India’s Record-Breaking Luxury Real Estate Sale: Inside the ₹190 Crore Penthouse Deal at DLF Camellias

An ultra-luxurious penthouse at DLF’s prestigious Camellias in Gurugram has shattered records, becoming the country’s most expensive apartment sale. Spanning an impressive 16,290 sq. ft., this opulent property was sold for a staggering ₹190 crore, marking a new benchmark for high-end housing in the region.

The Details Behind the Deal

The purchase was made by Info-x Software Technology Pvt Ltd, with its director, Rishi Parti, at the helm of this acquisition. As revealed in documents accessed via CREMatrix, the deal was registered on December 2, with a stamp duty payment of ₹13.30 crore. The grandeur of the transaction signifies a growing trend of corporate elites investing in ultra-luxurious homes that offer not just a residence, but a lifestyle.

While the buyer and seller refrained from public comments, the property’s allure speaks volumes about its standing in India’s real estate hierarchy. This iconic penthouse, situated within Gurugram's thriving Golf Course Road, embodies a blend of architectural elegance and premium amenities.

The Growing Appeal of Gurugram

The sale is yet another affirmation of Gurugram’s emergence as a hub for uber-luxurious properties. Known as North India’s Billionaires’ Row, the area rivals Mumbai’s Altamount Road and Delhi’s Lutyens Zone. With its world-class infrastructure, thriving business ecosystem, and seamless connectivity, Gurugram is increasingly the first choice for India’s wealthiest individuals. The Camellias itself, launched as bare-shell units by DLF in 2014 at ₹22,500 per sq. ft., has witnessed remarkable appreciation. Recent transactions, such as an 11,000 sq. ft. apartment sold for ₹114 crore in October 2023, further solidify its status as a prime address for high-net-worth individuals.

Redefining Luxury Housing in India

Luxury real estate in India has transcended the traditional boundaries of space and construction. It is now a reflection of aspiration, lifestyle, and exclusivity. Properties like DLF Camellias offer residents a unique blend of privacy, world-class amenities, and proximity to urban conveniences.

As noted by Abhishek Kiran Gupta, CEO and co-founder of CREMatrix and IndexTap, “These high-value transactions underline the enduring appeal of luxury housing. Corporate CXOs and entrepreneurs are not only creating wealth but also investing in properties that symbolize their stature.”

The demand for such homes is fueled by their ability to provide a holistic living experience. From sprawling penthouses to lush green surroundings, the emphasis is on creating spaces that offer unparalleled comfort and exclusivity.

The Future of Luxury Real Estate

The allure of high-end properties isn’t just limited to Delhi NCR or Mumbai. As more projects like The Dahlias by DLF emerge along Gurugram’s Golf Course Road, the area is poised to compete with global luxury corridors, including New York’s Billionaires’ Row.

Regulations in heritage zones like Delhi’s Lutyens Bungalow Zone (LBZ), where construction norms are stringent, make properties in Gurugram an attractive alternative. Offering larger spaces, modern infrastructure, and unmatched facilities, Gurugram continues to redefine the benchmarks of luxury living in India.