DLF launched a new landmark in sectors 76 & 77, by the name of Privana. DLF will develop the Privana township on 116 acres. Privana township was divided into 5 parts, out of which a measure is being contributed by Privana North.
1. Historic Sales Momentum
DLF launched Privana North in June. They will construct six towers in 17.5 acres, which will be 50 floors high, all are 4 BHK and Penthouses.
In 72 hours, DLF completely sold 1152 apartments and 12 penthouses, whose price was around 11000 crore. This was a huge achievement for the real estate Gurgaon market.
2. Market Sentiment & Investor Confidence Surge
After the DLF Privana North launch, DLF shares also witnessed a good increase of around 1.8%. This gives a different confidence to the investors that there is a demand for luxury apartments in Gurgaon, and it will continue to grow.
The increase in DLF shares also indicates that DLF’s strategy will be very good for the future, which will keep HNIs and NRIs alert to invest, as we also saw in Private North, where 30% of the investors were NRIs.
3. Positive Ripple Effects Across Gurgaon’s Real Estate
After the sale of the Privana South project worth Rs 7200 crores in 72 hours, the sale of the Privana West project worth Rs 5590 crores has brought a different kind of speed to the Gurgaon real estate market. This will be very beneficial for the Gurgaon market in the future.
According to the Cbre report, sales of apartments worth Rs 4 crores in Delhi NCR have increased by 28% with which Privana township has contributed, which has created a new trend.
4. Reinforcing Gurgaon’s Ultra-Luxury Status
Privana North towers will have a height of 50 floors and only 65 apartments per acre with a beautiful view of the Aravali, which creates a very exclusive living environment.
Premium amenities, sweeping views, and expansive layouts of Aravali attract investors and keep them interested in investing.
5. Supply-Demand Dynamics and Scarcity Value
After Privana North, there will be a demand for luxury sales in the Gurgaon market, due to which we will see competition among developers for luxury sales in the Gurgaon market. DLF has always been a game-changer for the Gurgaon market, and Privana Township will also be an important part of luxury living.
