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Dalcore to invest ₹500 cr for branded residences project in Gurugram; YOO says India set to become its biggest market
Dalcore to develop North India’s first YOO-branded boutique residences in Gurugram, featuring a 39-storey tower, tallest on Golf Course Road
Real estate firm Dalcore has launched The Falcon, an ultra-luxury branded residential project on Golf Course Road, Gurugram, in partnership with international design and lifestyle brand YOO Inspired by Starck. The company will invest ₹500 crore to develop the project, which has an estimated topline of ₹1,450 crore, it said on April 9.
Spread across a 2-acre land parcel, the boutique project located in Sector 53 will offer nearly 5 lakh sq ft of development and house 96 units, including 93 apartments and 3 penthouses. The mix comprises 61 three-bedroom and 31 four-bedroom residences, with prices expected to start at ₹10 crore, company officials said.
Apartment sizes will range from 3,400 sq ft to 4,211 sq ft. The development, planned as a 39-storey tower, is expected to be the tallest residential building on Golf Course Road and will offer panoramic city views through high-speed lifts, they said.
The target buyers include large investors, C-suite executives, businesspersons from South Delhi, and select end-users, sources said.
"We will invest ₹500 crore to develop this project comprising only one tower, the tallest on Golf Course Road with a height of 165 metres," Dalcore MD Sidharth Chowdhry told reporters.
"With YOO Inspired by Starck’s design vision and UHA’s architectural expertise, we are creating a residential landmark that goes beyond conventional luxury to offer a deeply curated living experience rooted in design, innovation, and long-term value,” he said.
Founded in 1999 by John Hitchcox and Philippe Starck, London-headquartered YOO has delivered over 85 projects across 36 countries. In India, the company has tied up for similar branded residences in cities such as Pune, Mumbai, Hyderabad, and Bengaluru, with plans to expand further into Pune, Kolkata, and Bhubaneswar.
YOO has completed 6-7 projects in India so far, with more in the pipeline
“YOO has at least six more projects in the pipeline in India, and the country is expected to become its largest market for the brand going forward,” said James Snelgar, partner and head of business development at YOO, adding that demand is also emerging from Tier 2 cities.
Dalcore is a real estate firm of the Gujarat-based Shreeram Group, which is into the manufacturing and export of industrial and edible salts. This is Dalcore's first project.
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. What began as a niche category has rapidly evolved into a defining feature of urban luxury, especially in markets like Delhi-NCR, Mumbai, Bengaluru and Pune. ”
Real estate consultant Cushman & Wakefield is the strategic marketing partner for this project.
YOO has collaborated with world-renowned designers including Marcel Wanders, Jade Jagger, Steve Leung, and Sussanne Khan.
Philippe Starck is one of the world’s most famous interior designers, and his work spans various domains, including furniture, electric bikes and architecture. In 1999, Starck joined forces with John Hitchcox to establish YOO. His eponymous collaboration at YOO, YOO Inspired by Starck, has successfully completed over 39 projects worldwide.
Also Read: From Elie Saab to Four Seasons: Why India’s ultra-rich are betting on branded residences
