DLF Ltd. is preparing to unveil The Dahlias, which is anticipated to be the most expensive luxury real estate project in India. This prestigious development will feature over 400 ultra-luxury apartments along the prominent Golf Course Road, with starting prices expected to be around ₹80 crore.
As reported by the Hindustan Times, the Dahlias is designed to occupy more than 17 acres and will offer apartments ranging from 9,500 square feet to 16,000 square feet, with an average size of about 11,000 square feet. The pricing structure is set at approximately ₹80,000 per square foot, which may result in average ticket prices nearing ₹100 crore.
According to Samir Jasuja, founder and CEO of PropEquity, a NSE-listed firm, all units are expected to be bare shell, and the initial launch price of these units will be around ₹80 crore. As buyers customize their apartments, the total price is expected to exceed ₹100 crore.
Once launched, The Dahlias will join the ranks of some of the world’s most prestigious residential areas, competing not only with ultra-luxury properties in Mumbai’s Altamount Road and Delhi’s Lutyens area, but also with New York’s Billionaires’ Row, situated at the southern edge of Central Park. This transformation underscores Gurugram’s growing reputation as India’s luxury capital.
The project is expected to feature an expansive clubhouse covering approximately 200,000 square feet, nearly double the size of DLF’s existing Camellias project. The Dahlias aims to offer residents a lifestyle akin to high-end developments in the United States and Europe, complete with cafes, walkways, and views overlooking a landscaped lake park.
Real estate experts estimate that the sales value of The Dahlias could reach around ₹34,000 crore, which is roughly 2.5 times higher than the value of DLF’s Camellias project. This positions The Dahlias among the most valuable real estate projects in India, equaling the total sales value of significant developments like Three Sixty West by Oberoi Realty in Mumbai.
The target market for The Dahlias primarily consists of ultra-high-net-worth individuals (UHNWIs). Many prospective buyers may already own properties in DLF’s previous luxury developments, including Camellias, Magnolias, and Aralias. The anticipated rental income for such properties is also noteworthy, with reports suggesting average rents for an 11,000-square-foot apartment in Camellias can reach ₹18 lakh per month, exceeding rental rates for A-grade commercial properties in Gurugram.
With the introduction of The Dahlias, Gurugram is positioned to lead the Indian real estate market in terms of luxury offerings. According to recent reports, Gurugram accounted for 55% of housing launches in the National Capital Region (NCR) in 2023, signaling a significant demand for high-end residential properties.
Buyers should also consider maintenance costs, which for ultra-luxury projects generally range between ₹6 to ₹8 per square foot, translating to monthly fees of around ₹60,000. This amount is comparatively lower than similar projects in Mumbai.
As DLF gears up for the launch of The Dahlias, the project promises to set a new benchmark for luxury living in Gurugram. With its combination of prime location, expansive living spaces, high-end amenities, and a competitive pricing strategy, The Dahlias is set to attract affluent buyers and further establish Gurugram as a key player in the global luxury real estate market.