logo
DLF sells 1,164 luxury flats worth ₹11,000 crore within a week at Gurugram project Privana North

DLF sells 1,164 luxury flats worth ₹11,000 crore within a week at Gurugram project Privana North

Hindustan Times18-06-2025
DLF has sold all 1,164 luxury apartments in its new residential project, Privana North, in Gurugram, achieving sales of approximately ₹11,000 crore within a week. The company attributed the strong response to robust housing demand.
In a regulatory filing on June 18, DLF announced "sell out of its latest luxury offering, DLF Privana North, valued at approximately ₹11,000 crore, a historic milestone achieved within just one week."
Located in Sectors 76 and 77 of Gurugram, Privana North is part of the 116-acre integrated township, DLF Privana. The project spans 17.7 acres and comprises six premium towers rising to stilt+50 storeys, DLF's tallest residential buildings to date.
It offers 1,152 four-bedroom residences and 12 penthouses. The 4 BHK apartments measure a carpet area of around 207 square meters (2236 square feet) and penthouses extend up to around 450 square meters of carpet area (4847 square feet). Each apartment comes with three dedicated car parking slots, while penthouses offer four, the statement said.
The project introduces a double-core layout, with two apartments in each core, offering enhanced privacy and efficient movement, the statement said.
This milestone builds on the successful response to DLF Privana South and Privana West, further reinforcing DLF Privana's growing appeal as one of Gurugram's most anticipated upcoming residential communities, the company said in a statement.
Privana North will be connected via the Southern Peripheral Road (SPR), NH-48, and Dwarka Expressway, ensuring seamless access to Delhi, Jaipur, Chandigarh, and Mumbai. It is located close to commercial hubs like DLF Corporate Greens, TCS, and American Express campus, as well as social and lifestyle destinations.
Aakash Ohri, joint managing director and chief business officer of DLF Home Developers, said 'the development embodies DLF's vision of delivering expansive living spaces, breathtaking views, and privacy in the sky.'
'Privana North marks a bold evolution of high-rise luxury living in India, combining global design expertise with DLF's hallmark quality and innovation. While elevating the scale and height, it remains true to the township's core values of low-density living and generous open spaces. With only around 65 residences per acre and an impressive open space ratio, Privana North strengthens its position as a premier residential destination,' he said.
'The strong sales response reflects a clear, latent demand for DLF offerings, driven by the success of our past projects. We saw interest from buyers across India and around the world. This success also speaks to the strength of the larger community we are building, continuing the legacy of DLF5 as a benchmark for luxury, master-planned living,' he said.
Privana North provides uninterrupted views of the Aravalli range, a 500-metre-wide reserved green zone.
The homes also feature lifestyle kitchens, larger living and dining areas, and foyers designed to enhance the entry experience. The master bedrooms in Privana North are almost 33% larger than previous offerings within the ecosystem, the company said.
'With the launch of Privana North, we are not simply unveiling another phase, we are propelling the DLF Privana ecosystem into its next transformative chapter,' said Aakash Ohri.
'Privana is our answer to the growing demand from discerning buyers, in India and abroad, who seek future-ready, thoughtfully designed communities. A homogeneous enclave of expansive 4 BHK residences and penthouses, DLF Privana is more than a residential development, it is a curated community of like-minded families. As Gurgaon evolves into its 2.0 era, Privana North stands as a defining project, a benchmark of uncompromised living in the city's next iconic address,' he said.
'It brings together robust infrastructure, seamless connectivity, and world-class urban planning, from traffic systems to green cover, from sustainability to security, to create a neighbourhood that anticipates not just the needs of today, but the demands of tomorrow. This is for citizens who want it all, and expect more, in a truly global city,' he said.
Every tower features a well-appointed lobby with dedicated areas for cafés, lounges, mailboxes. Services such as dry cleaning, grocery, first-aid, and hobby corners spread across different towers, delivering a well-rounded, community-centric experience, it said.
Vertical transport within the towers is facilitated by eight high-speed elevators and two service elevators per tower. Entry to the development is via a 24-metrewide access road that helps reduce noise and pollution by creating a buffer from the main sector road, it said.
The planning and design of Privana North is by globally renowned firms including HB Design from Singapore for master planning, InSite International from Abu Dhabi for landscaping, Surbana Jurong from Singapore for traffic design, and Thornton Tomasetti from New York for structural engineering, with structural proofing by LERA, also based in New York.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Who is N Chandrasekaran? Farmer's son from Tamil Nadu, who owns Rs 980000000 home next to Mukesh Ambani, Nita Ambani's Rs 15000 crore Antilia, he works as…
Who is N Chandrasekaran? Farmer's son from Tamil Nadu, who owns Rs 980000000 home next to Mukesh Ambani, Nita Ambani's Rs 15000 crore Antilia, he works as…

