Last year, a top executive snapped up a 16,290 sq ft penthouse at DLF Camellias for ₹190 crore. This works out to an astonishing ₹1,80,000 per sq ft.
The ultra luxury market is emerging rapidly in the real estate sector of India. In this series, giving tough competition to the big cities, Gurugram, adjacent to Delhi, has made a strong start and has also beaten Mumbai and Dubai in the ultra luxury home market. According to the news of Financial Express, Gurugram has emerged as a strong competitor for Mumbai and Dubai in the luxury real estate category, which has set up new standards.
Gurugram’s DLF Camellias project in the news
According to reports, till December 2024, Gurugram’s DLF Camellias project is leading the Indian real estate headlines, with record-breaking property deals putting the city ahead of both Mumbai and Dubai in the ultra-luxury segment. Last year, a top executive bought a 16,290 sq ft penthouse at DLF Camellias for ₹190 crore. This equates to an astonishing ₹1,80,000 per sq ft, establishing Camellias as India’s most expensive high-rise condominium.
A look at the prices in posh areas of Mumbai
- Juhu: Average property price – ₹55,000 to ₹60,000 per sq ft
- Malabar Hill: Average property price – ₹50,000 to ₹55,000 per sq ft
- Cuffe Parade: Average property price – ₹45,000 to ₹50,000 per sq ft
- Bandra Bandstand: Average property price – ₹40,000 to ₹45,000 per sq ft
- Tardeo: Average property price – ₹45,000 to ₹50,000 per sq ft
- Pali Hill, Bandra: Average property price – ₹35,000 to ₹38,000 per sq ft
- Worli Sea Face: Average property price – ₹36,000 to ₹39,000 per sq ft sq ft
- Breach Candy: Average property price – ₹23,000 to ₹25,000 per sq ft
- Seven Bungalows, Versova: Average property price – ₹30,000 to ₹32,000 per sq ft
- Hiranandani, Powai: Average property price – ₹74,000 to ₹76,000 per sq ft
- Altamount Road: Average property price – ₹57,000 to ₹59,000 per sq ft
- JVPD Scheme: Average property price – ₹38,000 to ₹40,000 per sq ft
Know the price in Dubai
- Silicon Oasis, Arjan, Motor City, Sports City, Dubai South: Average property price – AED 2,000 (₹40,000) per sq ft.
- Business Bay, Meydan, District One, Dubai Hills: Average property price – AED 2,500 to AED 3,500 (₹50,000 to ₹70,000) per sq ft.
- DAMAC Hills, DAMAC Lagoon, Marina Starting Point Palm Jumeirah: Average property price – AED 2,000 to AED 2,500 (₹40,000 to ₹50,000) per sq ft.
- Palm Jumeirah: Average property price – AED 5,000 to AED 50,000 (₹1,00,000 to ₹10,00,000) per sq ft
- Gurugram rising star
The DLF Camellias deal has not only caught the attention of the entire nation but has also outshone other high-profile real estate transactions across India. Here are some big deals that have surprised everyone. Two apartments in Worli’s Oberoi 360 West were acquired by a leading industrial group for ₹225 crore. Another big deal involved a 13,809 sq ft property on the 62nd floor of the same building for ₹198 crore. Three flats were bought in Mumbai’s Lodha Malabar for ₹263 crore. Besides, a ₹130 crore bungalow deal in New Delhi’s posh Kautilya Marg.
