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Real Estate

Gurugram’s wild, wild realty gold rush: Who are the real buyers?

Gurugram’s wild, wild realty gold rush: Who are the real buyers?
Gurugram’s wild, wild realty gold rush: Who are the real buyers?
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Synopsis

In April, Ashiana Housing sold 224 units worth INR440 crore within 15 minutes of launch. Three weeks ago, DLF sold its luxury project, Privana West, worth INR5,590 crore in just three days. While developers say the boom is driven by end-users, the ground reality is quite different.

Harry Sachdeva knows the importance of timing his exit from an investment. The 46-year-old Gurugram resident has had a diversified career — as a film producer, liquor entrepreneur and now a real estate investor. “You can’t predict how your investments will play out, but you can plan the exit,” he says, thoughtfully. Sachdeva sold his joint venture (JV) company Arian Breweries & Distilleries to Spain’s largest beer marker and JV partner Mahou
( Originally published on May 28, 2024 )
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The Economic Times