Kamaal Property: DLF launches major residential project in Delhi

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If you are here, chances are that you are tired of your wife's nagging and have accepted the fate that it's time to move out of your parent's abode, which for years had been a paradise for you. If not, your parents must be planning to kick you out of the house. Still better, you are looking for a good investment opportunity. Or, have simply shifted base to a new city and looking for permanent accommodation.
But, for those hit by escalating costs…maybe, this blog can butt out 'the but' in your case. So, feel free to read it and leave your comments.

Thursday, April 9, 2009

DLF launches major residential project in Delhi

You would say that I am fickle minded, for today’s post in a way contradicts my last post – Real Estate prices are really…really down.

Most of you would wonder, when real estate prices are plummeting by the day why would the builders still invest in housing projects.

Ironically, the recession hasn’t stopped big builders from doing what they are best at – making residential buildings.

The latest to join the bandwagon is DLF. The realty major has launched a massive residential project in west Delhi.

Located on Shivaji Marg, the project will consist of 1,400 flats. The 18-floor structure, which will house 2BHK and 3BHK apartments, has been priced between Rs 5,000-6,000 per square feet.

To lure the buyers in the time of recession, the company also plans to offer a discount of Rs 500 per sq. ft for buyers who pay their instalment on time.

The size of the apartments will vary from 1,200 square feet to 1,525 square feet.

Now, now…isn’t it a rather ambitious project considering that the company plans to sell flats in the range of Rs 60-90 lakhs?

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