Indian developer DLF clocks $1.3 billion from luxury project sellout
Indian real estate developer DLF logged sales of $1.3 billion by selling out one of its luxury housing projects near the country's capital, it said on Wednesday, underscoring continuing demand for premium and luxury apartments by deep-pocketed buyers.
DLF Privana North in Gurugram - whose offerings include four bedroom apartments and penthouses - fetched India's largest developer 110 billion rupees ($1.3 billion) within just a week, it said.
That is in touching distance to the record $1.4 billion that DLF said it amassed from selling units of another luxury project "The Dahlias".
DLF, like many other Indian real estate developers, have benefitted from rich Indians increasingly splurging on premium items that range from cars and watches to apartments and even bathrooms.
