Attract So Many Customers?

    Several main reasons explain the successful launch of Privana flats:

    Strong Brand and Reputable Developer

    DLF Real Estate is considered to be the leading company that creates top-quality residential complexes, both individually and in townships.

    Strategic Location of the Project

    This housing complex is located in one of the growth corridors of the New Gurgaon district, which guarantees convenient transport routes and access to various infrastructure facilities.

    Luxurious Residential Complex Positioning

    It should be noted that the Privana apartment complex belongs to the segment of luxury housing. Thus, the houses have large areas and are equipped with modern appliances.

    Prospective Investment Objectives

    Infrastructure development continues at an active pace in emerging zones of Gurgaon, which makes branded residential townships attractive investments.

    What Does the Success Mean for the Market?

    First of all, this news clearly shows that the trend of increasing demand for luxury and premium real estate continues.

    • In recent years, the following preferences in homebuyer demands have changed significantly:
    • Increase in demand for spacious flats with optimal layout plans;
    • Increasing preference for gated residential communities;
    • Preference for branded and branded real estate projects;
    • Growing interest in premium micro-markets with development prospects;
    • Prevalence of the low density of residential complexes.

    The success of projects such as Privana shows that the activity of affluent buyers and investors remains high despite overall changes in the market situation.

    Future Launches from DLF

    Considering the success of the current launch, the upcoming launches of other residential townships and complexes of this developer can gain even more popularity in the future.

    Usually, successful projects increase future pricing power and stimulate demand for branded products.

    Consequently, monitoring future launches from the same developer is very important if you missed the current launch.

    Key Learning Points for Homebuyers

    The recent launch of DLF Privana brings us several valuable conclusions about the market of luxury real estate:

    • Premium branded projects continue to demonstrate the highest demand in the market;
    • Early purchases can bring certain price advantages and discounts;
    • Gurgaon continues to be one of the best real estate markets in the NCR region;
    • Development of infrastructure corridors is creating new prospects for demand formation;

    Conclusion

    The sale of 1,113 Privana flats for Rs 7,200 crore in three days can serve as a good indicator of the popularity of the current luxury real estate market. It also proves the great importance of premium brands and their attractiveness in sales.

    At the same time, this event can show that Gurgaon remains one of the promising luxury housing segments in India.

  • Dlf Garden City Floors Live Drone Video – Shot at Location Video

    Dlf Garden City Floors Live Drone Video DLF Gardencity is a complete world in itself. The city

    over a vast expanse and is home to many families, living in peace and harmony. Besides having an abundance of nature’s delights including as many lush green gardens, the self-contained city is home to a rich social and business infrastructure.

    Presenting Independent Floors at DLF Gardencity, Gurugram. Besides offering an abundance of nature’s delights.

    DLF Gardencity is located close to well-planned social and physical infrastructure including business districts, hotels, schools, hospitals, multiplexes, clubs, golf courses, and a variety of other leisure and retail options.

    Seamlessly connected to every business and entertainment center of Gurugram through a rapidly developing network of public transport, highways, and roads, Independent Floors at DLF Gardencity are ideal for corporate honchos and their families to make it their abode. Think of mesmerizing morning walks in the gleaming sunshine where the rays of the sun illuminate not only your surroundings but also your inner self. With parks nearby and tree-lined avenues, these independent floors will give you a pristine world, where your home radiates modernity, surrounded by natural beauty. The units are efficiently planned to carve out the most usable areas. Each room is well lit and ventilated. Covered car parking at the stilt level, entrance with lift and staircase lobby, and CCTV cameras provide a secure and comfortable experience.

  • DLF sells 551 independent floors in Gurugram for over Rs 1,200 cr

    DLF sells 551 independent floors in Gurugram for over Rs 1,200 cr

    Realty major DLF Ltd has sold 551 luxury independent floors in Gurugram since October last year for over Rs 1,200 crore and is planning to launch more such residential units this fiscal to encash strong demand, a senior company official said on Sunday.

