Gurugram’s Realty Market Sees Record ₹88,000-Cr Investment in 2024: RERA

Real Estate News

The Gurugram housing market witnessed unprecedented growth in 2024, with investments of Rs 88,000 crore in newly launched real estate projects, according to an internal review report by Haryana Real Estate Regulatory Authority (RERA), Gurugram. DLF’s Dahlias

DLF’s Dahlias redefines luxury segment

– Riding on the demand for super-luxury homes, DLF has set a new benchmark by selling 173 apartments worth ₹11,816 crore in just nine weeks at its upcoming Dahlias project

– Slated for launch in mid-2025, Dahlias is North India’s most expensive condominium project, following the success of DLF’s previous luxury venture, Camellias

– The Camellias recently made headlines for a record-breaking ₹190 crore penthouse sale, which generated ₹13 crore in stamp duty

The report highlights that 124 new housing projects applied for licences in 2024, marking the highest annual investment since 2017. Interestingly, 34 of these projects have an investment of over Rs 1,000 crore each, nearly doubling the investments made in 2023.

“Gurugram continues to be a hyper-potential real estate zone. We see a distinct shift towards the luxury segment, with soaring investments. In 2024 alone, 34 projects crossed the Rs 1,000 crore mark. From 2017 to 2023, only 27 such projects were recorded,” said Arun Kumar, chairman, RERA Gurugram.

“With the RERA regime stabilising, consumers can expect value for money and Gurugram will solidify its position as a premier destination for quality living. New projects offer world-class amenities that match global standards,” Kumar added.

Since 2017, 877 projects have been registered with RERA Gurugram, involving a total investment of nearly Rs 3 lakh crore.

Riding on the demand for super-luxury homes, DLF has set a new benchmark by selling 173 apartments worth Rs 11,816 crore in just nine weeks at its upcoming Dahlias project. Slated for launch in mid-2025, Dahlias is North India’s most expensive condominium project, following the success of DLF’s previous luxury venture, Camellias.

The Camellias recently made headlines for a record-breaking Rs 190 crore penthouse sale, which generated Rs 13 crore in stamp duty. With prices starting at Rs 64,000 per sq ft on the super area and Rs 105,000 on the carpet area, a bare-shell apartment of 10,000 sq ft at Dahlias costs over Rs 70 crore. Fully furnished units are expected to cross Rs 100 crore. The project includes 400 units, of which 40% have already been sold. Buyers include NRIs (10%), entrepreneurs, businessmen, CXOs and high-net-worth families from Tier II cities.

Boasting a revenue potential of Rs 35,000 crore, Dahlias is poised to become one of the world’s largest single-value residential projects.

Source : Tribune India