Dalcore to Invest ₹500 Crore in First YOO-Branded Residences in Gurugram
Dalcore to invest ₹500 cr in first YOO-branded residences in North India
Business Standard
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Dalcore, the real estate arm of the Shreeram Group, announced a ₹500 crore investment to develop its first YOO-branded residences in Gurugram, Haryana, India. The project, set for completion by 2031, aims to generate over ₹1,450 crore in revenue and includes 96 ultra-luxury residences priced from ₹10 crore.
- 01Dalcore is investing ₹500 crore in a YOO-branded project in Gurugram.
- 02The development will feature 96 ultra-luxury residences, including three penthouses.
- 0330% of the inventory has already been sold before the official launch.
- 04The project is expected to generate over ₹1,450 crore in revenue.
- 05This marks YOO's entry into the North India market.
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Dalcore, a real estate company under Gujarat's Shreeram Group, plans to invest ₹500 crore to develop a YOO-branded residences project in Gurugram, Haryana, India. The project will feature a single high-rise tower with approximately 96 ultra-luxury residences, including 93 apartments and three penthouses, spread over 5 lakh sq ft. Scheduled for completion by 2031, the development is projected to generate over ₹1,450 crore in revenue. Notably, 30% of the residences have already been sold to investors, primarily non-resident Indians (NRIs) from the UAE, Singapore, and the United States. This venture marks YOO's first entry into the North India market, with existing YOO-branded residences located in Pune, Hyderabad, and Mumbai. Dalcore's Managing Director, Sidharth Chowdhury, indicated potential future YOO-branded projects in the Delhi NCR region and expressed interest in expanding further in Haryana.
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The development of YOO-branded residences in Gurugram is expected to enhance the luxury housing market in the region, attracting affluent buyers and NRIs, which could lead to increased economic activity in the area.
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