Property giant DLF has set in motion a strategy to concentrate on ‘core’ operations, launching a 1.2 million sq ft luxury residential project in Gurgaon, ‘ The Skycourt’. This comes a day after it announced the $300-million sale of Aman Resorts, minus the Delhi property, part of the company’s non-core asset divestment agenda.
The launch of the 19-floor luxury apartment project in Gurgaon’s Sector 86 is the first big project from DLF this financial year. Apartments in The Skycourt are priced between Rs 1.14 crore and Rs 1.53 crore. There are 674 units spread over 13 acres and it is learnt DLF got a little over 700 applications right on the first day.