Now Reading: Gurugram penthouse sold for ₹271 crore in record deal
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Gurugram penthouse sold for ₹271 crore in record deal
Entrepreneur Manav Sardana, associated with Imperial Auto until its acquisition by Warburg Pincus, has bought a penthouse at DLF's The Dahlias in Gurugram for ₹271 crore. The 17,200 sq ft (super area)…
The Story in Brief
Entrepreneur Manav Sardana, associated with Imperial Auto until its acquisition by Warburg Pincus, has bought a penthouse at DLF's The Dahlias in Gurugram for ₹271 crore. The 17,200 sq ft (super area) unit works out to ₹1.58 lakh per sq ft on super area and ₹2.6 lakh per sq ft on carpet area, making it one of India's costliest single-unit residential deals, reports The Hindu.
The Dahlias, a 420-home project across eight towers, has seen other big transactions: Madhusudan Kela paid ₹120.7 crore, and a Delhi-NCR industrialist bought four apartments for ₹380 crore. DLF's FY26 sales bookings from the project stood at ₹4,828 crore. Mumbai still commands higher per sq ft rates, with Worli deals crossing ₹2 lakh per sq ft.
The Indian Opinion
The ₹271 crore deal fuels talk of Gurugram overtaking Mumbai in luxury real estate, but per sq ft rates in Worli remain higher. Hyping a single transaction as a market trend ignores that such sales are rare and often timed. The question is whether DLF can sustain sales at these prices, or if this is a peak. Watch the next quarterly booking figures for the answer.
Sources (2): thehindu.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
