The realty company had recently purchased 47 acres and 62 acres around Shimla and Kasauli respectively. Including land cost and development, DLF is planning to invest Rs 200 crore (Rs 2 billion) in these projects.
The Shimla project will comprise high-end residential villas, row houses on freehold plots.
The Kasauli township project will be more high-end. DLF is expected to develop luxury villas, condominiums and row houses. The villas would overlook a nine-hole golf course that DLF will develop. Prospective clients can pitch for freehold plots of 1,500-2,000 square yards.
In Kasauli, DLF is likely to introduce the concept of 'sale-by-invitation', which denotes exclusivity in terms of being eligible for ownership based on criteria such as education, background, compatibility with other residents etc. This is similar to a membership of an exclusive club, whereby applicants have to qualify.
Development at both sites is likely to take four to five years. As of now, DLF is planning a luxury hotel for the Kasauli township. There might be a hotel in Shimla, but it will not be as premium as the one in Kasauli.
DLF is expected to leverage easy connectivity to the proposed residential townships. The Shimla project will be located at Waknaghat, above the Delhi-Shimla highway, NH-22, between 5,200 feet and 6,300 feet.
From the complex, the Waknaghat railway station is four kilometers away and the Tara Devi airport is 14 kilometres.
The residential project near Kasauli is planned to be well connected by a branch road from the Kalka-Shimla road, with a distance of 36.5 km from Kalka and 35 km from Baddi.
The nearest railhead in Kalka would be just 40 km away from the proposed township and the nearest airports from Kasauli are Chandigarh and Shimla, 67 km and 45 km respectively from the complex.
Besides Shimla, DLF in the draft red herring prospectus for its initial public offering, said it would develop townships in Amritsar, Bangalore, Chennai, Chandigarh, Goa, Gurgaon, Ludhiana, Indore, Jaipur, Mumbai, and Pune.
