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DLF Camellias in Gurugram has taken India’s real estate market by storm with a record-breaking deal. Rishi Parti, CEO of Info-x Software Technology, bought a 16,290-square-foot penthouse for ₹190 crore. This works out to a jaw-dropping ₹1.8 lakh per square foot, making it India’s most expensive high-rise apartment.

This deal has shifted the spotlight from Mumbai to Gurugram. Other big deals this year include:

• Two apartments at Oberoi Three Sixty West, Mumbai, sold to Great White Global for ₹225 crore.

• RR Kabel’s Shreegopal Kabra buying a property in the same building for ₹198 crore.

• Asha Mukul Agrawal of Param Capital purchasing three flats at Lodha Malabar, Mumbai, for ₹263 crore.

According to Samir Jasuja, Founder of PropEquity, Gurugram is now India’s new luxury real estate capital. He said older projects like DLF Aralias, launched 25 years ago at just ₹1,800 per square foot, set the stage for today’s luxury properties like Camellias.

Data from Anarock shows 2024 recorded 25 ultra-luxury deals worth over ₹40 crore in cities like Mumbai, Hyderabad, Gurugram, and Bengaluru. Together, these deals totalled ₹2,443 crore. While Mumbai still leads in overall numbers, Gurugram’s luxury projects have raised the bar.

Santosh Kumar, Vice Chairman of Anarock India, said Mumbai remains strong because of demand from celebrities and entrepreneurs. But Gurugram is catching up, with industrialists and startup founders choosing to live closer to their work.

The boom in luxury real estate is driven by growing wealth and the desire for lavish lifestyles. Experts predict this trend will grow in 2025 with more record-breaking deals.

For now, DLF Camellias stands as a proud symbol of Gurugram’s rise, proving the city is now a top destination for luxury living in India. For more insights into property trends and rental services, visit eazemyrent.com.