HomeLatestIndia’s Costliest Penthouse Sells in Gurgaon

India’s Costliest Penthouse Sells in Gurgaon

In a milestone transaction for India’s real estate market, a penthouse in Gurugram’s elite DLF Camellias has been sold for ₹190 crore, making it the country’s costliest apartment deal to date. Spanning an impressive 16,290 square feet, the ultra-luxury property was purchased by Info-x Software Tech Pvt Ltd through its director Rishi Parti. This transaction redefines benchmarks in the National Capital Region (NCR), with a sale price of ₹1.18 lakh per square foot (super area) and ₹1.82 lakh per square foot (carpet area).

Industry experts note that this deal positions Gurgaon ahead of Mumbai’s luxury market, previously dominated by the record-setting ₹263 crore transaction at Lodha Malabar, Mumbai. The appetite for luxury housing has surged post-pandemic, with DLF Camellias leading the pack. The project has consistently attracted India’s wealthiest buyers due to its unmatched amenities, exclusive neighbourhood, and premium design. Gurugram’s luxury property market has now emerged as the new epicentre of high-end real estate in the country, with projects like DLF Dahlias already making waves in the segment.

From an urban perspective, such high-value deals highlight the concentration of wealth in elite neighbourhoods. However, they also raise questions about the disparity in housing access for the broader population. Civic concerns around equitable urban development and the sustainability of resources to accommodate luxury projects remain pressing issues. The demand for premium housing underscores the need for a balanced approach to urban planning, integrating affordable and sustainable housing options alongside luxury developments.

Sustainability is gaining traction even in ultra-luxury housing. High-rise developments like DLF Camellias are now embracing eco-friendly practices, including energy-efficient designs, smart resource utilisation, and green building certifications. While these initiatives align with global sustainability goals, the real estate sector must further prioritise reducing its carbon footprint and addressing climate change, ensuring a holistic future for urban living.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

Recent Comments

Mumbai RERA Orders Ghatkopar Builder Refund Rs 189 Crore Buyers

Mumbai RERA Orders Ghatkopar Builder Refund Rs 189 Crore Buyers

0
In a decisive enforcement of homebuyers’ rights, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed a Ghatkopar-based developer to refund ₹1.89 crore, along...
Mumbai To Host Rs 30000 Crore Green Data Centre Park

Mumbai To Host Rs 30000 Crore Green Data Centre Park

0
In a landmark move to strengthen India’s digital backbone while pursuing sustainability, the Maharashtra government has signed an agreement with a leading developer to...
Puranik Group Achieves 10000 Homes Delivery On Ghodbunder Road Thane

Puranik Group Achieves 10000 Homes Delivery On Ghodbunder Road Thane

0
Puranik Group has marked a significant milestone by delivering 10,000 homes along Ghodbunder Road, reinforcing its position as the largest organised housing developer on...
Navi Mumbai International Airport Offers 40 Minute Access From South Mumbai Via Atal Setu

Navi Mumbai International Airport Offers 40 Minute Access From South Mumbai Via Atal Setu

0
Navi Mumbai International Airport (NMIA) is nearing inauguration and is being positioned as a transformative hub that will ease congestion at Mumbai’s existing airport...
Mumbai RBI Acquires Metro Rail Nariman Point Plot Worth Rs 3472 Crore Lease

Mumbai RBI Acquires Metro Rail Nariman Point Plot Worth Rs 3472 Crore Lease

0
Mumbai’s commercial landscape witnessed a landmark development as the Reserve Bank of India (RBI) secured a 4.16-acre prime land parcel at Nariman Point from...