INR 190 Crore Penthouse SOLD !! Gurugram Luxury Real Estate Shines Brighter With Another Expensive Luxury Deal
- 8th Dec 2024
- 1172
- 0
Never miss any update
Join our WhatsApp Channel
₹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
Comments
No comments yet.
Add Your Comment
Thank you, for commenting !!
Your comment is under moderation...
Keep reading blogs