DLF sells 1200 units in Panchkula in a week

Delhi-based DLF, India's largest real estate company by revenue, today stated that it has sold more than 1,200 units of the Panchkula Valley project in less than a week of opening sales.

"As against the 500 apartments of various sizes with independent floors announced under the first phase of the project, more than 1,200 bookings have already been received from across the region within the a week of the launch", stated a release from the company. About 650 units were sold on the first day of sale.

Rahul Mehta, executive director (north), DLF Home Developers said: "The largest chunk of buyers are defence officers who are finding it strategically located near Chandimandir cantonment. Inquiries have been coming in from Bangalore, Dehradun, Delhi, Shimla."

The DLF Panchkula Valley housing project is located on a plateau surrounded by hills and forests in the Pinjore Kalka Urban Complex Sector 3, near Chandimandir cantonment.

DLF has obtained necessary approvals from the government to develop these floors within the next two years of bookings.

The largest chunks of buyers are defence officers who are finding it strategically located near Chandimandir cantonment, Mehta said.

DLF, which has presence in 30 cities with 432 million sq ft of developable area in hand, said that launch of this project is in line with the company's major expansion plans in Punjab, Haryana and Himachal Pradesh.

In the next phase, DLF plans to launch group housing projects in the township, the official said.