DLF Sells Luxury Penthouse In Gurugram For Rs 271 Crore: Report
Real estate developer DLF has sold a luxury penthouse in Gurugram for Rs 271 crore, marking one of the most expensive residential deals in the region. The sale is part of the company's 'The Dahlias' project, which has seen strong demand despite recent fluctuations in sales bookings.
Why it matters
The record-breaking transaction underscores the booming demand for ultra-luxury real estate in India's major urban centers post-pandemic.
Realty major DLF Ltd has sold a penthouse for Rs 271 crore at its upcoming luxury housing project in Gurugram, making it one of the costliest deals in terms of per square feet, according to sources.In October 2024, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF Phase 5 in Gurugram, comprising 420 apartments and penthouses.Sources said the company has sold a penthouse in this project to entrepreneur Manav Sardana, who was associated with Imperial Auto.The penthouse has a 17,200 sq ft super area and a 10,500 sq ft carpet area.On the super area basis, DLF has sold the penthouse at Rs 1.58 lakh per sq ft, while the selling price is nearly Rs 2.6 lakh per sq ft on carpet area, sources said.A DLF spokesperson declined to comment on the sale.DLF is expecting a total revenue of more than Rs 40,000 crore from this project.
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