A Rs 190 crore penthouse sale in Gurugram marks India’s most expensive high-rise deal, cementing the city’s elite property market status.
In Short
- A luxury penthouse in DLF Camellias is sold for Rs 190 crore in Gurugram
- The transaction has set a record for high-rise condominium deals in NCR
- The buyer, Rishi Parti, paid Rs 13 crore in stamp duty
In a record-breaking transaction, a luxury penthouse in DLF Camellias on Gurgaon’s Golf Course Road has been sold for Rs 190 crore, setting a new benchmark for high-rise condominium deals in India. This historic transaction marks the most expensive high-rise condominium deal in the National Capital Region (NCR) and ranks among India’s largest property deals.
As per reports, the 16,290-square-foot penthouse fetched an impressive Rs 1.2 lakh per square foot on the super area and Rs 1.8 lakh per square foot on the carpet area, underscoring the soaring demand for ultra-luxury real estate in Gurugram.
RISING DEMAND FOR LUXURY PROPERTIES IN GURUGRAM
This penthouse, part of DLF’s premium Camellias project, further cements Gurugram’s reputation as a burgeoning hub for high-end real estate.
Gurugram’s Golf Course Road, often called “North India’s Billionaires’ Row,” is rapidly emerging as a rival to Mumbai’s Altamount Road and Delhi’s Lutyens’ Zone. The area’s growing appeal, backed by premium developments like DLF Camellias, is attracting elite investors and wealthy buyers.
In fact, this sale’s per-square-foot pricing surpasses even Mumbai’s priciest hotspots, where luxury properties top out at Rs 1.62 lakh per square foot on the carpet area.
THE BUYER BEHIND THE DEAL
The buyer, Rishi Parti, founder and Managing Director of Info-x Software Tech Pvt Ltd, paid Rs 13 crore in stamp duty, with the transaction officially registered on December 2, as per the reports.
Parti, 47, is a seasoned entrepreneur and angel investor who co-founded Info-x Software Technology in 2001. The company, specialising in logistics solutions, employs over 150 people across 15 countries.
Parti also holds directorial roles in other ventures but remains primarily focused on Info-x. His acquisition of this ultra-luxury property reflects a growing trend of affluent individuals investing in exclusive real estate.
With this landmark transaction, Gurugram is solidifying its position alongside Mumbai and Bengaluru in India’s luxury real estate market, evolving into a premier global destination for elite living and redefining the standard of luxury in the country.
Source: IT, By: Jasmine Anand
