Gurugram penthouse fetches ₹271 crore at ₹2.6 lakh per sq. ft.
A penthouse in Gurugram's 'The Dahlias' project was sold for ₹271 crore, marking one of India's most expensive residential real estate transactions. The deal highlights the surging demand for ultra-luxury properties in the Delhi-NCR region.
Why it matters
This transaction underscores the rapid appreciation of luxury real estate prices in India and the growing concentration of wealth in the high-end property market.
In a significant luxury residential real estate deal Entrepreneur Manav Sardana, who was associated with Imperial Auto that was acquired by global private equity firm Warburg Pincus, is learnt to have bought a penthouse at DLF’s The Dahlias in Gurugram for ₹271 crore, making it one of the most expensive residential transactions reported in India.
The penthouse has a 17,200 sq. ft. super built area and 10,500 sq. ft. carpet area, translating to approximately ₹1.58 lakh per sq. ft. on super built area and nearly ₹2.6 lakh per sq. ft. on carpet area making it among the costliest residential deals on a per-square-foot basis in India.
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