Dalcore to Invest Rs 500 Cr in Gurugram Luxury Homes

New Delhi, Apr 9 (PTI) Realty firm Dalcore on Thursday said it will invest Rs 500 crore to develop a luxury housing project at Gurugram, in partnership with a global design and lifestyle brand YOO.

Founded by Philippe Starck and John Hitchcox in 1999, London-headquartered YOO has done over 85 projects in 36 countries.

The project 'The Falcon', spread over 2 acre land parcel, will have 5 lakh sq ft area and comprises 96 units, including 93 apartments and 3 penthouses.

Dalcore on Thursday launched this branded residential project, located on Golf Course Road, in presence of Starck.

Dalcore is a real estate firm of Gujarat-based Shreeram Group, which is into manufacturing and exports of industrial and edible salts.

"We will invest Rs 500 crore to develop this project comprising only one tower, tallest on Golf Course Road with height of 165 metre," Dalcore MD Sidharth Chowdhry told reporters.

Apartments are expected to be priced at Rs 10 crore and above.


"We are introducing North India's first YOO-branded residences. This project reflects our commitment to bringing globally celebrated design philosophies to India's most discerning homebuyers," he said. Inspired by Starck's design vision and UHA's architectural expertise, Chowdhry said this project will offer a "curated living experience rooted in design, innovation, and long-term value."

Dalcore is expecting a total revenue of Rs 1,450 crore from this project, he said.

Starck's work spans across various domains, including furniture, electric bikes and architecture.

This is the first project of Dalcore.

YOO has done 6-7 projects so far in India and more are in the pipeline.

Shalin Raina, Managing Director, Residential Services, Cushman & Wakefield, said, "Branded residences are gaining traction within India's premium residential landscape, supported by evolving buyer preferences."

Real estate consultant Cushman & Wakefield is the strategic marketing partner for this project.