DLF is revealed LUX5 (DLF MINI CAMELLIAS OR CAMELLIAS 2) Gurugram with a Rs 25,000 crore super luxury housing project

Leading real estate developer DLF Ltd. has revealed plans to build the ultra-luxury Lux 5 (also known as Camellias 2 or Mini Camellias) house development on Gurugram’s Golf Course Road. With a projected income potential of around Rs 25,000 crore, the project, which spans more than 17 acres in DLF Phase-5, is anticipated to include more than 420 apartments. In an interview with PTI, Aakash Ohri, Joint Managing Director of DLF Home Developers, a division of DLF Ltd., provided project specifics.


Luxury Redefined

Speaking about the importance of the super luxury residential segment to DLF, Ohri said, “Super luxury residential segment is an important business for us.” Subsequent to the triumph of ‘The Camellias,’ the forthcoming undertaking will comprise roughly 420 residences, each measuring between 9,500 and 15,000 square feet and providing unmatched opulence.

Strategic Approach

For the project, DLF intends to use a staged approach, with construction scheduled to start in the current fiscal year. According to Ohri, “We will not be compromising on the price point and also the quality of customers.” The goal of the corporation is to sell the properties gradually so that the rollout may be steady and managed.

Strong Demand and Growth

There is still a significant market for upscale real estate, particularly for well-known labels like DLF. Ohri stated that it is confident in the market and that it has set a target of 15% growth in sales bookings for the current fiscal year, or Rs 17,000 crore. DLF intends to start a number of opulent housing developments in Mumbai, Goa, and Gurugram.

Financial Performance and Future Outlook

In the quarter that concluded in March, DLF recorded a 62% increase in its consolidated net profit to Rs 920.71 crore, with total income reaching Rs 2,316.70 crore. The company’s net profit for the 2023–24 fiscal year climbed to Rs 2,727.09 crore from Rs 2,035.83 crore the year before, while total income jumped to Rs 6,958.34 crore from Rs 6,012.14 crore.

About DLF

With a history of creating more than 158 real estate projects totaling more than 340 million square feet, DLF is the largest real estate company in the nation by market value. The business has over 44 million square feet of annuity portfolio with an annual rental income above Rs 4,000 crore, and 215 million square feet of future development potential across residential and commercial segments.
DLF’s latest luxury home project in Gurugram, LUX5 (CAMELLIAS 2 OR MINI CAMELLIAS), is a prime example of the company’s dedication to providing outstanding living environments and profiting from the robust demand in the luxury real estate sector.




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