India’s biggest real estate developer, DLF Ltd., sold all luxury apartments in a $865 million project near New Delhi. The 1,113 residences were sold in just three days, with a quarter bought by non-resident Indians. The DLF Privana South project, spread over 116 acres in Gurugram, saw all four-bedroom and penthouse units sold out across seven towers. The demand for premium apartments in Delhi, Mumbai, Bengaluru, and Hyderabad, driven by rising incomes, has prompted more such projects. Despite measures to discourage bulk bookings, DLF managed to sell the apartments swiftly.
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