The real estate landscape in the National Capital Region (NCR) has just witnessed a monumental shift, with a penthouse in Gurgaon’s DLF Camellias selling for an astonishing Rs 190 crore, setting a new record as the most expensive high-rise condominium deal in the region. Purchased by Info-x Software Tech Pvt Ltd., the penthouse spans an impressive 16,290 square feet and has shattered previous luxury apartment price records in the region and possibly nationwide.
The Details of the Deal
The deal, which was officially registered on December 2, 2024, is not only noteworthy for its staggering price tag but also for the exorbitant price per square foot. The buyer paid approximately Rs 1.8 lakh per square foot based on the carpet area, translating to a super area rate of Rs 1.2 lakh per square foot. These numbers place the DLF Camellias penthouse far ahead of other luxury residential transactions in India, making it the highest recorded price ever for a high-rise apartment.
To seal this landmark transaction, Info-x Software Tech Pvt Ltd, through its director Rishi Parti, also paid a hefty Rs 13 crore in stamp duty, highlighting the immense value of the property and the rising demand for ultra-luxury residences in the NCR.
Why This Sale Is Significant
The DLF Camellias penthouse sets a new precedent in the uber-luxury real estate market, not only in Gurgaon but across India. Real estate data analytics firm Propequity’s CEO, Samir Jasuja, emphasized that the deal surpasses any high-rise apartment transaction in India, particularly in terms of price per square foot on carpet area, where it stands far ahead of luxury deals in cities like Mumbai.
While Mumbai has seen luxury properties fetching Rs 1.4 lakh per square foot in some of its high-end developments, the DLF Camellias sale breaks the threshold by reaching an unprecedented Rs 1.8 lakh per square foot. This highlights the growing allure of the NCR’s luxury real estate market, particularly for the ultra-wealthy buyers seeking expansive, high-end homes.
The Growing Boom of the Ultra-Luxury Market in Gurugram
This record-breaking deal also speaks volumes about the booming luxury real estate market in Delhi NCR. According to real estate consultancy JLL, Delhi NCR accounted for a staggering 64% of luxury residential launches across the top seven cities in India in the first half of 2024. This makes the region a dominant force in the country’s luxury real estate sector.
With global financial markets continuing to experience volatility, many high-net-worth individuals are turning their focus to real estate as a secure and appreciating asset. Gurgaon, in particular, with its proximity to Delhi and booming infrastructure, has become a hotspot for luxury developments, making projects like DLF Camellias highly desirable.
What Sets DLF Camellias Apart?
The DLF Camellias, one of the most prestigious residential projects in Gurgaon, offers a lifestyle that appeals to the ultra-wealthy. The project is designed with top-notch facilities and exclusive amenities, ensuring that residents enjoy the highest level of comfort and convenience. The DLF Camellias penthouse, with its panoramic views, expansive living spaces, and luxurious fittings, exemplifies the pinnacle of opulent living.
Looking Ahead: The Future of Gurgaon Luxury Market
The sale of this penthouse is a reflection of the growing appetite for luxury homes in the NCR, signaling that this trend is likely to continue in the coming years. As the region’s infrastructure improves and the demand for top-tier residential properties rises, we can expect more such record-breaking deals to emerge. The sale of the DLF Camellias penthouse for Rs 190 crore sets a new benchmark for the high-end real estate market and serves as a strong indicator that the NCR is cementing its place as one of the most sought-after luxury real estate hubs in India.
Stay tuned for more updates on the Gurugram market as it continues to evolve, and for more insights into the ever-changing landscape of luxury real estate in the region.
