Luxury hits a high: Gurgaon apartment sold for nearly Rs 2 lakh per sq ft
Gurgaon's DLF Camellias has been sold for Rs 190 crore, marking it as the most expensive high-rise apartment transaction in the National Capital Region (NCR) and one of India's highest-ever price-per-square-foot deals. This 16,290-square-foot property was purchased by Info-x Software Tech Pvt Ltd through its director, Rishi Parti, according to real estate documents accessed by IndexTap.
Record-Breaking Price Per Square Foot
The deal sets a new benchmark for luxury real estate. Samir Jasuja, CEO of real estate analytics firm Propequity, highlighted, “This Rs 190-crore deal is the highest recorded per square feet price ever for a high-rise apartment in India, surpassing Mumbai by miles.” The transaction translates to Rs 1.18 lakh per square foot on super area and Rs 1.82 lakh per square foot on carpet area.
In comparison, Mumbai’s priciest areas command carpet area prices of up to Rs 1,62,700 per square foot. Previously, one of the costliest high-rise apartment transactions involved the purchase of three apartments in Mumbai’s Lodha Malabar for Rs 263 crore at Rs 1,36,000 per square foot (carpet area).
Luxury Real Estate Market Trends in NCR
The sale reflects the rising demand for luxury properties in Delhi NCR. Post-pandemic, the region has witnessed a surge in high-end residential transactions. DLF Camellias has long been NCR’s most expensive residential condominium, but new projects like DLF Dahlias are pushing the boundaries of ultra-luxury housing.
Located across the road from Camellias, the Dahlias project
