DLF sells 350 Gurgaon flats in jiffy

NEW DELHI: After a series of negative news in the recent past about DLF, which is under heavy debt burden and continues to sell non-core assets, the country’s largest realty firm has been able to sell 350 flats worth about Rs 500 crore in a luxury housing project at Gurgaon.

The housing project ‘The Primus’, which is part of a 450 acre integrated township ‘DLF Garden City,’ was launched on Wednesday and all the flats were sold on the same day, the company said today.

According to company spokesperson, “We have received overwhelming response for this project. The company got more applications from customers than the number of flats it offered.”

DLF has earmarked an investment of Rs 8,000 crore to develop the integrated township at Gurgaon within 2-3 years.
The proposed township – DLF Garden City – will be spread over sectors 86, 87, 90, 91 and 92 (new Gurgaon), and will comprise of group housing, commercial and plotted development.

The Garden City will have plotted development projects, namely The Primus, Regal Gardens and New Town Heights, besides housing a commercial complex — Galleria 91.
As per plans, the project will offer plots of different sizes ranging from 250 to 502 sq yards.
Besides, the institutional sector will house educational, cultural, religious and healthcare facilities, reports Economic Times.

DLF is currently constructing 3,200 apartments in about 100 acres.
The company has total developable potential at 349 million sq ft and currently 45 million sq ft of projects area are under construction.

DLF seeks MCG nod for 3 multi-level parking lots in Gurgaon

In what could be the respite from parking woes doe commuters, especially for those working in the Cyber City area in the coming days, DLF has sought approval from the Municipal Corporation of Gurgaon (MCG) to construct three multi-level car parking areas – two in Cyber City and one in DLF City Phase V.

At present, there is not a single multi-level parking lot in the city. The MCG has been claiming that it would build one such parking lot in the old city but the plan has remained on paper for the past three years.

DLF, meanwhile, has constructed two such lots in Delhi. While the one at Sarojini Nagar is already operational, the trial runs are on at the other one in Connaught Place.