DLF to Launch Super-Luxury Project The Camellias 2 in Q3 FY25, Each Apartment to Cost Rs 40 Crore
exultant on the accomplishment of its ultra-luxurious project Aakash Ohri, Joint MD and Chief Business Officer of DLF Home Developers Ltd, told Moneycontrol that The Camellias, a listed real estate developer DLF Limited, plans to launch The Camellias 2 on Golf Course Road in DLF Phase-5 in Gurugram, with a sales potential of Rs 25,000 crore.
According to Ohri, The Camellias 2, also known as Lux 5, will be a “by invitation property” with extremely luxurious apartments. This indicates that purchasers are limited to purchasing units in this property by invitation, and the developer will verify the buyer’s background before completing the sale.
With a saleable area of almost 5 million square feet, the Camellias 2 project is situated on 17 acres of prime land in DLF Phase-5.
“We want to introduce The Lux5 or The Camellias 2 in DLF Phase 5 during the third quarter of 2024–2025. There will be about 420 extremely luxurious units in the project. We may launch about 50 units in the first phase and some in the second, since we will launch and sell this project in two to three phases, Ohri told Moneycontrol.