DLF sells 1250 flats within 2 hrs in Delhi
New Delhi: DLF, one of the largest real estate developers in India, has launched the second phase of its housing project in the heart of New Delhi and managed to sell all 1250 apartments within two hours. The size of the apartments is between 1,210 sq ft-2,720 sq ft and would carry effective price tags between Rs. 68.69 lakh and Rs. 1.86 crore. "Even with increased price, we have received tremendous response for our product. We initially planned to launch 650 units in the second phase, but due to huge demand we decided to offer more," DLF Managing Director T C Goyal told Press Trust of India (PTI).
The Phase 2 of the project is called Capital Greens and is offered at Rs. 6,750 (2-BHK), Rs. 7,500 (3-BHK) and Rs. 8,000 (4-BHK) per sq ft. DLF has announced that it will be offering a discount of Rs. 500 a sq ft for timely payment and 8.5 percent rebate on down payments.
DLF has increased the rates at which the company has sold Phase 2 as compared to Phase 1. DLF had launched around 1,400 units in Phase 1 at a price of Rs. 4,500 (2-BHK) and Rs. 5,500 (3-BHK). The project is coming up at Shivaji Marg, near Moti Nagar. In 2007, DLF had acquired the 38 acres from DCM Shriram and Lohia Group for Rs. 1,675 crore.
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