Gurugram Penthouse Fetches Rs 271 Crore as DLF’s The Dahlias Matches India’s Top Addresses
Gurugram, August 10, 2026: Gurugram’s luxury residential market has entered a new league following entrepreneur Manav Sardana’s acquisition of a penthouse at DLF’s The Dahlias for Rs 271 crore. Sardana, who was associated with Imperial Auto prior to its acquisition by global private equity firm Warburg Pincus, secured what is now one of the most expensive single-unit residential transactions reported in India. More significantly, the transaction could rank among the country’s costliest residential deals on a per-square-foot basis. The penthouse features a 17,200 sq ft super area and a 10,500 sq ft carpet area, translating to approximately Rs 1.58 lakh per sq ft on super area and nearly Rs 2.6 lakh per sq ft on carpet area. Two people aware of the transaction confirmed that the deal stands as the costliest single-unit residential transaction in the country.
The distinction between the overall headline value and the per-square-foot price underscores the shift in the market dynamics. Mumbai continues to command the highest residential prices in India, with transactions in Worli and other prime locations crossing Rs 2 lakh per sq ft. However, several of Mumbai’s largest headline transactions have involved multiple apartments or very large combined residences, whereas the Sardana purchase is for a single residential unit. At nearly Rs 2.6 lakh per sq ft on carpet area, the deal places Gurugram remarkably close to, and potentially ahead of, some of the most expensive Mumbai residential transactions when measured on a single-unit, per-square-foot basis.
Mumbai has witnessed transactions of extraordinary scale, 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. Other notable transactions in Mumbai have fallen into the Rs 180–200-crore range. Nevertheless, the significance of the Dahlias transaction lies in its combination of a Rs 271-crore single ticket and nearly Rs 2.6 lakh per sq ft on carpet area, a pricing tier traditionally associated exclusively with Mumbai’s most tightly held trophy addresses.
The deal represents the latest milestone in the rapid evolution of DLF’s Golf Links ecosystem in Gurugram. Before The Dahlias, The Camellias had firmly established the area as one of India’s most exclusive residential addresses. In December 2024, entrepreneur Rishi Parti acquired a 16,290 sq ft penthouse at The Camellias for Rs 190 crore, at approximately Rs 1.8 lakh per sq ft on carpet area, which was then described as one of the most expensive high-rise residential transactions in India. The project has since seen several other large transactions, including an approximately Rs 114-crore sale of an 11,000 sq ft apartment, alongside multiple homes crossing the Rs 100-crore mark.
One of the most high-profile purchases at The Camellias was made by Ajit Jain, vice chairman of Berkshire Hathaway, who bought a 7,400 sq ft apartment for around Rs 85 crore. Jain, one of Warren Buffett’s closest executives who has largely lived outside India, travelled to Delhi to finalise the transaction, according to people aware of the deal. His purchase added another globally recognised business name to the list of ultra-high-net-worth individuals choosing DLF5 as a primary residential address.
The price escalation has been even more dramatic at The Dahlias. In October 2025, a Delhi-NCR-based industrialist acquired four apartments for close to Rs 380 crore, spanning more than 35,000 sq ft. The buyer already owned a residence at The Camellias and was looking to upgrade, making that transaction one of the largest super-luxury residential deals in North India. The project has also seen veteran investor Madhusudan Kela purchase an apartment for Rs 120.7 crore, further establishing the development as a benchmark Rs 100-crore-plus residential market.
The sheer scale of The Dahlias explains the concentration of these high-value transactions. The development comprises 420 residences across 29 levels and eight towers, spread over approximately 7.5 million sq ft, complete with 15 duplex penthouses and a 3.5 lakh sq ft clubhouse. DLF has positioned it as one of its most ambitious super-luxury residential developments, with an estimated project value exceeding Rs 40,000 crore. At the time of the earlier transactions, Aakash Ohri, DLF managing director and chief business officer, stated that around 34 units had been sold in the preceding quarter and the project was approximately 65% sold, adding that price realisation had crossed Rs 1 lakh per sq ft, with higher floors touching around Rs 1.20 lakh per sq ft on super area.
Ohri has also stated that 25–30% of the company’s business is now coming from the rest of India and overseas, including non-resident Indians, while the project continues to draw interest from the country’s wealthiest families. The buyer base is consequently becoming increasingly national and global rather than being restricted to the Delhi-NCR market.
The Rs 271-crore Sardana transaction marks the latest point in a rapid progression for the region’s real estate market. The momentum has moved steadily from Rs 85-crore purchases like Jain’s at The Camellias, to widespread Rs 100-crore-plus deals, the Rs 190-crore Camellias penthouse, Kela’s Rs 120.7-crore purchase, and the Rs 380-crore multi-apartment acquisition at The Dahlias, culminating in this record-setting single penthouse sale.
