India, June 3 -- Gurugram-based real estate developer Dalcore has awarded a Rs.225 crore construction contract to B L Gupta Construction (P) Ltd for its luxury residential project, The Falcon, the company's first YOO-branded development, according to a statement issued on June 3.

With an estimated revenue potential of about Rs.1,450 crore and a total development value of around Rs.500 crore, The Falcon by Dalcore marks the company's entry into Gurugram's fast-growing luxury housing market.

Located in Sector 53 on Golf Course Road, the project is spread across nearly two acres and will feature a single residential tower with a built-up area of approximately 5 lakh sq ft. The development will comprise 96 ultra-luxury residences, including...