DLF Sells Out Rs1,985 Crore Ultra-Luxury Retirement Housing Project in Gurugram
India, Oct. 5 -- India's leading real estate developer, DLF Limited, has sold out one of its recent projects in the retirement housing space. The project, set in Gurugram's Sector 63, drew sales of nearly Rs. 2,000 crore, and the company says buyer response points to a shift in what luxury homebuyers want. With healthcare access, wellness facilities and a hospitality-style approach built in, the development hints at where DLF sees demand heading, and what this could mean for its coming quarters and cash flows.
Shares of DLF Ltd are trading at Rs. 671.85, up 2.05 percent on Monday. The stock touched the intraday high of Rs. 675.70 after opening at Rs. 664.90 before slipping to a low of Rs. 664.00. The company commands a market capitaliza...
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