India.com

time8 hours ago

  • India.com

Who is N Chandrasekaran? Farmer's son from Tamil Nadu, who owns Rs 980000000 home next to Mukesh Ambani, Nita Ambani's Rs 15000 crore Antilia, he works as…

Tata Group Chairman N Chandrasekaran (File) Natarajan Chandrasekaran, the chairman of Tata Sons, has lived an inspiring life that began in very simple surroundings. He was once one of the most trusted colleagues of Ratan Tata, the legendary head of the Tata Group. When Ratan Tata stepped down, Chandrasekaran was chosen to take charge of the group. Born into a farming family in Tamil Nadu, Chandrasekaran rose step by step through hard work, determination, and fresh ideas. Today, he is at the helm of India's biggest business group, which is valued at over 303 billion US dollars (about Rs. 30.37 lakh crore). He now lives in a luxury duplex home worth 11.47 million US dollars (around Rs. 98 crore), located close to Mukesh Ambani's famous residence, Antilia. Who is N Chandrasekaran? Natarajan Chandrasekaran, often called N Chandrasekaran, was born in 1963 in Mohanur, a small village in the Namakkal district of Tamil Nadu. He grew up in a simple farming family and did his schooling in a government school. A bright student from the start, Chandrasekaran went on to study at the Coimbatore Institute of Technology, where he completed his bachelor's degree in Applied Sciences. He later earned his Master of Computer Applications (MCA) from the Regional Engineering College in Tiruchirappalli, now known as NIT Trichy. N Chandrasekaran's journey from TCS Intern to CEO Natarajan Chandrasekaran, often called 'Chandra,' started his professional journey with Tata Consultancy Services (TCS) in 1987 as an intern. His hard work, sharp thinking, and leadership skills quickly stood out, helping him rise within the company. By 2007, he had already become the Chief Operating Officer (COO) of TCS. In 2009, at just 46 years old, Chandra was appointed as the Chief Executive Officer (CEO) of TCS, making him one of the youngest CEOs in Tata Group's history. Under his leadership, TCS grew into one of the world's largest IT services companies. In 2016, he was invited to join the Board of Directors at Tata Sons, and by 2017, he took over as Chairman of Tata Sons, succeeding Ratan Tata. Notably, he became the first person outside the Tata family to hold this position. Today, N Chandrasekaran ranks among the highest-paid corporate leaders in India. His annual salary is more than USD 16.27 million (about Rs 135 crore), and his estimated net worth is close to USD 100 million (around Rs 855 crore). N Chandrasekaran's special bond with Ratan Tata Chandrasekaran shared a very close and trusted relationship with Ratan Tata. Tata saw him as a dependable leader and a person with strong values. When Ratan Tata stepped down, he personally chose Chandrasekaran to lead the group forward. At the ET Awards for Corporate Excellence, Chandra recalled a touching memory about Tata's humility and kindness. He shared how Ratan Tata, despite being one of the biggest business icons of India, always insisted on welcoming him and even seeing him off personally, even when he was unwell. Chandra remembered telling him, 'Sir, you don't have to do this. ' But Tata would always insist. For him, doing the right thing was a matter of principle. He always put himself in others' shoes before making any decision, ensuring fairness and compassion.

