0 months ago
DLF eyes ₹2,000 crore senior living project in Gurugram
A big Indian housing company called DLF is planning to build homes for older people.
The project will be in a city called Gurugram, along Golf Course Extension Road.
These homes could bring in about ₹2,000 crore for the company.
The building will be very large, covering almost 5 lakh square feet.
This will be DLF's first project for senior citizens in India.
Many older people now want to live in communities with healthcare, security, and nice amenities.
DLF also talked about its very expensive homes called The Dahlias.
Some of those homes sell for more than ₹100 crore.
More buyers are coming from other parts of India and from overseas.
DLF says it will launch more projects next year, including one in Mumbai.
DLF plans a senior living project along Golf Course Extension Road in Sector 63, Gurugram.
The project is expected to have a revenue potential of around ₹2,000 crore and span nearly 5 lakh sq ft.
The development marks DLF's entry into India's emerging senior living market.
Around 25-30% of sales at DLF's ultra-luxury project The Dahlias now come from buyers outside the NCR and NRIs.
DLF's FY2027 launch pipeline includes Hamilton 2 and the second phase of The Westpark in Mumbai.
- Who
- DLF, India's leading real estate developer, with executive Ohri speaking on an analyst call.
- What
- Announced plans for a senior living project in Gurugram and provided updates on its ultra-luxury project The Dahlias and its FY2027 launch pipeline.
- Where
- Gurugram, India, specifically along Golf Course Extension Road in Sector 63.
- When
- No specific date was given; the announcement was made during a company analyst call.
- Why
- India's retirement housing market is gaining traction due to an ageing population, rising disposable incomes, and demand for professionally managed communities with healthcare, security, and lifestyle amenities.
Key facts
- Company
- DLF
- Project Location
- Golf Course Extension Road, Sector 63, Gurugram
- Expected Revenue
- Around ₹2,000 crore
- Project Size
- Nearly 5 lakh sq ft
- The Dahlias Pricing
- Over ₹1 lakh per sq ft; higher floors ₹1.20-1.25 lakh per sq ft
- The Dahlias Entry Price
- Over ₹100 crore; premium residences at ₹160-170 crore
- Non-NCR/NRI Buyers
- 25-30% of The Dahlias sales
- FY2027 Pipeline
- Hamilton 2 and second phase of The Westpark, Mumbai
Quotes
Amit Ohri
Chairman of DLF
“Senior Living, as you know, is a retirement policy scheme that we are going to be launching soon. This is in process now. As soon as we get the data, we will make those announcements accordingly. That is something that we're looking forward to most immediately”
businesstoday.in
“We have interest from all over the country and outside for Dahlias now. Almost over 25%-30% of our business now is coming from rest of India and outside, which is NRI.”
businesstoday.in
Sources
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