DLF's $4bn New Delhi luxury project needs four years to build

Big rise in number of wealthy Indians has created rush for high-end homes

20250127 Indian property developer DLF

Some 173 of the 420 units in the DLF luxury housing project getting underway near New Delhi have already been sold at around $8 million apiece.  © Reuters

MUMBAI (Reuters) -- India's DLF said on Monday it would take more than four years to build its $4 billion ultra-luxury project near New Delhi and that Indians living abroad were joining locals in snapping up apartments in one of the country's priciest developments ever.

DLF is targeting buyers as a rise in wealthy Indians has created not just a rush for high-end homes but also for Mercedes and Lamborghini cars, watches and even luxury bathrooms, trends that are emblematic of India's divides as hundreds of millions still depend on government food handouts.

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