DLF unveils super deluxe range of flats 'The Camellias 2' worth Rs.40 crore each

Luxury real estate major DLF, got the highest rate success for launching their super luxury real estate project The Camellias. Recently, in a media interview, Joint MD and Chief Business Officer of DLF Home Developers Ltd, Aakash Ohri mentioned that, DLF is planning to launch The Camellias 2 on Golf Course Road in DLF Phase-5 in Gurugram. The newly constructed apartment will have sales potential of Rs. 25,000 crore.

Ohri also said, The Camellias 2, which is regarded as Lux 5 by the company, will be super luxury project with high end amenities. It is regarded as a ‘by invitation property’, which implies that, the buyers can acquire apartments in this project only on an invitation basis and the developer will review the customer profile before selling the unit.

The Camellias 2 project is expanded across 17 acres of prime land in DLF Phase-5 and has a saleable area of around 5 million square feet.

According to Ohri, “We are planning to launch the Lux5 or The Camellias 2 in DLF Phase 5 in the third quarter of the financial year 2024-25. The project will have around 420 super luxury apartments. We will launch and sale this project in two to three phases, which means that we may launch 50 odd apartments in the first phase and some in the second phase.”

This high end luxury project comes with luxurious aesthetic amenities which is more opulent than ‘The Camellias’. In this project the starting size of a flat will be around 9,000 sqft while in The Camellias the starting size is around 7,000 sqft.

Ohri further quoted, “Some apartments of The Camellias 2 will have lake view and some will have a view of Arawali hills. The prices of these super-luxury residences are expected to be reasonably higher than The Magnolias and The Camellias.”

Last week, DLF recorded the highest sale of apartments. They sold 795 flats for Rs. 5,590 crore within three days of the launch of its new luxury housing project in Gurugram.

The net profit of the company for the financial year 2023-24 stood at Rs. 2,733 crore with a Y-O-Y growth of 33%. Their revenue also jumped up nearly 47 percent YoY to Rs 2,135 crore in the January-March quarter compared to Rs 1,456 crore the firm reported in Q4FY23.