    In an interview with PTI, DLF Home Developers Ltd Senior Executive Director Aakash Ohri expressed confidence that the company would achieve its sales guidance of average Rs 1,000 crore a quarter, driven by need for home ownership and upgradation to bigger homes with better amenities amid the COVID-19 pandemic.

    “We have done phenomenally well in terms of sales. We sold over Rs 3,000 crore worth homes during 2020-21 fiscal despite the COVID pandemic,” he told PTI.

    The housing sales picked up fast after the first quarter which was muted because of the nationwide coronavirus lockdown.

    “People want to pick up good products from credible developers. They want better amenities and high quality of safety, security and services in residential complexes,” he said.

    Ohri highlighted that the company’s decision to monetise several small land parcels, which it owned in Gurugram, through development of independent floors have paid off.

    “We have launched and sold 551 apartments since October 2020,” he said, adding that the company would continue to focus on the development of independent floors in DLF phase 1-5 and new Gurugram.

    The sales value of these 551 units is around Rs 1,230 crore.

    DLF launched these floors between Rs 11,000 per sq ft and Rs 15,000 per sq ft. The price range is Rs 3 crore to Rs 5.6 crore including the GST.

    In DLF Gardencity New Gurugram, independent floors have been launched at Rs 6,000-6,500 per sq ft. The ticket size is Rs 1.25-1.7 crore.

    DLF has started construction of these independent floors and will deliver them in the next two years.

    Ohri noted that plots and independent floors continue to remain an attractive investment option due to lower investment cost and high returns.

    “Based on the demand and learnings from last year, this year our focus is to scale up launches of new products, revamp our premium and mid-income housing offerings and continue to monetise our finished inventory across regions,” Ohri said.

    Talking about its ultra luxury project Camellias in Gurugram, he said housing sales have been robust and the company remains focused to sell ready-to-move-in units worth Rs 4,000 crore in this property.

    He noted that rental yield of its various properties at Golf Course Road has reached around 4 per cent.

    “The appreciation in capital as well as rental values in our properties are high. Customers get good returns on their investment,” Ohri said.

    On launch pipeline besides Gurugram, DLF’s Senior ED informed that the company plans to launch

    projects in the national capital, Kasauli, Himachal Pradesh, tri-city in Chandigarh and Panchkula, and Chennai.

    Earier this month, DLF reported its sales bookings numbers for last fiscal at Rs 3,084 crore, up 24 per cent from the previous year.

    The company has given a guidance of sales bookings of Rs 4,000 crore for FY’22.

    “We are confident of achieving average sales of Rs 1,000 crore per quarter,” Ohri said.

    On financial performance front, DLF reported a consolidated net profit of Rs 480.94 crore for the quarter ended March 2021.

    The company had posted a net loss of Rs 1,857.76 crore in the year-ago period.

    Total income rose to Rs 1,906.59 crore in the fourth quarter of last fiscal year, from Rs 1,873.80 crore in the corresponding period of the previous year.

    For entire financial year 2020-21, DLF posted net profit of 1,093.61 crore as against a net loss of 583.19 crore.

    Total income fell to Rs 5,944.89 crore last fiscal from Rs 6,888.14 in the financial year 2019-20.

  • New Gurgaon: An emerging residential and commercial hotspot in NCR

    New Gurgaon: An emerging residential and commercial hotspot in NCR

    With the Gurgaon region nearing saturation, the focus is now shifting towards New Gurgaon that has emerged as a vibrant hotspot of residential and commercial activities.

    Bolstered by strategic location and rapid infrastructural developments, Millennium City has emerged as a sought-after destination for Fortune 500 multinational companies and IT firms. The region is home to several business districts characterized by integrated developments encompassing workplaces, retail spaces, food and beverage outlets, and entertainment options.

    With this region nearing saturation, the focus is now shifting towards New Gurugram that has emerged as a vibrant hotspot of residential and commercial activities. Excellent connectivity and a spate of infrastructural developments have led to the emergence of several industrial hubs in the vicinity of New Gurgaon, such as Manesar, Neemrana, Bawal, Dharuhera and Bhiwadi on one hand, and Cyber City, Sohna Road, Udyog Vihar on the other.

