Gurgaon: Penthouse in DLF Camellias sold for Rs 190 crore to Rishi Parti
A penthouse at the elite DLF Camellias in Gurgaon has sold at a price of a remarkable ₹190 crore. As a landmark real estate sale, this will be one new benchmark for luxury apartments in the NCR and India. Executed by Info-x Software Tech Pvt Ltd through its director Rishi Parti, it may well be the most expensive purchase in the country in terms of price paid per square foot.
Record-Breaking Numbers
The super luxury property, sized at 16,290 square feet, was sold off at an unprecedented ₹1.18 lakh per square foot in the super area and at ₹1.82 lakh per square foot on the carpet area, thus outdoing Lodha Malabar, Mumbai, which clocked its previous high through selling apartments at ₹1.36 lakh per square foot (carpet area).
Samir Jasuja, CEO of Propequity, remarked, “This is the highest recorded price per square foot for a high-rise in India, putting Gurgaon miles ahead of Mumbai’s luxury market.”
Gurgaon Emerges as a Luxury Real Estate Hub
It’s a sale which underlines the emergence of Gurgaon as a lead market for ultra-luxury housing traditionally dominated by Mumbai. Even post-pandemic, demand for luxury properties is surging as the Delhi NCR region accounted for 64 per cent of launches in luxury residential across the top seven cities in the first half of 2024, JLL – real estate consultancy said.
DLF Camellias, long considered the most prestigious address in Gurgaon, continues to draw HNIs with unmatched facilities and prime location. Neighboring developments like DLF Dahlias are also pushing the envelope with 400 bare-shell units in the ₹60 crore-₹100 crore bracket. But what is surprising is that more than 100 units have been sold in the pre-launch phase itself.
Redefining India‘s Luxury Real Estate Market
This deal highlights the increasing demand for elite properties in India. With the sales of luxury properties on a high in NCR, developers are trying to stretch the boundaries with innovative designs, world–class amenities, and strategic locations that satisfy the taste buds of HNIs.
The Gurgaon penthouse sale not only redefines the city‘s skyline but also signals a broader shift in India‘s real estate dynamics. With record-breaking deals like this, Gurgaon is solidifying its position as a premier destination for luxury living.
Industry Impact
This historic sale will be seen affecting the luxury housing market of India, leading to more investments in ultra-premium projects. Other developers in cities can take the cue from the success story of Gurgaon, which can boost the overall quality of high-end real estate in the country.
Waiting for More Developments
As the real estate community celebrates this milestone, all eyes are on DLF for additional insights into this record-breaking deal. With Gurgaon’s luxury market booming, the city is poised to remain at the forefront of India’s premium property landscape.
Conclusion
The sale of the penthouse at DLF Camellias for ₹190 crore not only marks a new benchmark for luxury real estate but also shows the robust demand for exclusive properties in the NCR. This trend underlines the growing importance of the region in the global real estate market, making Gurgaon a key player in shaping India’s ultra-luxury housing sector.
