It took DLF, India’s largest real estate developer, just three days to sell its luxury high-rise residential project, ‘The Arbour’, at Golf Course Extension in Gurugram. Priced around ₹7 crore for a four BHK apartment, they were by no means bargainous; and with 1,137 flats in five towers, the project was not a small one, either. But the developer sold flats worth more than ₹8,000 crore even before the project’s launch.
Its location, of course, worked in its favour. “The area has emerged as an accessible and aspirational location being a natural extension to Golf Course Road, with seamless connectivity to other parts of Gurugram, and Delhi and Faridabad,” said Aakash Ohri, group executive director of DLF.
There had been a limited supply of luxury housing projects in Gurugram in the past few years, and the gap had been widening with the increasing demand for larger homes with facilities like swimming pools, clubhouses, multiple parking and concierge services. There has also been a lot of pent up demand in the market, more so after the pandemic, said Vivek Rathi, director of research at real estate consultants Knight Frank. “Applications for the DLF project received were almost four times the number of flats that were on offer. That highlights that the demand is way ahead of the supply.”
هذه القصة مأخوذة من طبعة April 09, 2023 من THE WEEK India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 09, 2023 من THE WEEK India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Trump and the crisis of liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.
