Now Reading: Manav Sardana buys Gurugram penthouse for record Rs 271 crore
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Manav Sardana buys Gurugram penthouse for record Rs 271 crore
The Economic Times reports that entrepreneur Manav Sardana has bought a penthouse at DLF's The Dahlias in Gurugram for Rs 271 crore, the costliest single residential unit ever sold in India. The…
The Story in Brief
The Economic Times reports that entrepreneur Manav Sardana has bought a penthouse at DLF's The Dahlias in Gurugram for Rs 271 crore, the costliest single residential unit ever sold in India. The 17,200 sq ft super area unit (10,500 sq ft carpet) works out to about Rs 2.6 lakh per square foot.
DLF said it has sold about 65% of the project's units, with prices exceeding Rs 1 lakh per sq ft on super area. The company noted strong demand from tier-2 city families and NRIs. Earlier, investor Madhusudan Kela bought a flat in the same project for Rs 120.7 crore.
The Indian Opinion
The Rs 271 crore penthouse sale is being touted as proof of a luxury housing boom, but the real story is narrower. It is one ultra-wealthy individual buying a trophy asset in a single project where prices start at Rs 100 crore. For most Indians, home affordability remains a distant dream. The real test will be whether DLF can sustain this momentum for the remaining 35% of units at The Dahlias without slashing prices.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
