
DLF secures RERA approval for Privana North luxury project in Gurugram
DLF has secured RERA approval for its upcoming luxury residential project, Privana North, located in Sectors 76 and 77 of Gurugram. Part of the larger 116-acre DLF Privana township, the project is expected to feature around 1,100 premium housing units, sources told HT.com.
Privana North received RERA approval last week. The project is expected to be launched soon, sources said.
In an analyst call held in May 2025, the company had said that 'There is a sizable demand for both offerings, Privana in Gurugram and our upcoming project in Mumbai, not just from local micro-markets but also from across India and among NRIs.'
It had said that previous phases of Privana, launched last year, are commanding a premium of ₹2,500 to ₹4,000 per sq ft, reflecting robust market sentiment.
"Housing demand for good houses is continuously there, and Gurgaon today has become a very solid investment option too," the company had said.
On the timeline of the upcoming launch, the management had said that the launch of the upcoming phase of Privana is expected in the first quarter of 2025-26, and the Mumbai project in the second half of this financial year.
Spread over 17 acres, Privana North is expected to feature six 50-storey towers, likely to be the tallest ever developed by DLF. The project is likely to comprise spacious 4BHK apartments with expansive 12-foot decks, they said.
In addition to the 4BHK residences, the project is expected to include penthouses with east- and west-facing views, offering panoramic views of the city and the Aravalli hills. The residences are expected to feature floor-to-ceiling heights of approximately 3.4 meters, glass façades, and nature-integrated lobbies, sources said.
Located at the junction of the Southern Peripheral Road (SPR), NH-48, Dwarka Expressway (NPR), and Central Peripheral Road (CPR), the Privana project is well connected to major business and lifestyle hubs. It is also surrounded by corporate parks, international schools, five-star hotels, and golf courses.
It should be noted that DLF launched Privana South and West in 2024. On January 8, 2024, DLF said it had sold more than 1,000 luxury housing units, part of its latest offering, Privana South, in Gurugram, for ₹7200 crore within three days of pre-launch. Privana South is spread across about 25 acres (about 10 hectares) in Sectors 76 and 77.
In May 2024, the company said that it had sold all 795 apartments for ₹5,590 crore within three days of launching its Privana West project, which is spread over 12.57 acres and comprises 795 apartments.
The luxury housing market in NCR is on a growth trajectory, with Gurugram leading the trend. According to data from Cushman & Wakefield, around 1,849 housing units priced at ₹10 crore and above were launched in Gurugram during Q1 2024– Q1 2025. Notably, of the 2,768 units launched in sectors 76 and 77, more than 70% were in the high end and luxury segment, highlighting the area's growing prominence in the high-end residential segment.
Also Read: Mumbai and Delhi-NCR lead demand for ultra-luxury homes priced at ₹100 crore and above
According to a report by JLL, in Delhi NCR, ultra luxury deals were not limited to the Lutyens Bungalow Zone (LBZ) alone. Several high-rise apartment deals on Golf Course Road in Gurugram were also recorded. Of all the apartments sold in the ₹100 crore and above price bracket in the past three years, majority were in the size range of 10,000 - 16,000 sq. ft (super built-up area).
Trump Residences, located in Sector 69 and developed by Smartworld Developers and Tribeca Developers, sold out on launch day, recording ₹3,250 crore in allotments. The project's four ultra-premium penthouses, valued at ₹125 crore, were also fully allotted, Smartworld Developers said in a statement on May 13.
The Trump Residences will feature two 51-story towers with 298 luxury residences, spanning a total saleable area of 12 lakh sq. ft. Priced between ₹8 crore and ₹15 crore per residence, the development's 298 homes were absorbed on the day of the launch showcasing demand for branded, ultra-luxury living in India, the company had said in a statement.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
3 hours ago
- Hans India
Next stage of reforms should allow lending against shares for land allocation: Report
New Delhi: The next stage of reforms in India demands a gradual withdrawal of lending restrictions to corporates for land, against shares and such, a report said on Tuesday. Real estate, in aggregate, accounts for one-third of investment activity in the country, without access to low-cost funds for most developers. "After RERA implementation, builders' consolidation, and timely and transparent data availability, etc, the underwriting risk is no longer systemic or disproportionately higher than that for any other industrial project finance,' said the report by Emkay Global Financial Services. Likewise, lending against shares is a critical need – especially as new-age companies have more intangible assets than hard physical collateral. "It is about time that we start respecting market assessment of equity value as much as the due consideration we give to replacement cost of physical assets," the report noted. "After a long time, we have in Sanjay Malhotra — current RBI Governor — an intellectual with a flair for data, and one who comes with a firm pro-growth ideology. And this is what sets him apart," the report noted. The RBI monetary policy, through its actions and communication, marks a seismic shift – aimed at nudging the potential growth rate of the economy higher. The actions taken last Friday should be viewed in the context of the current economic landscape, said the report. Historically, policy rate moves in increments of 50bps reflect economic duress. "The recent surprise cut in our opinion is a catch-up on an unusually restrictive policy in the last fiscal and resets the trajectory of economic growth higher. This action also reflects confidence in conducting the monetary policy to align with the domestic economic reality – a decoupling of monetary policy is a precursor to a decoupled economic growth," it noted. The aggressive moves on the policy front have been calibrated with a change in stance, back to 'neutral' mode. The earlier switch to an accommodative stance was done only in the prior policy meeting. While the official version is that under the present circumstances, there is limited space to lower rates further, a more practical reasoning is simply to wait out the usual 6-9 months of the transmission impact to play out, remain data-dependent, as well as firmly communicate the RBI's inflation fighting credentials – dovish actions completed with a mildly hawkish signalling, the report said.