    The rise of office spaces has invariably strengthened social infrastructure in the vicinity, including schools and higher educational institutions, banking and financial companies, commercial and retail spaces, restaurants and food and beverage outlets, entertainment and recreation spaces, and much more. The area is home to leading firms such as Grey Orange, TCS, American Express, and many more. Leading brands such as HDFC, ICICI, KFC Sodhi’s and The Body Shop, etc have sprung up in the region. Moreover, Big Bazaar, Decathlon, and Cinepolis are expected to make inroads into the region soon.

    The untapped potential of New Gurugram has prompted several real estate developers to foray into the region. The state-of-art office spaces combining retail, entertainment, food, and beverage amenities under one roof are the hallmark of their reality offerings.

    Prominent among the developers betting big on New Gurgaon is DLF. The developer has approximately 300 acres of land in this region. It has ambitious plans for the development of over 25 million sq. ft of area in the future. Its marquee offering – DLF Corporate Greens – is redefining the landscape through best-in-class amenities and enhanced customer experience. A recent deal between DLF and American Express, worth Rs 300 crore for nine acres of land – is a testimony to the tremendous potential of the region.

    “The Millennium city Gurugram has surfaced as a template for future cities and not just a real estate hub. As a bold and future-focused city and having a strategic location that facilitated excellent connectivity, it is asserted as India’s newest hub for corporates to establish their headquarters, which includes most of India’s Fortune 500 companies. In the last decade, Gurugram’s soaring success has given way to the emergence of New Gurgaon, as the new nerve center and the sub-business district of Gurugram. IT and Manufacturing companies have reasonably dominated this region leading to an explosion of residential hubs around these commercial developments, gentrifying the changing landscape,” says Karan Kumar, CMO, DLF Ltd.

    “Located strategically between Manesar and Gurgaon, the area not just enjoys seamless connectivity to New Delhi and other peripheral areas, but its planned infrastructure and availability of housing options across categories make New Gurgaon a preferred location for many. The increase in demand and the rise in ‘walk to work’ culture have led to leading commercial and retail brands settling in this area, making it the upcoming commercial hub of NCR,” adds Kumar.

    Plaza at 106 by VIRIDIAN RED is located at a prime location of Dwarka Expressway in sector 106 Gurgaon. According to industry experts, the project is an ideal amalgamation of multi-utility studio, retail and commercial spaces.

    Vatika Group and Elan Group are also among the dominant players in the region. Vatika Group houses all its verticals occupying a 1 lakh sq. ft. campus-style office in the 1 million sq. ft. of ready-to-move-in commercial and retail space INXT. Elan has come up with offerings such as Elan Mercado – a three-acre-integrated development with a mix of High-Street Retail, Foodcourt, Multiplex & Luxury Serviced Residences in Sector 80, New Gurgaon.

    Vineet Taing, President, Vatika Business Centre, says, “With diversified industries not limited to hospitality, healthcare, retail, banking, education, and many others joining the bandwagon, makes it more attractive for potential investors. Vatika Group, which holds the largest chunk of real estate offerings here in New Gurugram, has also relocated all its verticals occupying 1 lakh sq. ft., campus-style, office which is a part of 1 million sq. ft. of ready-to-move-in commercial and retail space INXT has in the offering, in lines with its vision to be a part of New Gurugram’s growth story. We would soon be launching our Business Centres, Managed Office Spaces and Sub-leased fitted-out spaces in Vatika INXT.”

    The commissioning of the Delhi-Mumbai Industrial Corridor and Dedicated Freight Corridor will open new vistas of opportunities and unlock the economic potential of New Gurgaon. Moreover, next-generation mobility systems such as Regional Rapid Transit System (RRTS) and Delhi-Faridabad Metro Rail Link will enhance connectivity, thereby attracting several more companies to establish their base here.

    According to industry experts, amid infrastructural developments and increased developers’ interest, New Gurgaon’s commercial boom is here to stay, fuelling residential developments and transforming it into a prominent nerve center and the sub-business district of Gurugram on the lines of DLF Cybercity.  

