Info-x Buys Penthouse for Rs 1.90 Billion in DLF Camellias Gurugram

09 Dec 2024 CW Team

Info-x Software Technology, through its director Rishi Parti, purchased a 16,000 sq ft penthouse at DLF's ultra-luxury The Camellias in Gurugram for Rs 1.90 billion, marking one of the costliest apartment transactions in the country. The deal, which was registered on December 2, also included a Rs 130 million stamp duty payment, according to documents accessed from CRE Matrix, a real estate data analytics firm.

In October 2023, it was reported that the first Rs 1 billion transaction had taken place in the same residential complex located on Golf Course Road in Millennium City.

Ashwin Chadha, CEO of India Sotheby's International Realty, commented that the transaction highlighted India's growing economy and thriving businesses, which have contributed to liquidity in the market. He noted that the uber-luxury real estate sector has benefited the most, with top business leaders willing to invest substantial amounts in real estate, a trend that is spreading across the country.

The latest deal at The Camellias was finalized at Rs 120,000 per sq ft on a super area basis, which is one of the highest in the country. The surge in luxury real estate prices in Gurugram and Delhi’s upscale areas has caused prices of high-end apartments in Delhi’s southwestern suburbs and bungalows in the Lutyens zone to match those in Mumbai’s prestigious neighborhoods, with per-sq-ft prices exceeding Rs 120,000.

Approximately 15 per cent of the property owners at The Camellias have upgraded from DLF's other projects, 'The Magnolias' and 'The Aralias,' in Gurugram. The majority of buyers in The Camellias are from the Delhi-National Capital Region. Prominent property owners in the project include Aman Gupta, founder of BoAt; JC Chaudhry, founder of Aakash Educational Services; and Elan Group, a real estate firm. Additionally, several startup founders are reported to have purchased apartments in the same complex.

Infrastructure Urban

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..