Laid-off Bengaluru techie's ₹78k EMI sparks rent-versus-buy debate on homeownership
Laid-off Bengaluru techie's ₹78k EMI sparks rent-versus-buy debate on homeownership

Hindustan Times

time9 hours ago

  • Hindustan Times

Laid-off Bengaluru techie's ₹78k EMI sparks rent-versus-buy debate on homeownership

The story of a laid-off techie in Bengaluru has sparked debate on X about the risks of buying expensive apartments. The professional had purchased a ₹1.3 crore flat two years ago, putting down ₹50 lakh and committing to an EMI of ₹78,000 a month. After losing his job recently, his cousin, posting under the handle Wealth Whisperer, shared his financial struggles online, suggesting he sell the flat and reset his plans. A laid-off techie in Bengaluru, struggling with a ₹ 78k EMI on a ₹ 1.3 crore flat, has sparked an X debate on the risks of costly homeownership. (Representational Image)(Unsplash ) "Given the global headwinds, one should wait for some time before investing in a home loan if the person is dependent on one source of income," she told While homeownership offers a sense of security, steep EMIs can quickly turn into a burden when income stops. 'Monthly EMI becomes a nightmare when salary disappears,' one user wrote. Others, however, argued that property ownership still makes sense if EMIs are lower than rent, noting that unlike rent, EMIs remain fixed and do not increase every year. Also Read: Will Bengaluru real estate market be impacted as tech layoffs impact tenants and buyers? Experts weigh in Renting versus buying an apartment Her post quickly struck a chord with thousands of readers who weighed in on the classic rent-versus-buy dilemma. 'Is it really worth buying costly apartments these days, or should we just rent?' the user asked, adding that while owning a home feels like security, EMIs can end up owning the buyer. 'Renting gives flexibility, buying gives stability. Question is, what do we value most in today's economy,' the user asked. One user argued that property ownership still makes sense if EMIs are lower than comparable rent. 'You will, in any case, rent if you don't own. But unlike rent, EMI won't go up every year,' the commenter noted, while advising the family to consider selling the flat and moving to a Tier II city where costs are lower and homeownership more attainable. Others took a harder look at the risks of leveraged buying. 'The harsh reality of leveraged property purchases during uncertain times! Monthly EMI becomes a nightmare when income disappears,' another user wrote. They suggested a temporary moratorium from the bank, selling family gold to reduce the loan burden, and searching for a new job within six to seven months. Several voices echoed the view that Indian metros are increasingly unaffordable for middle-class buyers. 'Metros are now out of hand for a while. Sell the flat, shift, and invest in a Tier II city,' one commenter said, stressing that lifestyle and cost of living could balance out even if salaries are lower. The conversation also highlighted a broader financial lesson: the importance of emergency funds in cushioning the shock of layoffs and unexpected income disruptions. As one commenter summed it up, 'Dream homes can wait. Savings for survival can't.' Also Read: TCS layoffs: Will job cuts in the tech sector trigger a real estate downturn in Bengaluru? No safeguards in home EMIs in case of job losses, say financial experts Financial advisors say the case reflects a broader gap in how buyers prepare for long-term liabilities like home loans. 'Mainstream insurances may cover one to three months of EMIs, but there are no safeguards against layoffs,' explained Suresh Sadhgopan, a financial advisor. 'Borrowing money is a contract, the bank is looking for money back. If someone is laid off, they still have to pay.' Sadhgopan emphasized that anyone taking a home loan should maintain a liquidity buffer. 'For a major borrowing like a home loan, it's critical to keep a six-month to one-year corpus that can be liquidated in emergencies. That cushion makes it easier to manage shocks like job loss. Without it, there is very little room to manoeuvre.' He said that industry turbulence, especially in IT, makes such planning even more vital. 'For young professionals, it makes a lot of sense to stay on rent until the age of 35–38 and build a stronger financial base. Heavy loans and liabilities should be avoided when job markets are uncertain. Always have a plan B. Job losses are no longer unusual.' Professionals should set aside six months to a year's worth of EMIs as a buffer for home loan repayments, say experts Experts said that today the IT industry is turbulent, but that's also true for most industries. 'The simplest rule is that every borrower should be able to secure six months of EMIs as backup. For people in senior positions, or in industries where re-employment may take longer, keeping a one-year buffer is even more important,' Sadhgopan said. He explained that the job situation is crucial when one is making heavy investments like a home loan. 'My advice is simple: don't take on huge loans and liabilities when things are uncertain. If you do go for a loan, you must assess everything in your life carefully. Always have a Plan B. Job losses are not unusual anymore.' Bengaluru's housing sector dependent on IT headwinds, say experts Several tech firms have rolled out large-scale layoffs to rein in costs and streamline operations. At the same time, the rapid adoption of automation and artificial intelligence is reshaping the IT job market, with demand shifting toward niche skills in emerging technologies. While this transition is creating opportunities in advanced tech, experts note that hiring for traditional IT roles has slowed. According to Vestian Research, the IT-ITeS sector accounted for 40% of all real estate leasing in the city in 2024, highlighting its heavy dependence on the tech industry. With global tech firms continuing to announce layoffs, a decline in hiring and rising job losses could trigger a chain reaction, delaying home buying and rental demand, experts say.

