For an incredible ₹190 crore, Info-x Software Technology Pvt Ltd bought a magnificent penthouse in Gurgaon’s upscale DLF Camellias in a historic deal that has swept the country’s premium real estate market. This transaction, which was registered on December 2, has raised the bar, surpassing even the most expensive real estate in Mumbai and changing how people view the luxury property market in Delhi NCR.
Credits: MSN
A Record Price Per Square Foot
Spanning 16,290 square feet, the penthouse fetched an extraordinary ₹1.82 lakh per square foot, calculated on the carpet area. This eclipses Mumbai’s top-tier properties, which typically sell for around ₹1.36 lakh per square foot.
Unlike Mumbai, where prices are often based on the super area, this Gurgaon deal highlights a remarkable shift in valuation standards, emphasizing the growing allure of the Delhi NCR region for ultra-luxury investments.
DLF Camellias: A Jewel in Gurgaon’s Crown
One of India’s most luxurious residential addresses is DLF Camellias. It has become a sanctuary for India’s elite, renowned for its unparalleled amenities, innovative construction, and exclusivity.
Rishi Parti, the buyer, is in charge of Info-x Software Technology Pvt Ltd, which secured the property by paying an extra ₹13 crore in stamp duty. Situated in one of the most sought-after towers, the penthouse represents the pinnacle of opulent living.
Gurgaon Outpaces Mumbai in Ultra-Luxury Real Estate
Mumbai has long held a dominant position in India’s upscale real estate market. But this transaction marks a change in perspective. The founder and CEO of Propequity, Samir Jasuja, claims that Gurgaon is currently surpassing Mumbai in terms of ultra-premium housing costs per square foot.
“Gurgaon is now a preferred location for ultra-luxury investments due to this sale, which has redefined the real estate hierarchy,” Jasuja said. The price of ₹1.82 lakh per square foot is the highest in the nation, indicating that people are becoming more interested in the high-end residences in Delhi NCR.
Post-Pandemic Surge in Luxury Housing Demand
The transaction takes place while India’s real estate market, particularly in the luxury sector, is experiencing a post-pandemic rebound. As more wealthy people look for large, well-built homes, Gurgaon has become a key center for upscale residential real estate.
The demand for homes like DLF Camellias, where seclusion and luxury coexist harmoniously, has been further stimulated by trends toward remote work and the need for greater living areas.
The Rise of Ultra-Luxury Living in Delhi NCR
This penthouse purchase fits with a broader pattern in the premium real estate market in Delhi NCR. The success of neighboring developments like DLF Dahlias, where more than 100 units were sold during the pre-launch period alone, shows that developers in the area are catering to an increasingly affluent customer base.
This demand is being driven by the region’s advanced infrastructure, close proximity to commercial centers, and changing lifestyle choices.
Why Gurgaon is Gaining Ground
Gurgaon’s transformation from a corporate hub to a luxury housing destination has been remarkable. The city offers unparalleled connectivity, world-class amenities, and spacious properties, often at better value compared to Mumbai.
This record-breaking deal also signals a growing recognition of Gurgaon as a center for high-end living. For buyers like Rishi Parti, Gurgaon represents not just a residential choice but a lifestyle statement.
Credits: Latestly
Implications for India’s Real Estate Market
The ₹190-crore penthouse deal is more than just a record; it’s a bellwether for the future of India’s luxury real estate market. As Delhi NCR attracts high-net-worth individuals (HNIs) and global investors, Gurgaon is likely to see a further rise in ultra-luxury housing demand.
For developers, this transaction sets a new standard, pushing them to deliver even more exclusive offerings. For the industry, it reinforces India’s growing appetite for premium real estate.
Conclusion
The purchase of the ₹190-crore penthouse at DLF Camellias by Info-x Software Technology Pvt Ltd marks a turning point for Gurgaon and the premium real estate market in India. In addition to enhancing Delhi NCR’s standing as a top real estate destination, this remarkable sale also reveals a wider change in the tastes of wealthy purchasers.
This sale demonstrates Gurgaon’s increasing supremacy in the ultra-luxury market and paves the way for even more record-breaking deals in the future, as the city continues to draw top-tier investments.
