Indian developer DLF clocks $1.3 billion from luxury project sellout
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, opens new tab.
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.
($1 = 86.2975 Indian rupees)
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