DLF collects Rs 500 crore from housing project in Gurgaon; sells 350 flats

23 Feb 2012

DLF has collected Rs 500 crore from selling 350 flats in a luxury housing project in Gurgaon -- The Primus -- which is part of a 450 acre integrated township - DLF Garden City.

The company has set aside an investment amount of Rs 8,000 crore to build up 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.

At present, the country's largest realty firm is constructing 3,200 apartments in about 100 acres of these townships. The company has total developable potential at 349 million sq ft and currently 45 million sq ft of projects area are under construction.

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