NIFTY 50

Demand rebounding in mid-income segment, says DLF

Updated : December 03, 2020 04:53:47 IST

DLF sold about 90 independent floors worth over Rs 300 crore in Gurugram. They also plan to launch more such projects as demand for premium residential properties has revived in the last few months.

“We see demand coming back in a big way in the mid-income segment post lockdown,” said Ashok Tyagi, Whole Time Director of the company in an interview to CNBC-TV18.

DLF launched these 90 premium apartment priced between Rs 3 crore and Rs 5 crore each and all sold out on day one, he said.

“Part of it may have been the pent-up demand during the lockdown, but it does look like that the demand, not only for mid-income housing but also for premium housing is coming back and we are now looking at launching products across different income segments,” said Tyagi.

The real estate developer is also plotting timelines for launches across National Capital Region (NCR), both Gurugram and Delhi over the next 18 months.

For entire interview, watch video
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you