  • DLF to enter into Noida & Mumbai Markets by the end of this Fiscal

    DLF to enter into Noida & Mumbai Markets by the end of this Fiscal

    DLF will quickly enter the Mumbai market whilst the corporate is finalising plans to monetise its land financial institution in Nagpur and Pune, DLF’s newly appointed chief government, Ashok Tyagi instructed buyers on Tuesday.“Tulsiwadi in Mumbai is something we are looking to monetise and we feel now is the right time to take it to the market. We are talking to both the shareholders,” Tyagi stated.

    With a growth potential of 9 lakh sq ft and a premium location, the corporate is anticipated to launch high-end residential towers by the tip of this fiscal.

    Expansion Plans & Mumbai Market Entry

    “A lot of local players are approaching us from Mumbai and we are in discussions with them. We don’t want to be on our own and there are multiple proposals. We are currently evaluating all the proposals,” Tyagi stated.

    Noida Market Opportunities & Asset Acquisition

    The firm can be the Noida market and was evaluating a careworn asset.
    DLF Ltd reported an internet revenue of Rs 337.17 crore for the quarter ended June in contrast to a lack of Rs 71.52 crore within the corresponding quarter final yr as sturdy demand in residential enterprise buoyed total gross sales.

    The consolidated income of the corporate stood at Rs 1,243 crore, reflecting a 92 per cent Y-O-Y enhance.

    Net gross sales bookings stood at Rs 1,014 crore, reflecting Y-O-Y progress of 567%, whereas gross sales from new launches totted up to Rs 542 crore.

    Success of The Camellias & Premium Floors

    “Sale of Super luxury apartments in The Camellias and independent floors have contributed Rs 900 cr of the sale. While demand for large apartments has pushed the sale of Camellias, many fence-sitters have bought after we launched the club. The club is something which the world has never seen and we have done a lot of work in Camellias in the last four years,” stated Aakash Ohri, senior government director of DLF Home Developers Ltd.

    According to ICICI securities, regardless of the influence of the second Covid wave in North India through the quarter, DLF clocked internet gross sales bookings of Rs 10.1 bn in Q1FY22 vs. Q4FY21 bookings of Rs 10.6 bn and Q1FY21 bookings of simply Rs 1.5 bn.

    “We expect the sales to increase further around September-October when NRIs start coming into India. Whatever inventory we have, we are focusing on selling it and then will do the same in the new geographies we are entering,” stated Ohri.

    Upcoming Project Launch Pipeline

    The firm intends to launch new tasks of 8.3msf in FY22E and is focusing on an annual reserving run-rate of at the least Rs40bn vs pre-Covid ranges of Rs20-25bn on the again of recent launches alongside with accomplished stock value Rs51.8bn as of Jun ’21.

    According to business studies, the worth of the models in The Camellias has appreciated by 88% on an absolute foundation.

    The Camellias, launched in 2014 at Rs 22,500/sq ft, is at present promoting at Rs 38,500/sq ft.

    The whole worth of the project is Rs 12,000 crore and, by DLF, about 15% of the homeowners are upgraders from ‘The Magnolias’ and ‘The Aralias’, whereas most patrons are from Delhi NCR.

  • DLF to increase prices across residential projects portfolio

    DLF to increase prices across residential projects portfolio

    Although the premier real estate developer did not offer details on the dlf residential projects that may see a price hike, it has indicated that the increase is likely to be under 5% in the current fiscal.

    DLF Plans Selective Price Hike Amid Rising Demand

    Since independent floors and luxury housing have seen good demand, DLF is planning to increase prices selectively across its residential projects. The firm has already raised prices thrice between November last year and March 2021 on DLF independent floors in Gurgaon, besides doing away with some discounts on DLF Camellias.

    Price Increase Likely to Stay Below 5% in FY22

    Although the real estate developer did not offer details on the products that may see a price hike, it has indicated that the increase is likely to be under 5% in the current fiscal. DLF is keen on revamping its premium and mid-income housing, which has been consistently gaining homebuyer’s interest in the last 8-12 months.

