Camellias penthouse goes for ₹190 crore in Gurugram’s Golf Course luxury haven

New Delhi, December 7, 2024: Call it Gurgaon or Gurugram, but at INR190 crore for a 16,000 square foot residential unit, this Delhi suburb has now established an all-new record for the most expensive high-rise condominium apartment deal in the country. Registered on December 2, Info-x Software Technology Pvt Ltd, through its director Rishi Parti, bought the penthouse at DLF’s ultra-luxury The Camellias on Golf Course Road in Gurugram.

This is the highest recorded square foot price in India so far, translating into 1.2 lakh per sq fit of super area and 1.8 lakh per sq ft of carpet area. The stamp duty on the deal — INR13 crore — alone was worth a few ordinary luxury flats. It goes well beyond the sale of three flats in Mumbai’s Lodha Malabar last year for INR263 crore, or INR1.4 lakh per sq ft of carpet area.

Parti co-founded Info-x Software Tech Pvt Ltd in 2001. The Gurugram company provides logistics and digital transformation solutions, and employs 150 persons across 15 countries. Besides Info-x, Parti is also involved in multiple ventures, holding directorial roles in companies like Find My Stay Pvt Ltd and Integrator Ventures Pvt Ltd.

The mega deal once again focuses attention on uber-luxury housing, where the Delhi-NCR region has accounted for almost two-thirds of such ultra units launched in India’s top seven cities in the first half of 2024.

October last year saw a 11,000-square-foot apartment at The Camellias by DLF on Gurgaon’s Golf Course Road being sold for INR114 crore in a resale deal. DLF had sold the Camellias in Gurgaon as bare-shell units in 2014 at INR22,500 per sq. ft.

The deal also brings up the fact that customers are willing to pay astronomical amounts for the ‘right address’, and not just the construction quality and specs of the unit. Gurgaon’s Golf Course Road has thus become the new ultra-rich destination, rivalling the best addresses across the country such as Mumbai’s Altamount Road and Delhi’s Lutyens Zone.

DLF’s upcoming Dahlias project, facing The Camellias, is already seeing significant demand. The Dahlias project has sold over 100 apartments during its pre-launch phase, with prices ranging between INR60 crore and INR100 crore.