DLF sells 150 plots in Gurgaon for over Rs 500 cr

Country's largest realty firm DLF has sold 150 plots, garnering more than Rs 500 crore, in a township project at Gurgaon, sources said.

DLF launched yesterday a 100-acre township 'Alameda' in Gurgaon.

In the first phase, it released 150 plots at Rs 60,000 a sq yard with inaugural discount of 10 per cent and they were sold within a few hours of the launch, sources said. The plots are available in two sizes -- 540 and 700 sq yards.

DLF has launched plots in Gurgaon after a gap of few decades, although it has been developing many group housing project there.

The company achieved a sales realisation of more than Rs 500 crore, with an average price for each plot at about 3.5 crore, sources said, adding that it received more than 150 applications.

DLF spokesperson could not be reached for comments.

DLF would launch another 200 plots in the township, where it plans to develop shopping centre and provide facilities like healthcare and recreational facilities for the residents.

At present, the company has 406 million sq ft develop-able area in-hand, out of which construction is under way in 57 million sq ft of area.