INR 190 Crore Penthouse SOLD !! Gurugram Luxury Real Estate Shines Brighter With Another Expensive Luxury Deal

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  • 8th Dec 2024
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INR 190 Crore Penthouse SOLD !! Gurugram Luxury Real Estate Shines Brighter With Another Expensive Luxury Deal
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₹190 crore penthouse sold at DLF’s The Camellias as Gurugram's luxury real estate sector reaches another remarkable milestone.

This record-breaking deal highlights India’s growing economic strength and the rising demand for ultra-luxury properties.

Priced at ₹120,000 per sq ft, this transaction places Gurugram alongside Mumbai’s elite real estate market. With prominent business leaders and startup founders driving demand, Gurugram continues to solidify its position as a hub for opulent living and premium investments.

1. Who bought this Record-Breaking Penthouse Sale Sets Benchmark in Gurugram?

Rishi Parti, Director of Info-x Software Technology Pvt Ltd has bought this penthouse at DLF’s ultra-luxury project, The Camellias, in Gurugram for ₹190 crores. With a size of 16,000 sq ft, this property transaction in Gurgaon has become one of India’s costliest apartment deals.

2. ₹13 Crore Stamp Duty Signals Growing Market Liquidity

The property purchase, registered on December 2, involved a hefty ₹13 crore stamp duty, reflecting the buyer's confidence in India’s thriving luxury real estate sector. Documents from CRE Matrix, a real estate data analytics firm, provided insights into this landmark deal. 

3. Growing Economy Fuels Uber-Luxury Real Estate

Experts attribute such high-value transactions to India’s robust economic growth and flourishing business environment. This has led to increased liquidity in the market, benefiting the ultra-luxury real estate segment. Industry leaders observe a rising trend of prominent business figures investing heavily in premium properties across the country.

4. Penthouse Price Achieves Unprecedented ₹120,000 per Sq Ft

The deal’s super area price of ₹120,000 per sq ft sets a new national benchmark, comparable to premium locations in Delhi and Mumbai. This price surge cements Gurugram's status as a hotspot for luxury living.

5. Gurugram Matches Mumbai’s Elite Real Estate Pricing

The recent uptick in luxury property prices has brought Gurugram and Delhi’s high-end residential areas, like Lutyens’ Zone, on par with Mumbai’s prestigious neighborhoods. Per-square-foot rates in these regions now exceed ₹120,000, signaling the region’s growing desirability among affluent buyers.

6. Camellias Attracts Elite Upgraders

Approximately 15% of The Camellias’ residents have upgraded from DLF’s previous premium projects, The Magnolias and The Aralias. This reflects the project’s appeal as the next-level luxury address in Gurugram.

7. Prominent Business Leaders Dominate the Buyer List

The Camellias has attracted notable buyers from the Delhi-NCR region, including Aman Gupta, co-founder of BoAt; JC Chaudhry, founder of Aakash Educational Services; and prominent real estate players like the Elan Group. The project is increasingly becoming a hub for India’s entrepreneurial elite.

8. Startups Drive New Wave of Luxury Investments

The Camellias has also seen growing interest from startup founders, signaling a shift in the buyer profile towards younger, affluent entrepreneurs. This reflects a broader trend of wealth creation within India’s booming startup ecosystem.

9. Luxury Properties as a Status Symbol

For India’s business leaders and entrepreneurs, luxury real estate serves not only as a prime investment but also as a symbol of status and success. Gurugram’s emergence as a luxury hub aligns with the aspirations of this elite segment.

10. Gurugram Cements Its Position in Luxury Real Estate

The sale of the ₹190 crore penthouse and rising demand for ultra-premium properties reinforce Gurugram’s standing as a preferred destination for luxury real estate in India. With world-class infrastructure and proximity to the capital, the city is setting new benchmarks for opulence. 

 

ALSO READ :- 6 Facts That Prove India's Luxury Housing Market Will Soar in 2025


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