India’s largest listed real estate developer, DLF, has reported strong early demand for its upcoming super-luxury residential project, The Dahlias, with more than half of the inventory already sold even before its formal launch.
Speaking during the company’s third-quarter FY26 analyst call, senior management said buyer interest in the project has been “overwhelming”, underlining the continued strength of demand at the very top end of India’s housing market.
Aakash Ohri, Managing Director and Chief Business Officer at DLF Homes, told analysts that around 55–60% of the project’s units have already been taken up. The response, he said, reflects growing confidence among high-net-worth individuals and sustained appetite for premium, large-format homes.
The strong traction has prompted a sharp upward revision in the project’s estimated gross development value (GDV). DLF now expects The Dahlias to generate around ₹42,000 crore in sales, significantly higher than the earlier estimate of roughly ₹29,000 crore. The increase points to improved price realisation and highlights the company’s pricing power in the super-luxury segment.
Industry experts say the performance of The Dahlias mirrors a broader trend in India’s residential market, where demand for high-end and ultra-luxury homes has remained resilient despite higher interest rates and global economic uncertainty. Wealth creation, limited supply of marquee developments and a preference for branded developers have all contributed to this momentum.
The Dahlias is among DLF’s flagship residential projects and forms a central pillar of its luxury-led growth strategy. In recent quarters, the company has increasingly focused on premium and super-luxury housing, a segment that has driven both sales volumes and margins.
DLF’s management said the project’s progress reinforces its confidence in the long-term prospects of the luxury housing market. With strong pre-launch bookings and a significant upward revision in project value, The Dahlias is expected to play a key role in sustaining the company’s residential growth in the coming years.
