DLF expects Rs 700 cr sales realisation from housing project

Realty giant DLF will soon launch a luxury housing project in Gurgaon with an expected sales realisation of about Rs 700 crore. According to sources, the company will offer 562 premium apartments in the project 'DLF Regal Gardens', which is spread over 11 acres. The project is part of the 450-acre integrated township 'DLF Garden City' in Gurgaon. The company expects a sales realisation of about Rs 700 crore from the project, they said. When contacted, DLF spokesperson said the project would be launched soon, but declined to give further details. Last week, DLF -- country's largest realty firm -- had sold 350 luxury flats worth about Rs 500 crore in another luxury project 'DLF The Primus' in the township. Earlier, the sources had said DLF has earmarked an investment of Rs 8,000 crore to develop the integrated township at Gurgaon within 2-3 years. The proposed township - DLF Garden City will be spread over sectors 86, 87, 90, 91 and 92 (new Gurgaon), and will comprise of group housing, commercial and plotted development.

Source: http://articles.economictimes.indiatimes.com/2012-02-27/news/31104275_1_dlf-spokesperson-housing-project-realty-giant