Viral picture of huge rush to buy flats in DLF Gurgaon; know the whole story

A picture of a huge crowd at the office of real estate developer DLF after the launch of a new project in Gurugram is going viral on the internet. Alok Jain, a Delhi-based research expert, posted a picture of people queuing up to buy luxury properties worth over Rs 7 crore. He also claimed that the real estate market was declining.

The founder of Weekend Investing said, “Someone sent me visuals from #DLF office where people are queuing up to buy luxury homes worth 7 cr+, where is real estate slowing down!!? According to a Moneycontrol article, Arbor, A new luxury development by DLF, the company’s first high-rise condominium in nearly ten years. Jain on Tuesday gave an update on the trending images. He claimed that a DLF dealer had informed him that all 1,137 apartments would be sold within three days. were sold at a price of Rs.7 crore each. He contributed the article “Mind Gone Numb”.

Responding to the message, several Twitter users claimed that brokers or investors may have made up most of the buyers. The viral picture has investors perplexed. Still no statement from the Managing Director of DLF. One person wrote on Twitter, ’90 per cent is bought by some group of investors / brokers. Have you been to Camellias at Gurgaon Golf Course? Everything is sold out from DLF. Go in the evening and see how many apartment lights are on. Less than 40 percent of residents, half of whom rent!”

Crest and Camellias was a recent attempt by DLF. The Arbor, which is spread over 25.8 acres and has five towers in Gurgaon’s Sector 63, according to reports. The apartment, which has a total of 39 floors and one ground floor, is reportedly offered at a base price of Rs 18,000 per sq ft and has a square footage of 3,900. There are three parking spaces available for each apartment, and they all have electric car charging stations.

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