In the most expensive apartment deal ever recorded in India, a sprawling penthouse at DLF’s Camellias has been sold for ₹190 crore.
As published by Hindustan Times, the transaction, completed by Info-x Software Technology Pvt Ltd through its director, Rishi Parti, was registered on Dec. 2, 2024, according to property documents reviewed by CRE Matrix and IndexTap.
The 16,290-square-foot penthouse is located on Gurugram’s exclusive Golf Course Road, an area known as North India’s “Billionaires’ Row.” The deal included a stamp duty payment of ₹13.30 crore.
The sale highlights the ongoing growth in India’s luxury housing market, particularly in Gurugram. According to real estate experts, the city has become a key player in the country’s ultra-luxury segment, challenging the dominance of Mumbai and Delhi.
“When we talk about luxury housing in India, it’s always been Mumbai and Delhi NCR. This transaction reaffirms Gurugram’s place among the top,” said Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix and IndexTap. “Corporate leaders and wealthy individuals are increasingly choosing real estate as their top investment and a status symbol.”
In October 2023, an 11,000-square-foot apartment at The Camellias sold for ₹114 crore, further underscoring Gurugram’s rising prominence. These deals now rival the prices of New Delhi’s poshest areas, including Sundar Nagar, Malcha Marg, and the Lutyens Bungalow Zone (LBZ), which remains one of the country’s most exclusive residential zones.
Initially sold in 2014 as bare-shell units priced at ₹22,500 per square foot, The Camellias has seen remarkable appreciation. Buyers are willing to pay premiums for properties that offer more than just living space — they demand unmatched amenities and a prime location.
While Mumbai’s Altamount Road and Delhi’s LBZ have long been synonymous with India’s ultra-luxury real estate, Gurugram’s Golf Course Road is now vying for that title. With projects like The Camellias and DLF’s upcoming The Dahlias, the area is becoming a major draw for India’s wealthiest families.
Experts compare Gurugram’s rise to international luxury markets such as New York’s Billionaires’ Row near Central Park.
The ₹190 crore sale of a penthouse at The Camellias redefines India’s luxury real estate market. Gurugram’s ascent as a hub for high-value transactions is a testament to its growing appeal among the ultra-rich, cementing its place alongside Mumbai and Delhi as a leader in the country’s elite property segment.