Now Reading: Gurugram penthouse sold for Rs 271 crore, a national record
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Gurugram penthouse sold for Rs 271 crore, a national record
Entrepreneur Manav Sardana has bought a penthouse at DLF's The Dahlias in Gurugram for Rs 271 crore, the costliest single-unit transaction in India, the Economic Times reports. The penthouse has 17,200 sq…
The Story in Brief
Entrepreneur Manav Sardana has bought a penthouse at DLF's The Dahlias in Gurugram for Rs 271 crore, the costliest single-unit transaction in India, the Economic Times reports. The penthouse has 17,200 sq ft of super area and 10,500 sq ft of carpet area, working out to about Rs 2.6 lakh per sq ft on a carpet-area basis.
DLF's managing director Aakash Ohri told investors that the company has sold about 65% of the project's units, with prices exceeding Rs 1 lakh per sq ft on super area. He said 25-30% of buyers come from tier-2 cities and NRIs. Earlier, investor Madhusudan Kela bought a flat in the same project for Rs 120.7 crore.
The Indian Opinion
A Rs 271 crore penthouse sale is breathless news, but it says more about a sliver of the market than the whole. This single transaction is being spun into a narrative of a roaring luxury boom, while most Indians worry about home loan EMIs. Let us watch whether DLF's next phase of The Dahlias sells at similar premiums or whether this is a one-off peak. A single data point is not a trend.
Sources (2): economictimes.indiatimes.com, realty.economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
