Luxury Hits a High: Penthouse in DLF Camellias Sold for Rs Drag 190 Crore
A luxurious penthouse at DLF Camellias, situated in the affluent Golf Course Road neighborhood of Gurgaon, has sold for Rs 190 crore in a record real estate transaction.
According to real estate records that Index Tap was able to access, Info-x Software Tech Pvt Ltd bought this 16,290-square-foot property through its director, Rishi Parti.
In Gurugram, ultra-luxury real estate is in high demand. According to reports, the 16,290-square-foot penthouse sold for an astounding Rs 1.2 lakh per square foot on the super area and Rs 1.8 lakh per square foot on the carpet area.
Unbelievable Cost Per Square Foot
The transaction raises the bar for luxury real estate. "This Rs 190-crore deal is the highest recorded price per square foot ever for a high-rise apartment in India, surpassing Mumbai by miles," noted Samir Jasuja, CEO of real estate analytics firm Prop equity.
The super space will cost Rs 1.18 lakh per square foot, and the carpet area will cost Rs 1.82 lakh per square foot. In contrast, carpet area costs in Mumbai's most expensive neighborhoods can reach Rs 1,62,700 per square foot.
Who Is Rishi Parti?
Rishi Parti is a successful angel investor and businessman. At the age of 24, he co-founded Info-x Software Technology Pvt Ltd in 2001. His Gurugram-based business employs over 150 people in 15 countries and offers digital transformation and logistics solutions. In addition to Info-x, Parti is a director of Integrator Ventures Pvt Ltd and Find My Stay Pvt Ltd.
Why This Is Big News for the Real Estate Industry?
A number of factors, such as Gurugram's close proximity to Delhi, its strong infrastructure, and its developing reputation as a global center for business, are driving the demand for ultra-luxury real estate in the city.
Investors from all over the world are drawn to projects like DLF's Camellias and the future DLF The Dahlias initiative. These resorts, which appeal to the highest levels of society, combine cutting-edge technology, first-rate amenities, and gorgeous living spaces. This pattern reflects a larger global movement toward upscale, private homes. In this market, homes are more than just places to live; they are private havens for the wealthy, providing unparalleled exclusivity and comfort.
Trends in the NCR Luxury Real Estate Market
The sale is a reflection of Delhi NCR's growing demand for upscale real estate. High-end residential transactions have improved within the region after the pandemic.
Though new developments like DLF Dahlias are pushing the limits of ultra-luxury housing, DLF Camellias has long been the most expensive residential apartment in the National Capital Region.
The Dahlias project, which is across the road from Camellias, will have 400 apartments ranging in price from Rs 60 crore to Rs 100 crore. On an outstanding place basis, these residences are available for about Rs 65,000 per square foot.
Bottom Line!
With this historical deal, Gurugram is reinforcing its place in India's premium real estate market alongside Bengaluru and Mumbai, turning into a top global destination for prosperous living and elevating the bar for luxury in the country. So, if you are looking to buy a luxurious and exclusive property in Gurugram or Delhi NCR, then get in touch with Wealth Clinic now!