    At its quarterly earnings call on Tuesday, DLF said it is “looking” at increasing prices “selectively” across the residential projects portfolio depending upon market demand. On a weighted average basis, the price increase could translate into “sub 5%”, which the firm expects to hold on during FY22. Its Q1 FY22 results presentation also said it is exploring a “judicious price increase in line with market acceptability”.

    DLF Independent Floors See Significant Price Growth

    DLF launched independent floors in Phase-3 (Gurgaon) at Rs 11,000 per sq ft in November last year. Later in February 2021, prices raised to Rs 12,500 per sq ft, translating into a growth of 14% on a like-to-like basis between November 2020 and March this year.

    In March 2021, the company launched independent floors in Phase-1 at a price of around Rs 15,000 per sq ft. However, it emphasised that the rally was largely driven by the project’s strategic location. DLF has also slashed discounts on the ultra-luxury housing, Camellias, which is about 4-5% and translates to an improved recovery of Rs 1,500-2,000 per sq ft.

    The company said it received an encouraging response on independent floors across DLF city and Garden City New Gurgaon vindicating product demand and acceptability. New products, which include plotted development in Gurgaon, recorded sales booking of Rs 542 crore for 0.5 million sq ft (MSF) in Q1 FY22. So far it has booked 1.3 MSF of space in the project spread over 1.5 MSF.

    Camellias witnessed sustained demand. In April-June, it reported a sales booking of Rs 330 crore for 0.1 MSF. It has a total area of 3.6 MSF, of which so far 2.4 MSF has booked. The housing project has posted consistent double-digit sales in the last 4 quarters.

    DLF Midtown Set for Launch with High Revenue Potential

    DLF will open sales booking for its flagship premium luxury project, DLF Midtown in central Delhi, in the second half of FY22. At present, the company is busy with RERA approvals for the high-rise condos. The project size is 8 MSF, of which 2.1 MSF will delivered by H2 FY22 and the remaining 6 MSF after FY24. Midtown’s total sales potential is Rs 12,000-15,000 crore.

  • DLF Siruseri Plots in Parc Estate, OMR Chennai

    DLF Siruseri Plots in Parc Estate, OMR Chennai

    One of India’s largest developers DLF presents Chennai’s First Theme-Based Plotted Development DLF Park Estate in 85+ Acres on OMR Chennai, Tamil Nadu (Chennai’s IT Growth Corridor). DLF Siruseri Plots spread over 85 sprawling acres of area to cut out a total of 1509 plots in different dimensions. First-ever gated plots on theme parks to create pollutant-free ambience by DLF LTD to address an iconic space for a get to the real opportunity of modern lifestyle.

    DLF Limited

    Founded in 1946 by Chaudhary Raghavendra Singh, DLF started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating exceptional living and working spaces for the new Indian global professionals. Today, DLF is the largest publicly listed real estate company in India, with residential, commercial, and retail properties in 15 states and 24 cities.

    DLF CYBERCITY CHENNAI

    Chennai and DLF have been partners in growth for more than a decade and together, they’ve made Chennai the epicentre of the IT industry.

    • 43 acre integrated campus
    • 4.5 acres of green zone
    • 2 acres sports zone

    DLF DOWNTOWN CHENNAI

    The new epicentre of Chennai’s IT corridor, DLF Downtown will be a modern workspace with world-class amenities making it a perfect confluence of productivity and collaboration.

    • 27 acres total space
    • 6.8 million sq ft of workspaces

    WHY CHENNAI?

    Capital state of Tamil Nadu| Detroit of India | Largest industrial and commercial centre of South India

    • Literacy rate – 90.33% | >17,000 USD IT Exports | 45%India’s Motor Vehicle Export
    • A city with a cumulative FDI investment of $29.4 Billion since the year 2000
    • 4 pillars of economic drive – Auto & Auto ancillaries manufacturing, IT/ ITeS, Medical Tourism, and Electronics
      hardware manufacturing.
    • 30,000+ MSME Industries in the city with lakhs of employment opportunities prevailing

    WALK TO WORK.

