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Gujarat-based Shreeram Group, who are into manufacturer and exporter of industrial and edible salts, has entered the real estate sector with an investment of Rs 500 crore in Dalcore for the development of luxury residential project in Gurgaon. Dalcore has partnered with YOO, a global design and lifestyle brand founded by Philippe Starck and John Hitchcox where they will develop The Falcon, a branded residential luxury project in Sector 53, Golf Course Road, Gurgaon.Spread across approximately 2 acres, this single tower will house around 96 luxury residences, offering 3 BHK and 4 BHK apartments.The residences will be priced at Rs 10 crore and above. The Falcon will be YOO’s first project in North India, in association with Dalcore. Previously, YOO has designed five projects in India across Pune and Hyderabad, with this being the sixth project in India. Additionally, YOO has collaborated with Lodha in Mumbai and DN Group in Bhubaneswar.“By joining hands with one of the world’s most celebrated design powerhouses, we aim to introduce a new language of lifestyle and design to Gurgaon. The location of The Falcon on Golf Course Road is a key differentiator; it offers exceptional connectivity and a robust social and physical infrastructure that complements the lifestyle we are creating,” said Sidharth Chowdhry, Managing Director, Dalcore.Live EventsWith more than 30 residential projects worldwide, YOO has Sky Oasis in Macau and Icon Brickell in Miami to Gramercy in New York in their portfolio. According to research by Knight Frank, the country ranks sixth globally in terms of live branded residential projects, contributing approximately 4% of the world’s supply. A projection by Noesis Capital Advisors indicates that the number of branded-residence projects in India could increase by nearly 60% by 2027, underscoring rising demand, especially in Tier-1 cities such as the NCR, Mumbai, and Bengaluru.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onThe FalconShreeram Groupluxury real estate Gurgaonresidential apartments GurgaonDalcoreGurgaon real estate investmentbranded residential projects IndiaGolf Course Road Gurgaon (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onThe FalconShreeram Groupluxury real estate Gurgaonresidential apartments GurgaonDalcoreGurgaon real estate investmentbranded residential projects IndiaGolf Course Road Gurgaon(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
