DLF Launches One of India’s Most Expensive Ultra-Luxury Residential Project in Gurugram

DLF Ltd is launching an ultra-luxury residential project, The Dahlias, in Gurugram. Located on Golf Course Road, it is expected to offer more than 400 apartments, each priced at ₹80 crore or more, making it the most expensive residential project in India. Starting at ₹80,000 per square foot, these apartments will target ultra-high-net-worth individuals (UHNIs), marking a significant development in high-end real estate.

The apartments in The Dahlias will range in size from 9,500 to 16,000 square feet, with an average size of around 11,000 square feet. These spacious units are considerably larger than most luxury properties in India, including those in Delhi's Lutyens’ Bungalow Zone. Prices are expected to reach ₹100 crore by the time the finished units are delivered, with buyers able to customize the interiors to suit their preferences.

PropEquity estimates that the launch price of these bare-shell units will start at ₹80 crore, but the value could easily exceed ₹100 crore once the apartments are fully furnished. The total estimated sales value for the project is around ₹34,000 crore, making it one of the largest residential developments in India. It is projected to surpass the value of other high-end projects, including DLF's previous luxury offering, The Camellias.

Spread over 17 acres, The Dahlias will offer extensive amenities, including a 200,000 square foot clubhouse, which will be twice the size of the one at The Camellias. The project will also feature an artificial lake and various recreational facilities such as cafes, walkways, and parks. Designed with inspiration from global architectural trends, The Dahlias aims to provide a blend of luxury and comfort for buyers.

Gurugram’s Golf Course Road is already known as a prime location for luxury real estate. The Dahlias is expected to attract both domestic buyers and international investors, further enhancing the area's reputation. With the introduction of this project, Gurugram is likely to outpace traditional luxury markets like Mumbai and Delhi.

Market analysts believe that The Dahlias will have a significant impact on the real estate sector in Gurugram. Compared to properties in Lutyens’ Delhi, where zoning restrictions limit the size of apartments, The Dahlias will stand out for offering much larger units, providing a unique value for buyers who prioritize space and exclusivity.

DLF's target market for this project includes UHNIs who already own apartments in previous DLF developments such as The Camellias, Magnolias, and Aralias. Many of these buyers may choose to move into The Dahlias once it is complete, while retaining their existing properties as rental investments.

Gurugram has seen a surge in luxury real estate developments in recent years. A report by PropEquity shows that the city led in new housing launches priced above ₹5 crore in 2023, ahead of Hyderabad and Mumbai. This trend underscores the increasing demand for premium properties in the region.

The maintenance fees for The Dahlias are expected to be between ₹6 and ₹8 per square foot, which translates to a monthly cost of around ₹60,000 for an apartment. Additional charges will apply for club membership and other amenities, but the overall maintenance costs are projected to be lower than those in similar luxury projects in Mumbai.

The Dahlias by DLF marks a significant development in the Indian real estate market. This project is expected to attract interest from ultra-high-net-worth individuals (UHNI) seeking an exclusive residence in Gurugram, reinforcing the city’s position as a hub for premium real estate.

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