Real estate developer DLF Limited has announced that it has achieved record pre-launch sales of Rs. 8,000 crores for its luxury residential project, ‘The Crest’ in Gurugram. This impressive figure highlights the strong demand for high-end residential properties in India’s real estate market.
The Crest is a premium residential development located in Gurugram’s upscale DLF5 neighborhood. It features luxurious apartments ranging from 3 to 4 bedrooms and includes high-end amenities such as a clubhouse, fitness center, and swimming pool. The project was designed by renowned architect Hafeez Contractor and offers residents a sophisticated and contemporary living experience.
DLF has attributed the success of The Crest’s pre-launch sales to its prime location, high-quality construction, and reputation as a trusted and established brand in the real estate industry. Gurugram, also known as Gurgaon, is one of India’s fastest-growing cities and a hub for multinational corporations, making it an attractive location for property investment.
The pre-launch sales figures of Rs. 8,000 crores ($1.1 billion) set a new record for DLF, surpassing their previous best of Rs. 3,500 crores ($484 million) for the luxury residential project, ‘Camellias’. This remarkable achievement is particularly noteworthy given the challenging economic environment created by the COVID-19 pandemic.
DLF has a long and successful track record in the real estate industry, with over 70 years of experience in developing high-quality properties across India. The company has a reputation for delivering world-class projects that meet the needs and expectations of its customers, and The Crest is no exception.
The success of The Crest’s pre-launch sales is a positive indicator for India’s real estate market, which has been impacted by the pandemic and a slowdown in economic growth. The demand for high-end residential properties has remained robust, and this bodes well for the future of the sector. DLF’s achievement of pre-launch sales of Rs. 8,000 crores for The Crest is a significant milestone in India’s real estate industry. It demonstrates the continued demand for high-end residential properties and the confidence that buyers have in established brands like DLF. The project’s success is a positive sign for the sector and indicates that the industry may be on the road to recovery from the pandemic-induced slowdown.