    DLF Cyber City

    • Corporate park in Gurugram, Haryana, India opened in 2004
    • Home to some of the top IT & Fortune 500 companies in India
    • The “futuristic commercial hub“
    • Retail hub ~ large number of leading restaurants and shops
    • Metro & 16-lane expressway
      Office | Residential | Education | Retail

    BKC ONE

    Business and residential district in the city of Mumbai

    • Commands one of the highest property rates in the country
    • 600,000 people working in various offices throughout the BKC
    • MNC and National Banks head offices, Reliance Jio World Garden
    • Diamond Hub
    • 370 hectares of once low-lying land on either side of the Mithi river, Vakola Nalla, and MahimCreek.
    • The area had poor surface drainage and was severely affected by pollution in the MahimCreek

    WHY OMR?

    • More than 3,50,000 employees. 3/4th of the state’s software exports
    • Well Developed Social Infrastructure | Better Transport & Connectivity | Affordable Real Estate Products | Walk-to-work
      OMR is been identified as Secondary & Periphery Business Centers and is gradually taking over main CBDs off late,
      Upcoming infrastructural development on OMR
    • Metro Rail : The proposed Phase-2 will span 118.9 km connecting the city and suburbs, connecting Madhavaram to
      SIPCOT (for 45.8 km).
    • Chennai Peripheral ring road ( Ennore port –Mahabalipuram)
    • Phase II -Six-Lane road widening project (Siruseri –Mahabalipuram)
    • Proposed 5 flyovers on OMR to reduce traffic
    • 1.5 km ECR –OMR Link Road
    • 3 deck elevated corridor to merge with metro rail with a budget of INR 3,088 Cr.

    WHY SIPCOT, SIRUSERI?

    • 782 Acres of land dedicated to develop IT park under SIPCOT conceived and planned by (State Industries Promotion Corporation of Tamil Nadu)
    • 90,000 employees
    • 40+ Corporate’s
    • Owned Campus

    Top IT Companies

    ❑ TCS
    ❑ Hexaware
    ❑ Cognizant
    ❑ AtoS
    ❑ Capgemini
    ❑ Syntel
    ❑ Aspire
    ❑ Sopra Steria

    UPCOMING DEVELOPMENT IN SIPCOT, NEAR DLF SIRUSERI PLOTS

    DLF PARC ESTATE

    RERA REGISTERED

    CHENNAI’S FIRST NATURE-INSPIRED OVER 85-ACRE PLOTTED DEVELOPMENT

    FACILITIES & LANDMARKS

    • ESSAR Petrol Bunk – 100m
    • HP Petrol Pump – 5 km
    • Novotel Chennai – 4.3 km
    • INOX Theatre – 4.8 km
    • AGS Movie Theatre – 6.5km

    HOSPITALS

    • Chettinadu Multi Speciality Hospital – 6 km
    • Apollo Diagnostics – 5.5 km
    • Radiant Dental Care – 4.4 km
    • Life Line Hospital – 19 km

    COMPANIES AND IT PARKS

    • SIPCOT IT Park – 1.5 km
    • TCS – 2.6 km
    • Hexaware – 2 km
    • AToS – 2 km
    • Cognizant – 3 km
    • Valeo – 6.3 km
    • Pacifica Tech Park – 5.6 km
    • Infosys – 11.5 km
    • Capgemini – 11.5 km

    EDUCATION FACILITIES

    • PSBB School – 500m
    • Dr.Ambedkar Law College – 1 km
    • Mohamed Sathak College – 4 km
    • Hindustan University – 7.3 km
    • Velammal Vidyashram– 10 km
    • VITCollege – 10.5 km
    • IIITCollege – 12.7 km

    TRANSPORTATION

    • Upcoming Metro Phase Siruseri Station – 3.2 km
    • Pudupakkam Bus Stop – 3.8 km
    • Airport – 32 km

