DLF Camellias’ Penthouse sold out for Rs 190 crore- A Sign of Soaring Luxury Real Estate in Gurugram

DLF Camellias, one of the ultra-luxury residential projects in Gurugram has set the real-estate market rate on fire, thanks to the latest purchase of the penthouse. Info-x Software Technology Pvt Ltd, through its director Rishi Parti, spent Rs 190 crore for a 16,000 square foot penthouse at DLF’s ultra-luxury The Camellias in Gurugram according to an ET report.

The corporation paid a stamp duty of Rs 13 crore for the transaction, which was recorded on December 2. The materials were retrieved by CRE Matrix, a real estate data analytics firm. The first Rs 100-crore transaction in the same home development on Golf Course Road in Millennium City.

The most recent agreement at Camellias was completed at one of the highest prices in the country: Rs 120,000 per square foot on a super area basis.

The penthouse sold for ₹1.18 lakh per square foot on super space and ₹1.82 lakh per square foot on carpet area, outperforming Mumbai’s most expensive areas. According to a TOI report, Samir Jasuja, CEO of Propequity, stated that “this is the highest recorded price per square foot for a high-rise in India, putting Gurgaon miles ahead of Mumbai’s luxury market.”

Previously, Mumbai’s Lodha Malabar was India’s most expensive high-rise transaction, with three apartments sold for ₹263 crore at ₹1.36 lakh per square foot (carpet area). The acquisition illustrates the increased demand for luxury real estate in the Delhi-NCR region. Following the pandemic, high-end residential sales have skyrocketed, with DLF Camellias frequently ranking as the area’s most desirable address. Nearby, DLF Dahlias is setting new benchmarks with 400 bare-shell homes priced between ₹60 crore and ₹100 crore. According to Jasuja, more than 100 of these flats were sold during the pre-launch.

Surge in Luxury Stay in Gurugram

According to real estate firm JLL, Delhi NCR accounted for 64% of all luxury residential debuts across India’s top seven cities in the first half of 2024. The region continues to draw high-net-worth purchasers seeking premium residences, cementing its status as India’s luxury real estate hub.

Golf Course Road- Billionaire’s Region

Gurugram’s Golf Course Road, called North India’s Billionaires’ Row, is also swiftly becoming a hotspot for ultra-luxury buildings. Real estate analysts believe it will compete with Mumbai’s Altamount Road, Delhi’s Lutyens’ Zone, and New York’s Billionaires’ Row near Central Park. With high-end projects such as DLF’s Camellias, the neighbourhood is cementing its position as a prime worldwide destination for premium living, luring elite investors and redefining luxury in India and beyond.

Why is DLF Camellias is Most expensive project in Gurgaon?

The Camellias by DLF is known as one of India’s most luxurious and sought-after residential complexes, with units costing up to Rs 100 crore. It is located in one of Gurgaon’s most premium areas and has constantly set records for property sale prices in Delhi NCR, drawing top businessmen, CEOs, and high-net-worth individuals. As a result, it is unsurprising that the interiors will be everything but luxurious and opulent.

The Camellias, like DLF’s other landmark complexes, The Aralias and The Magnolias have transformed luxury living in Delhi-NCR’s ultra-urban neighborhoods. The Camellias, which was launched less than a decade ago at Rs 22,500 per square foot, has seen its value skyrocket. Its pricing approached Rs 85,000 per square foot, representing a nearly fourfold rise. This increase indicates Delhi’s growing desire for ultra-luxury real estate, which parallels Mumbai’s surge in high-value property transactions.

DLF Camellias has apartments with a size between 7500 to 11000 sq.ft. Then there are penthouses with the size between 13000 sq.ft to 16000 sq.ft.  The price of flats in DLF Camellias starts from Rs 60 crore and can go to Rs 200 crores.

FAQs

1) Who all lives in DLF Camellias?

Ans: DLF Camellias is the house for some of the top executives of billion-dollar companies. Some of the top names reside in DLF Camellias are-

Varun Alagh of Honasa, Ashneer Grover of BharatPe, Peyush Bansal of Lenskart, Vikram Chopra of Cars24, and Lokvir Kapoor of Pine Labs.

Then there are- JC Chaudhry of Aakash Educational Services, Hemant Agarwal of V-Bazaar Retail, Puneet Bhatia of TPG Capital, and Arvind Mendiratta of Hippo Stores.

2) Why invest in DLF Camellias?

Ans: There are few reasons to invest in DLF Camellias. These are-

Elite neighbors and amenities-

People are drawn to this project because of the elite neighbors. They get to live and interact with successful people, the who’s who of high society.

High Rentals

The monthly rent in DLF Camellias can reach as high as ₹20 lakh for an 11000 sq ft apartment. A 7500 sq ft apartment can fetch a monthly rent of ₹14 lakh.

Long-term investment return

By investing in DLF Camellias, investors are upgrading their lifestyle and keeping the long-term benefits.