Torbit Spotlight 19th march 2023

DLF’s Rs 8000 Crore Sales Spectacle! 

DLF, India’s largest listed real estate company, witnessed record-breaking pre-formal launch sales of Rs 8,000 crores for its luxury high-rise residences, The Arbour. This iconic project is located at DLF Sixtythree on Golf Course Extension Road  in Sector 63, Gurugram . The Arbour that marks DLF’s entry into Gurugram’s micro market at Golf Course Extension, has been fully sold out within three days even before its launch.

The luxury neighbourhood is spread over 25 acres with  five iconic towers that rise up to 38/39 stories. It comprises of well-appointed, spacious, and elegant 1137 identical 4 BHK + study + utility room configurations, with prices starting from Rs 7crores onward, per unit.

According to Aakash Ohri, Group Executive Director and Chief Business Officer, DLF, the phenomenal response that ‘The Arbour’  received from the most discerning home buyers from India and abroad  even before it was launched,  is clearly an endorsement of the highly aspirational DLF lifestyle. It is perhaps a new touchstone in the luxury real estate segment. Significantly, over 95% of the buyers are individuals who have bought into The Arbour for  end use. This can only be  attributed  to the trust reposed in us by our valued buyers, backed by a legacy of leadership of over 75 years. The product  innovation, diligence and commitment to the customer and the long wait for a new high-rise DLF project have predominantly contributed to this sales spectacle.

The residences at The Arbour are planned to be bold and resplendent in their design, with thoughtful touches like spacious decks to maximise light and fresh air, ensuring unobstructed views across the verdant greens. The Arbour is pre-certified by the Indian Green Building Council (IGBC) with the platinum (highest) rating. With its unrivalled location and  immaculately designed spacious residences having  a host of lifestyle amenities, The Arbour , according to Ohri, will undoubtedly be one of the most coveted and landmark developments in Gurugram’s Golf Course Road Extension micro market which  has emerged as a highly accessible and aspirational location being a natural extension to Golf Course Road, with seamless connectivity to other parts of Gurugram, as well as Delhi and Faridabad.

Stage Set For Global City in Gurgaon

With Haryana State Industrial & Infrastructural development Corporation ( HSIIDC)floating tenders, the stage is set for the iconic Global City project in Gurgaon.

The mega Global City, a mixed land use development will come up over 1000 acres of land in Sectors 36B, 37A and 37B along Dwarka Expressway. HSIIDC, the developer of this landmark project will develop Global City as the central business district (CBD) of Gurgaon on the lines of Cyber City equipped with all modern technology, low-carbon green infrastructure. It will have residential, commercial and industrial developments including a large Convention Centre. There will be an 82 km mass rapid transit system connecting Gurgaon, Manesar and Bawal.HSIIDC plans to auction plots of 5 acres, 20 acres, 50 acres and 100 acres in the Global City.

HSIIDC has floated tenders for the development of essential services and civic amenities for the Global City project. The HSIIDC has prepared an estimate of Rs 931 crore for various amenities and the construction is expected to start in July. It is expected that Rs 1 lakh crore will be raised from the sale of mixed land-use plots to global companies in the Global City project

GMADA Earns Record Rs 1935 Crore From Asset Auction

Greater Mohali Area Development Authority (GMADA) has earned a record revenue of Rs 1935 crore from the e-auction of a range of properties. These properties included housing, commercial, It, industrial plots, nursing homes, and SCOs.A total of six group housing sites were available for bidding and all of them found buyers. The highest bid of Rs 325 crore was received for an 8-acre  group housing site number 7 located in Sector 83 Alpha It City. Another 8-acre site was auctioned for Rs 293 crore. Two group housing sites in Sector 88 fetched Rs 301 crore and Rs 197 crore.

Gera Delivers World of Joy in Pune

Pune-based Gera Developments has completed the handover of its child- centric  World of Joy residential project in Pune with the buyers getting possession of 108-row houses.

Built on the idea of providing safety, convenience fun and development to children right at their doorstep, Gera’s World of Joy has witnessed tremendous demand from home buyers for premium, valuable, livable and child-friendly homes. While the other units remain sold out, delivery of row houses comes at a time when the market is struggling with delayed/stuck projects.

Gera’s World of Joy features a range of apartments and amenities including 2-3 bedroom duplexes, and 2-3 bedroom apartments. The first phase of the project contains over 900 apartments. Spread over 20 acres, clubhouses in excess of 40000 sqft and open areas house facilities such as indoor climate-controlled half Olympic length swimming pool, badminton courts, squash courts,  gymnastics hall as well as dance and art studios, besides gaming rooms. The outdoor areas house tennis courts and other outdoor facilities. The homes are equipped with DEFT’s smart home devices with Google-integrated voice-controlled home automation and comprise other leisure options like a rock-climbing wall, skating rink and a mini theatre. The World of Joy has a two-storey shopping plaza to meet the daily needs of residents.