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

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

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.

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.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?