DLF Commits ₹5,500 Crore for New Luxury Residential Project in Gurugram

Real estate giant DLF Ltd is preparing to invest approximately ₹5,500 crore in developing a new upscale residential project, 'DLF Privana North', located in Sector 76/77 of Gurugram. The development will span 18 acres and consist of over 1,150 premium apartments. This new venture is part of the broader 116-acre 'DLF Privana' township, following the remarkable success of 'Privana West' and 'Privana South'.

Previous Success Fuels New Launch

DLF’s earlier phases within the same township - 'Privana West' and 'Privana South', witnessed impressive responses, with sales totalling ₹12,800 crore. In January 2024, the firm sold 1,113 high-end units worth ₹7,200 crore within 3 days of launching 'Privana South'. Similarly, in May 2024, 'Privana West' saw 795 units sold for ₹5,590 crore in just 3 days. Building on this momentum, the company now aims to replicate its success with the third phase of the project.

Strategic Expansion Backed by Earnings 

DLF closed the 2024-25 fiscal with record-breaking sales bookings of ₹21,223 crore - a 44% jump from the previous year. With a target range of ₹20,000-22,000 crore for this year, the firm plans to introduce residential developments worth over ₹17,000 crore amid strong market demand. 

It has already launched 7.5 million sq ft of saleable space with a potential revenue of ₹40,600 crore. Notably, the super-luxury project 'The Dahlias' alone accounted for ₹13,744 crore in bookings last year. DLF's net profit also rose sharply to ₹4,366.82 crore, supported by increased income of ₹8,995.89 crore.

Read more: DLF Reports 59% YoY Profit Growth in FY25 Results; Declares ₹6 Dividend!

DLF Share Price Performance 

As of June 16, 2025, at 10:25 AM, DLF share price is trading at ₹849.80 per share, reflecting a decline of 0.17% from the previous closing price. Over the past month, the stock has surged by 18.70%. The stock's 52-week high stands at ₹929 per share, while its low is ₹601.20 per share.

Conclusion 

DLF’s strategic investment in ‘Privana North’ reinforces its confidence in the booming luxury housing market, driven by strong demand and past success.

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