DLF has sold 376 ready-to-move-in luxury flats worth Rs 700 crore on the first day of the launch of its new housing project in Gurugram. The company has launched the second phase of its luxury residential project Ultima.
The company had launched 400 units in the first phase of the Ultima project which is spread over 22 acres. Moreover, there is zero GST on completed units.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.