Now Reading: Gurugram penthouse sold for Rs 271 crore, priciest in India
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Gurugram penthouse sold for Rs 271 crore, priciest in India
A penthouse in DLF's project 'The Dahlias' in Gurugram has been sold for Rs 271 crore, making it one of the most expensive residential transactions in India. According to reports, the property…
The Story in Brief
A penthouse in DLF's project 'The Dahlias' in Gurugram has been sold for Rs 271 crore, making it one of the most expensive residential transactions in India. According to reports, the property was bought by businessman Manav Sardana, associated with Imperial Auto. The super area of the penthouse is 17,200 square feet, and the carpet area is 10,500 square feet, translating to a price of approximately Rs 1.58 lakh per square foot on super area and about Rs 2.6 lakh per square foot on carpet area. Aaj Tak reports that this per-square-foot rate rivals Mumbai's most expensive property deals where prime locations like Worli command over Rs 2 lakh per square foot.
This deal comes after DLF's 'The Camellias' project, where entrepreneur Rishi Party had bought a 16,290 square feet penthouse in December 2024 for Rs 190 crore. The Gurugram luxury market has been heating up with several high-value transactions in recent months.
The Indian Opinion
The breathless coverage of this Rs 271 crore Gurugram deal as 'India's most expensive' glosses over a key fact: Mumbai's top transactions still command a higher per-square-foot rate. Calling this an upstart challenge to Mumbai overlooks that the absolute price is smaller than several Mumbai sales, and the per-square-foot cost, while near Rs 2.6 lakh, is inflated by a super-area calculation. The real test is not a single splashy buy but whether Delhi-NCR can sustain consistent premium deals that match Mumbai's depth. When will the next Rs 300 crore-plus Gurugram property change hands, and at what per-square-foot rate?
Source: aajtak.in
This story was synthesised by AI from the source linked above.
