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Hindustan Times
13 hours ago
- Business
- Hindustan Times
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 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.
Time of India
24-05-2025
- Business
- Time of India
Donald Trump expands tariff threat to Apple, says 'Okay to go to India, but you're not going to sell in US without tariffs'
Photo/Agencies US President Donald Trump said on Friday (local time) Apple is free to build factories in India, but warned that if it does so, the company will face tariffs when selling its products in the United States. Trump made these comments on Friday while signing executive orders related to nuclear energy in the White House's Oval Office. He referred to a conversation with Apple CEO Tim Cook. "...But I had an understanding with Tim (Cook) that he wouldn't be doing this. He said he's going to India to build plants. I said, 'That's okay to go to India, but you're not going to sell into here without tariffs.' And that's the way it is," Trump said. He added, "We're talking about the iPhone. If they're going to sell it in America, I want it to be built in the United States." Trump threatened not only Apple but also other smartphone manufacturers with a 25 per cent tariff unless their devices are built in the United States. Trump initially said the tariff would apply only to Apple -- an unusual move to single out a specific company in trade policy. However, he later expanded the threat to include all smartphone makers. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like DLF Privana New launch 2025 | Luxurious 4 BHK & Penthouse Shapoorji Pallonji Group Enquire Now Undo "It would be also Samsung and anybody that makes that product, otherwise it wouldn't be fair," Trump told reporters in Washington, adding that the new tariffs would take effect by the "end of June." Earlier the same day, Trump posted on social media about the issue, saying iPhones sold in the US should be made domestically. He also warned of a 25 per cent tariff if Apple does not follow this. "I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25 per cent must be paid by Apple to the US. Thank you for your attention to this matter!" he said in the post. Trump threatens Apple with a 25% tariff if it doesn't build iPhones in America This is not the first time Trump has spoken about Apple's production plans. During his recent trip to Doha, he said he had asked the Apple CEO not to expand manufacturing in India and to focus instead on building in the US. "We have Apple, as you know, that's coming in, and I had a little problem with Tim Cook yesterday," Trump said in Doha while addressing business leaders. "I said to him, 'Tim, you're my friend. I treated you very good. You're coming here with USD 500 billion but now I hear you building all over India. I don't want you building in India. You can build in India if you want to take care of India because India is the highest, one of the highest tariff nations in the world. It's very hard to sell into India. And they've (India) offered us a deal where, basically they're willing to literally charge us no tariff,'" he said. Meanwhile, earlier in May, Cook had said during Apple's Q2 2025 earnings call that existing tariffs are determined by the country where the product is made. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
