Gurgaon sets record with Rs. 190 crores 'Penthouse' sale

Gurgaon's elite DLF Camellias has sold a penthouse for Rs. 190 crore, breaking records. A new benchmark for high-rise apartment prices in the NCR is set by the sale, which is also one of India's most expensive transactions when it comes to cost per square foot.

Info-x Software Tech Pvt Ltd purchased the 16,290-square-foot luxury property through its director, Rishi Parti, according to property records accessed by IndexTap.

The penthouse was sold for Rs. 1.18 lakh per square foot on super area and Rs. 1.82 lakh per square foot on carpet area, surpassing Mumbai's priciest zones. A TOI report quoted Samir Jasuja, CEO of Propequity, as saying that this is the highest recorded price per square foot for a high-rise in India.

The most expensive high-rise deal in India was in Mumbai's Lodha Malabar, where three apartments were sold for $263 crore at $1.36 lakh per square foot (carpet area).

A growing appetite for luxury real estate in the Delhi NCR region is reflected in the transaction. High-end residential sales have exploded since the flu outbreak, with DLF Camellias consistently claiming the crown as the area's most sought-after residence. There are 400 bare-shell units priced between Rs. 60 crore and Rs. 100 crores at DLF Dahlias. Over 100 of these apartments have been sold during pre-launch, according to Jasuja.

According to real estate consultancy JLL, Delhi NCR accounted for 64% of luxury residential launches across India's top seven cities in the first half of 2024. India's luxury real estate hotspot continues to attract high-net-worth buyers seeking exclusive properties.