Hindustan Times
3 hours ago
- Hindustan Times
DDA moves Delhi HC against RERA order for registering housing projects
New Delhi, Jun 10 (PTI) The Delhi Development Authority has moved the Delhi High Court after the Real Estate Regulatory Authority in the capital directed the registration of its housing projects. On May 28, Justice Sachin Datta issued notice to Delhi Real Estate Regulatory Authority (RERA) and the Centre on DDA's plea and asked for their responses. Senior advocate Ramesh Singh and advocate Vrinda Kapoor Dev represented DDA and referred to RERA's 2021 order directing it to register projects under Section 3 of Real Estate (Regulation and Development) Act, 2016. The provision prescribes "prior registration of a real estate project with Real Estate Regulatory Authority". The Real Estate Appellate Tribunal had upheld the RERA decision in September 2024. The petition argued that the statutory exercise of obligations by the DDA was ex-facie not covered under the provisions of Real Estate Act as it was governed by the Delhi Development Authority (Management and Disposal of Housing Estates) Regulations, 1968 and Nazul Rules, 1981. DDA, it said, was not a "promoter" of housing projects under the RERA Act and unlike other promoters and developers, it was not required to mandatorily register under the RERA Act. The plea, as a result, sought RERA's decision to be reined in. DDA argued the preamble of the Delhi Development Act established the authority to fundamentally differ from private developers' commercial and profit-motivated objectives and claimed having "comprehensive in-house mechanisms" for quality control, grievance redressal, and accountability, making additional RERA oversight redundant. "The statutory scheme of the Delhi Development Act keeps the petitioner distinct from the other developers and promoters of the real estate on account of the fact that the disposal of the developed land and built-up properties are governed by the statutory rules and regulations framed under the DD other promoters and developers as is commonly understood the petitioner does not require mandatory registration....," the plea said. The matter would be heard on July 7.
&w=3840&q=100)

Business Standard
4 hours ago
- Business Standard
Bengaluru sees 78% housing price jump in 5 years, Mumbai becomes costliest
Residential property prices across India's major cities have surged by an average of 48% in the last five years. This significant increase is highlighted by The 1 Finance Housing Total Return Index (TRI), which climbed from 167 in 2020 to 247 in 2025, signaling a strong growth phase in the housing cycle. The 1 Finance Housing TRI, which uses a weighted average methodology considering per square foot rates, rental yields, and population in individual cities, aims to provide an accurate reflection of market dynamics. Here are the key highlights of the report: Bengaluru leads the pack with a remarkable 79% increase in real estate prices over the last five years, showcasing its continued attractiveness as a residential hub. Mumbai has solidified its position as India's most expensive residential market, with prices reaching ₹26,975 per sq ft. Pune developers have responded strategically to market conditions, reducing new launches by 20% over the past five years. Hyderabad faces a significant challenge with a 177% surge in unsold inventory, indicating a substantial oversupply in the market. Delhi NCR demonstrates robust market demand, evidenced by a 30% decline in unsold inventory over the same five-year period. Chennai presents a supply-demand imbalance, with new launches growing by 51% but sales increasing by only 10%. Kolkata's market has seen contraction, with both new launches and sales declining by 29% over the five years. Methodology The PSF rates are calculated by using the historical transaction data for available RERA-registered residential units' sales value and area. The 5-year total returns are calculated on the basis of the above PSF rate and rental yield. Mumbai and Pune prices are per carpet area; other cities are per super built-up area. The following table illustrates the housing market insights. Substantial supply expansion by developers alongside diverse demand trends across cities. The PSF rates are calculated by using the historical transaction data for available RERA-registered residential units' sales value and area. Animesh Hardia, Senior Vice President of Quantitative Research at 1 Finance, sheds light on the prevailing sentiment among potential homebuyers. "We're seeing two very different stories," he notes. "Clients who already own a property are benefiting from the recent price appreciation, but it's the potential buyers who are facing a challenge. Many are worried about missing out while also being concerned about buying at peak prices, and this uncertainty is pushing them to make rash, emotional decisions." Hardia emphasizes the critical need for objective advice in such a dynamic market. "What these buyers really need is a combination of a real estate expert and a financial advisor – qualified people who can look at the numbers objectively and help them make an informed decision, whether a purchase makes sense for their life and financial situation, rather than getting caught up in market hype or family pressure." Have property prices peaked? Between 2020 and 2025, new home launches across India's major cities increased by 10%, while sales jumped by 33%, indicating that demand outpaced supply. Despite a 32% increase in unsold homes, prices rose by 48% over five years, suggesting that the Indian real estate market still possesses significant growth potential. While the sharp post-COVID surge in prices is unlikely to continue, the market is shifting towards a phase of sustainable growth. Prices are expected to rise steadily, bolstered by strong buyer demand and ongoing infrastructure upgrades. Government investments in public transport and social infrastructure, particularly in top cities and their surrounding districts, are improving connectivity and are set to unlock new growth opportunities not just in the major urban centers but also in their connecting areas.