    SHOPPING AND RESTAURANTS

    • Habitat Hyper Market – 800m
    • Marina Mall – 4.9 km
    • OMR Food Street – 6.3 km
    • McDonalds – 6.6 km

    FEATURES OF THE PROJECT

    • Township
    • Domestic Water
    • Pipeline
    • 1000+ Plants / Trees
    • Surrounded By
    • Located Near 4 Natural Lakes
    • Forest Reserve
    • Storm Water
    • Organic Waste Drainage System
    • Composter
    • Developed
    • Roads
    • Solar Powered
    • Streetlights At
    • Important Nodes
    • Pedestrian
    • Walkways
    • 11 Large Wells
    • To Cater To Water
    • Requirement

    DLF SIRUSERI PLOTS

    4 TYPES OF THEMED GARDENS SPREAD ACROSS THE PROJECT, WITH AMENITIES

    Fitness Gardens

    • Relaxation Zone
    • Cycling Track
    • Pet Park
    • Outdoor Fitness and Exercise Zone
    • Walking / Joggin Tracks
    • Aerobic Deck
    • Yoga Pavilion
    • Aroma Deck
    • Yoga Lawn
    • Seating Pods
    • Pergola with seating

    Social Gardens

    • Organic Farm
    • Festive Lawn
    • Tree Court
    • Volley ball Sand Bay
    • Fruit Orchards

    Recreational Gardens

    • Futsal Court
    • Half Basketball Court
    • Cricket Net Practice
    • Seating Pods
    • Children’s Play Area
    • Pavilion With seating

    Serene Gardens

    • Senior Citizen Court
    • Nature Walk
    • Seating Pods
    • Herbal Garden
    • Fruit Orchards
    • Pergola with seating
    • Nature Trail
    • Walking / Jogging Tracks
    • Outdoor Yoga Lawn
    • Outdoor Fitness Area

    PRICE LIST & AREA OF DLF PLOTS CHENNAI

    Plot SizePriceBooking Amount
    600 SQFT₹25 Lac₹1 Lac
    1200 SQFT₹50 Lac₹2 Lac
    1500 SQFT₹63 Lac₹2 Lac
    1800 SQFT₹75 Lac₹2 Lac
    2400 SQFT₹1.0 Cr₹2 Lac

    PAYMENT PLAN

    StageMilestone
    Along with the Application FormRs. 1,00,000 / 2,00,000* (part of Booking Amount)
    Within 30 days of application Form10% of Total Price (Booking Amount). (Inclusive of Rs. 1,00,000 / 2,00,000*
    paid along with Application Form)
    Within 60 days of Application Form20% of Total Price
    Within 6 months of Application Form25% of Total Price
    Within 12 months of Application Form.20% of Total Price
    Within 18 months of Application Form15% of Total Price
    On Offer of Possession10% of Total Price

  •  DLF to focus more on high-rises: Chairman Rajiv Singh

    DLF Chairman Rajiv Singh

    DLF will focus more on high-rise housing going forward, but floors will be a significant contributor for the next few years, the company’s chairman Rajiv Singh told investors.

    “I do like to believe that maybe we’ll have no more floors left and everything will get converted to high-rise housing,” Singh said.

    According to DLF, housing demand continues to exhibit a structural upswing across segments and geographies.

    The residential business exhibited record performance in the fiscal with new sales bookings of Rs 7,273 crore, reflecting a Y-o-Y growth of 136%.

    “So, where we sold the plots today, we started selling the independent floors, where we are selling the floors, tomorrow we’ll be selling multi-storied apartments. This cycle is our company’s perennial cycle. I think you will see it repeated most of the time. Every time we start, we may start with a plot and walk the journey quickly. Most of the proportion going forward, we believe, will be high-rise housing,” Singh said.

    Singh also said that though Delhi-NCR is the major market for the company, it will expand to Chennai, Goa, Pune and Mumbai.

    “We have a fair degree of stock in Chennai, both commercial and residential. So, it is an important city for us. We have a decent opportunity in Hyderabad, some land parcels in Pune and decent parcels in Goa, and we are actively engaged in dialogues in Mumbai. I think these will be three important opportunities outside the NCR,” Singh said.

