new delhi dlf the countrys biggest realtor has sold threefourths of its upscale flats in central delhi at rs 4 crore apiece within two days of launch in a sign that demand for such properties is alive and well despite the drift towards affordable housingdlf had launched the third and final phase of 150 flats each measuring 3000 sq ft or more of capital greens near moti nagar last friday a dlf spokesman confirmed the sale the company has received an overwhelming response he said adding that the final number will be known on monday the rush for dlf flats is further evidence that the indian realty sectors recovery is real and gathering pace after the sharp spurt in demand for affordable houses in recent months besides dlf developers such as ansal api orbit and uppal are developing highend apartments across india delhibased ansal is looking to launch upscale properties in lucknow later this year the prices will be in the range of rs 510 crore for villas of 40005000 sq ft said a spokesman orbit corporations boutique homes in mumbai will be sold for nearly 50000 a sq ft while the uppals are developing boutique luxury housing projects in the capital in areas such as vasant kunj and shanti niketan where the rates would be around rs 40000 a sq ft analysts say with the economy in shipshape and the job market ticking again consumers are regaining the confidence to invest in swank projects despite the rbis surprise interest rate hike last friday in suburbs and extended suburbs prices are more a function of location supply and job creation said a real estate analyst who did not want to be named as he is not authorised to talk to the mediano market illustrates this facet than delhi where the property market has long been beset by a space crunch he said adding that the stellar response for dlf flats should come as no surprise after the latest round the capital greens projects total sale value has shot up to around rs 3600 crore in the first phase dlf sold 1450 flats for rs 1300 crore in the second it sold 1250 flats for rs 1700 crore and in the last 300 flats were sold for rs 600 crore the company bought the 38acre plot in 2007 for rs 1650 crore even dlf a name typically bracketed with luxury housing veered towards affordable properties after the market got hammered by the slowdown as buyers kept away and lending dried up but a return to upscale properties may be in order with residential prices in metros such as delhi and mumbai expected to firm up further in the next few months due to a paucity of supply said analysts when does luxury become a necessitywhat is a better investment today real estate or equities