Source : INDIA TODAY NEWS
Gurugram’s luxury property market has crossed another big milestone, with a penthouse at DLF’s ultra-luxury The Dahlias project reportedly selling for Rs 271 crore, far above the Rs 100 crore and Rs 200 crore price tags that have become increasingly common in the city’s super-luxury housing market.
The 17,200 sq ft penthouse was bought by entrepreneur Manav Sardana, who was associated with Imperial Auto, according to a PTI report.
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The deal works out to around Rs 1.58 lakh per sq ft when calculated on the super area and nearly Rs 2.6 lakh per sq ft on the carpet area. That makes it not just one of the biggest single-home purchases in India’s residential market, but potentially one of the country’s costliest residential deals on a per-square-foot basis.
RS 271 CRORE FOR ONE PENTHOUSE
The size of the transaction becomes clearer when compared with the prices at The Dahlias.
DLF launched the 17-acre super-luxury project in DLF Phase 5, Gurugram, in October 2024. The development comprises 420 apartments and penthouses.
Rregular apartments at the project are priced between Rs 100 crore and Rs 170 crore, while penthouses command a higher price. DLF expects the project to generate more than Rs 40,000 crore in total revenue and has already sold more than 65% of its units.
The penthouse bought by Sardana has a super area of 17,200 sq ft and a carpet area of 10,500 sq ft.
That difference is important because the Rs 271 crore headline price translates into two very different per-square-foot numbers: Rs 1.58 lakh based on the super area and almost Rs 2.6 lakh based on carpet area.
The latter puts the transaction in the territory of some of India’s most expensive residential addresses.
GURUGRAM’S RS 100-CRORE CLUB IS GETTING BIGGER
The Rs 271 crore transaction is the latest in a series of ultra-high-value home purchases in DLF’s Golf Links ecosystem in Gurugram.
Before The Dahlias, DLF’s The Camellias had already established the area as one of India’s most exclusive residential addresses.
In December 2024, entrepreneur Rishi Parti bought a 16,290 sq ft penthouse at The Camellias for Rs 190 crore. The deal worked out to around Rs 1.8 lakh per sq ft on carpet area.
The Camellias has also seen other major transactions, including an approximately Rs 114 crore sale of an 11,000 sq ft apartment, while several other homes have crossed the Rs 100 crore mark.
One of the better-known buyers at The Camellias is Ajit Jain, vice chairman of Berkshire Hathaway and one of Warren Buffett’s closest executives. Jain bought a 7,400 sq ft apartment for around Rs 85 crore.
THE DAHLIAS HAS ALREADY SEEN RS 100-CRORE-PLUS DEALS
The Dahlias itself has quickly developed into a market for India’s wealthiest homebuyers.
In October 2025, a Delhi-NCR industrialist bought four apartments for nearly Rs 380 crore. The homes together covered more than 35,000 sq ft.
Investor Madhusudan Kela also bought an apartment at the project for Rs 120.7 crore, adding another Rs 100-crore-plus transaction to the development.
The latest Rs 271 crore penthouse purchase therefore sits between the project’s earlier multi-apartment Rs 380 crore transaction and the more recent Rs 100-crore-plus individual home purchases.
But unlike the Rs 380 crore transaction, the latest deal involves one residential unit.
That makes the Rs 271 crore price particularly significant.
RS 2.6 LAKH PER SQ FT: WHY THE PRICE STANDS OUT
The per-square-foot figure puts the transaction closer to the pricing seen at Mumbai’s most exclusive residential addresses.
Mumbai continues to command some of India’s highest residential prices, with transactions in prime locations such as Worli crossing Rs 2 lakh per sq ft.
However, some of the city’s biggest headline deals have involved multiple apartments or very large combined residences.
The Dahlias transaction is different: it is for a single penthouse.
At nearly Rs 2.6 lakh per sq ft on carpet area, the deal potentially puts this Gurugram residence ahead of several high-value Mumbai transactions when measured on a single-unit, per-square-foot basis.
Mumbai has seen several extraordinary transactions, including Leena Gandhi Tewari’s roughly Rs 639 crore purchase of two sea-facing duplexes at Naman Xana in Worli and JP Taparia’s Rs 369 crore acquisition of a 27,160 sq ft triplex at Malabar Hill.
But the Rs 271 crore Dahlias deal combines a very large single-ticket value with an unusually high per-square-foot price.
WHAT MAKES THE DAHLIAS SO EXPENSIVE?
The project is one of DLF’s biggest bets on India’s ultra-luxury housing market.
The Dahlias comprises 420 residences across 29 levels and eight towers, spread across approximately 7.5 million sq ft. The development also has 15 duplex penthouses and a 3.5 lakh sq ft clubhouse.
DLF has positioned the project as a super-luxury residential development with a total project value of more than Rs 40,000 crore. At the time of earlier transactions, the company had said the project was around 65% sold, with price realisation crossing Rs 1 lakh per sq ft and higher floors touching around Rs 1.2 lakh per sq ft on a super-area basis.
The buyer base has also expanded beyond Delhi-NCR. DLF management has said that 25-30% of its business now comes from the rest of India and overseas, including NRIs, suggesting that its luxury projects are attracting wealthy buyers from a much wider pool.
The Rs 271 crore transaction also comes at a time when DLF’s overall sales bookings have slowed.
During the first quarter of FY27, DLF’s sales bookings or pre-sales plunged 94% to Rs 657 crore because the company did not launch any project.
For FY26, its sales bookings fell 5% to Rs 20,143 crore from a record Rs 21,223 crore in the previous financial year.
Despite the sharp fall in June-quarter bookings, DLF remains confident of achieving its Rs 20,000 crore sales bookings target for FY27.
The company reported a 4% rise in consolidated net profit to Rs 793.9 crore for the June quarter, although total income fell to Rs 1,605.56 crore from Rs 2,980.88 crore a year earlier.
DLF has developed more than 185 real estate projects covering over 352 million sq ft and has around 275 million sq ft of development potential across residential and commercial segments.
For the luxury housing market, however, The Dahlias is increasingly becoming a showcase for just how far prices at the top end of India’s residential market can go.
A Rs 100 crore home is no longer the biggest headline in Gurugram’s luxury housing market. The latest transaction shows that for India’s wealthiest homebuyers, Rs 200 crore is no longer the ceiling either.
– Ends
SOURCE :- TIMES OF INDIA
