Breaking Down the Rs 190 Crore Gurgaon Penthouse: who’s The Buyer and Why The Hype
A penthouse in DLF Camellias, Gurgaon, has set a new record by selling for Rs 190 crore, making it one of India
A new record has been set in Gurgaon’s luxury real estate market, with the sale of a stunning penthouse in DLF Camellias for a staggering Rs 190 crore. This sale has not only shattered local price records but has also made waves across India’s real estate scene, cementing Gurgaon as the new hub for ultra-luxury properties in the National Capital Region (NCR). Let’s break down this record-breaking deal, who the buyer is, and why this sale has caused such a stir in the luxury housing market.
The Record-Breaking Deal
The luxurious penthouse, located in the prestigious DLF Camellias on Golf Course Road, measures a massive 16,290 square feet. With this enormous space, the per square foot price comes to Rs 1.18 lakh on super area and Rs 1.82 lakh on carpet area—numbers that easily surpass Mumbai's most expensive locales. To put this in perspective, the cost per square foot of this property beats the previous record held by Mumbai's Lodha Malabar apartments, which were priced at Rs 1.36 lakh per square foot.
This Rs 190 crore sale reflects a growing appetite for high-end residential properties in Gurgaon and signals a shift in the luxury market, with the city now comfortably outpacing Mumbai in terms of price per square foot for high-rise living. Real estate expert Samir Jasuja, CEO of Propequity, remarked, "This is the highest recorded price per square foot for a high-rise in India, putting Gurgaon miles ahead of Mumbai’s luxury market."
The Buyer: Rishi Parti
The buyer of this extraordinary penthouse is Rishi Parti, a prominent businessman and angel investor. Parti, 47, is the CEO and founder of Info-X Software Technology Pvt Ltd, a Gurugram-based tech company he co-founded in 2001. The property was purchased by Info-X Software Tech Pvt Ltd through its director, Rishi Parti. The deal, which was finalized on December 2, 2024, also saw a substantial stamp duty payment of Rs 13.30 crore.
Parti is no stranger to big-ticket investments, and this luxurious penthouse is a reflection of his success in the tech world. His purchase underscores the growing trend of high-net-worth individuals investing in ultra-luxury real estate in the NCR, particularly in Gurgaon’s elite enclaves.
Why the Hype?
So, why all the excitement surrounding this deal? There are several factors that make this sale noteworthy:
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The Price Tag: Rs 190 crore is an eye-popping amount for any property in India, but the per-square-foot pricing—Rs 1.18 lakh on super area—is what really stands out. This sale has pushed the boundaries of what’s possible in luxury living in India.
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The Location: DLF Camellias, where this penthouse is located, is one of Gurgaon’s most coveted addresses. The development is renowned for its world-class amenities, lush green surroundings, and proximity to key business districts in NCR. For high-net-worth individuals, it’s not just about the property but the lifestyle and exclusivity that come with living in such an iconic address.
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A Growing Market for Ultra-Luxury Real Estate: The demand for high-end properties in Gurgaon is booming, especially post-pandemic. Nearby developments like DLF Dahlias, which is setting new benchmarks with properties priced between Rs 60 crore and Rs100 crore, are also seeing significant demand. Real estate consultancy JLL reports that Delhi NCR accounted for 64% of luxury residential launches across India’s top seven cities in the first half of 2024, with Gurgaon leading the charge.
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Celebrity and Business Moguls Moving In: The Camellias is already home to several prominent figures from the business and startup world. From MakeMyTrip founder Deep Kalra to Den Networks' Sameer Manchanda, top executives and entrepreneurs are flocking to Gurgaon’s luxury developments, reinforcing the area’s status as India’s luxury real estate capital.
What Does This Mean for Gurgaon?
This Rs 190 crore sale not only sets a new benchmark for Gurgaon but also signals a shift in the luxury housing market. With more high-net-worth individuals looking for premium homes, Gurgaon is quickly becoming the go-to destination for those seeking exclusivity, space, and a world-class living experience. DLF Camellias has proven to be a hotspot for ultra-luxury real estate, and this latest transaction only solidifies its reputation.
Experts believe that we will continue to see a surge in high-end residential transactions in the region, as Gurgaon increasingly attracts global investors and affluent buyers looking for opulent living spaces. The sale also highlights the growing interest in premium properties in NCR, with luxury developments like DLF Camellias leading the way.
The Bigger Picture
While the Rs 190 crore penthouse sale has certainly turned heads, it’s just one of many high-profile transactions that are reshaping the luxury real estate landscape in Delhi NCR. As demand for these exclusive properties continues to rise, it’s clear that the region’s luxury market is on an upward trajectory.
With more iconic properties coming to market and a steady stream of high-net-worth buyers eager to snap them up, Gurgaon is poised to maintain its position as India’s luxury real estate capital for the foreseeable future. This Rs 190 crore deal may be the largest, but it is unlikely to be the last as the NCR luxury market continues to heat up.
Conclusion
The Rs 190 crore sale of the penthouse at DLF Camellias has set a new standard for luxury real estate in India, pushing the boundaries of what we thought was possible in terms of price and exclusivity. With buyers like Rishi Parti leading the way, and developments like DLF Camellias attracting top executives and business moguls, Gurgaon has firmly established itself as the epicenter of the country’s luxury real estate boom. As demand for high-end properties continues to grow, we can expect more record-breaking deals and new benchmarks in the years to come.