    On future development in Mumbai through a JV model, Singh said that DLF is trying hard to find a way to make it work.

    “I do feel that Bombay is a market where we can look at some incremental sales volumes, may not be immediately, but definitely in the medium term,” said Singh.

    “We are not really going into any new city. But we are going to complete our profitable opportunities in existing cities, “he said.

    Singh believes that the Delhi market is underserved and that there is a gap between demand and supply.

    “Delhi NCR is possibly the fastest-growing urban agglomeration now and is forecast to be so for at least the next couple of decades. There’s a lot of economic activity. There’s a lot of money generated in the city or in this region, and a lot of demand for housing,” Singh said.

    “The vast majority of developers, especially those of a certain size and scale in this part of the country, more so than other parts actually, have either gone out of business or chosen to go slow. So, the availability issues are certainly quite stark here, “he added.

    Singh also said that the company is also looking for opportunities in Noida. DLF is not looking to pursue any opportunities in the affordable segment as it’s a very construction-intensive activity.

    Singh clarified that the company was getting itself ready to be in a position to do a REIT in case it wished.

    “I think there is no clear finality to the decision that we are doing a REIT, this decision will be taken by both partners at the appropriate time. But we want to certainly make ourselves capable of doing a REIT in case it is possible, “Singh said.

    The rising cost of raw materials will have an impact on the pricing of DLF. Mr Rajiv Singh said a five percent price hike should take care of the inflation impact.

    “We are looking at possibly cost inflation to the extent of, depending on the nature of our product, as it

    seems right now, roughly around 10% + in aggregate number. Going up a little higher for products which are a bit more metal and steel-intensive. We were conservative, we kept some contingency budgets in the past also,” Singh said.

    “But still, we may be looking at a cost increase of between five and 10%. Our product mix, fortunately, is margin rich. And therefore, that 10% of that Rs 47,000 crore should be nothing more than a number

    which is a couple of thousand crores, a five-odd percent price hike should take care of inflation impact,” he added.

    However, the company’s desire may still to maintain margins, and therefore price increase may be in range of 7-9 percent.

    “We are reasonably confident that we will maintain the margin,” Singh said.

    DLF also has no plan to raise equity and hopes to reach the zero-debt level soon.

    DLF is India’s biggest office space operator, with about 38 million sq ft of completed offices. The company’s leadership believes that office demand will be robust in the coming months.

    Source – https://economictimes.indiatimes.com/industry/services/property-/-cstruction/dlf-to-focus-more-on-high-rises-chairman-rajiv-singh/articleshow/91875876.cms

  • DLF launches 424 independent floors in DLF Valley Gardens Panchkula

    DLF- India’s largest listed real estate company, Thursday said it has launched DLF Valley Gardens, a 424-independent floor project on a 34-acre land parcel in Panchkula, Haryana.

    ‘The Valley Gardens’ project is part of the 175-acre site of its residential development ‘The Valley’.

    Each independent floor is of around 3500 sq ft and priced at about ₹3 crores. DLF expects a turnover of ₹1,200 crores to 1,300 crores from the project.

    “Demand for low-rise independent floors has been phenomenal in Delhi-NCR. In the last 18 months, DLF has sold independent floors worth ₹3,000 crores in Gurugram and the Chandigarh Tri-city area. For the Panchkula project, we expect about 70-75% of the demand from end-users and the remaining from investors,” Aakash Ohri, group executive director and chief business officer at DLF said in an interview.

    ‘DLF Valley Gardens’ project in Panchkula, which has a stilt-plus-four floor development format, has designed by architect Hafeez Contractor.

    “Buyers from Chandigarh, Punjab, Delhi-NCR and even Himachal Pradesh have shown a high interest in living in Panchkula,” Ohri added.

    DLF is planning a slew of residential launches this year including more independent floors, plots, villas and apartments. The developer did about ₹2,000 crores of sales bookings in the April-June quarter and has provided a sales guidance of ₹8,000 crores for 2022-23.