Ecommerce, tech startups to lead fresher hiring in India for Jul-Dec: Report
Ecommerce, tech startups to lead fresher hiring in India for Jul-Dec: Report

Economic Times

time9 hours ago

  • Economic Times

Ecommerce, tech startups to lead fresher hiring in India for Jul-Dec: Report

Agencies Ecommerce and technology startups are expected to lead fresher hiring in India in the second half of 2025, with 88% of employers showing intent to recruit, a report said on Tuesday. The report titled 'Career Outlook Report (HY2 2025)' by TeamLease EdTech said that there is a strong job market for freshers, with retail (87%) and manufacturing (82%) following closely behind startups, which reflects broad demand for young talent across sectors. "The strong hiring intent in ecommerce & technology startups reflects the dynamic growth in this sector, creating exciting opportunities for freshers. "As industries evolve with technology, freshers who blend technical expertise with adaptability and human skills will find themselves well-positioned. The rise in degree apprenticeship programmes further underscores the demand for practical, skill-based learning pathways," TeamLease EdTech founder and CEO Shantanu Rooj said. The report is based on inputs from 1,065 employers across sectors during May and July. The report further revealed that the overall fresher hiring intent has slightly softened to 70% for July-December 2025, from 74% during January-June 2025, following AI-led workforce restructuring, global trade uncertainties, and a strategic focus on retaining experienced talent in core industries. However, opportunities for freshers remained robust in high-growth sectors, it added. Meanwhile, the report noted a steady rise in demand for degree apprentices, with Manufacturing (37%), Engineering and Infrastructure (29%), and Information Technology (18%) leading the way. Bengaluru, Chennai, and Pune are at the forefront of apprenticeship hiring intent at 37%, 30%, and 26%, respectively. Smaller organisations are also displaying a notable inclination to hire freshers compared to larger enterprises, though their hiring capacity remains relatively limited, the report said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Hacking, ransom, lawsuits: Why social engineering is TCS, Cognizant's latest headache Govt easing policies to boost growth; when will industry play ball? Can new shipping laws bury the ghost of British legacy? How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming Stock Radar: M&M hits fresh record high in August 2025; time to buy or book profits? Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus F&O Radar | Deploy Bull Call Spread in Nifty to play index reversal Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 20% in 1 year

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store