A penthouse in Gurgaon's DLF Camellias has been sold for ₹190 crore, making it the priciest high-rise apartment transaction in the National Capital Region (NCR) and one of the highest price-per-square-foot deals in India.

The expansive 16,290-square-foot penthouse was acquired by Info-x Software Tech Pvt Ltd through its director, Rishi Parti, as reported by the Times of India. Official documents reviewed by IndexTap reveal that the company paid a stamp duty of ₹13 crore, and the transaction was officially registered on December 2, 2024.

India's Highest Price Per Square Foot: A Milestone in Luxury Real Estate

Samir Jasuja, CEO of Propequity, a real estate data analytics firm, emphasized the importance of this transaction to the Times of India, describing it as the highest price per square foot ever recorded for a high-rise apartment in India. "This amounts to ₹1.2 lakh per square foot on the super area and ₹1.8 lakh per square foot on the carpet area," Jasuja noted. He also provided insights into how Delhi NCR's luxury market compares to Mumbai's.

Mumbai's most expensive neighborhoods have carpet area prices reaching up to ₹1,62,700 per square foot. One of the previous high-end apartment deals involved the purchase of three apartments in Mumbai's Lodha Malabar for ₹263 crore, at ₹1,36,000 per square foot (carpet area).

DLF Camellias and DLF Dahlias: Redefining Ultra-Luxury Living

The sale at DLF Camellias highlights the ongoing growth of the luxury real estate market in Delhi NCR. According to JLL, a leading real estate consultancy, the region accounted for a substantial 64% of luxury residential launches in India's top seven cities during the first half of 2024, as reported by the Times of India.

DLF Camellias has long been the priciest residential condominium in NCR, but new developments like DLF Dahlias are raising the bar for ultra-luxury housing. Situated across from Camellias, the Dahlias project will offer 400 bare-shell units priced between ₹60 crore and ₹100 crore, with a price tag of around ₹65,000 per square foot on super area terms. According to Jasuja, more than 100 apartments have already been sold during the pre-launch phase.

 This surge reflects the rising demand and the thriving market for ultra-luxury homes in the area. With increasing interest from high-net-worth individuals, Gurgaon is emerging as a key destination for luxury residential developments, with DLF Camellias setting new benchmarks for high-value transactions.