Did DLF really sell 1138 Gurugram flats for Rs 7Cr each in 3 days?

More than five hundred flats at the location of Arbour, DLF’s real estate player, as sawn a very first and massive condominium after a long decade of time in the place, in Gurgaon at Golf Course Extension Road, the city hikes said that were continuously flats where sold out also seen maximum sale within four days at the stat. brokers on real estate are we said and too agreed that investors are still queuing up for a second lot of flats that will be released sooner by the builder, but the price structure will simply change and peak to a higher price point.

In the DLF developer office of real estate, the recent image which was gone viral, the heavier crowd in the office, following the launch of a new project in Gurugram currently becomes the highlight on the internet. The research expert Alok Jain, based in Delhi, updated a picture of people was on queue standing in line for what appeared to be the purchase of luxury properties worth above Rs 8 crore.

Their previous project that has sawn greater interest was Crest and Camellias on Golf Course Road and due to this company has since then been making cash by executing low-rise independent floors in DLF City, New Gurgaon and Panchkula.

Arbour, a brand-new luxury development by DLF, is the company’s first high-rise condominium in almost twelve years, according to a Money control article. Jain statemented a current situation of updates on the trending image on Tuesday. He claimed that a DLF dealer had informed him that all 1,145 flats in the building were sold within four days for a price of Rs. 8 crores each starting price.

Several Twitter users claimed due to the response to the message, that investors would have made up the majority of the buyers. The viral image has left investors perplexed. Still, there is no word from the managing director of DLF. On Twitter, a person wrote, “80 per cent is bought by a few groups of investors/brokers. Have you visited Camelias on the Gurgaon Golf course? Everything is sold out from DLF. Go in the evening and see how many apartment lights are switched on. Which is lesser than 42 per cent of inhabitants out of which half are on rent!”

Arbour, which spans 25.8 acres and consists of five towers, is situated in Sector 63 in the city of Gurgaon. The apartments, which have a total of 39 floors and a ground floor, are allegedly offered at a base price of 18,600 rupees per square foot and have square footage of 3,800. Three parking spaces are available for each apartment, and they all have electric car charging stations.