Info-x Software Acquires ₹190 Crore Penthouse in DLF Camellias, Marking One of India’s Top Real Estate Deals

Info-x Software Technology Pvt Ltd bought an ultra-luxury penthouse in DLF’s Camellias in Gurugram for ₹190 crore. The penthouse, spanning 16,290 sq ft, became the most expensive apartment transaction in the country. The deal was registered with a stamp duty of ₹13.30 crore, and it was made through Rishi Parti, the company’s director, as confirmed by documents accessed by CREMatrix.

This deal marks a significant development in the luxury real estate market of Gurugram, particularly along Golf Course Road, which has become a hotspot for high-value properties. The Camellias development has consistently been a sought-after location for ultra-luxury homes. This is not the first large transaction at the project, as another apartment in the same development was sold in October 2023 for ₹114 crore. These sales reflect the growing demand for larger, high-end residences in Gurugram, positioning it as a strong competitor to Delhi NCR and Mumbai for luxury living.

In 2014, DLF sold the Camellias as bare-shell units at ₹22,500 per square foot. Since then, property values in the area have increased significantly, with recent sales indicating a strong upward trend. Real estate experts suggest that these transactions highlight the premium placed on location, amenities, and lifestyle in today’s luxury housing market. Buyers are increasingly willing to pay top prices for residences that offer exclusive facilities and a distinguished neighborhood.

Traditionally, luxury housing in India has been dominated by cities like Mumbai and Delhi. However, Gurugram has now emerged as a serious contender, with high-value deals positioning it alongside Delhi’s most expensive neighborhoods, such as Sundar Nagar, Malcha Marg, and the Lutyens Bungalow Zone (LBZ). The LBZ, a heritage zone in New Delhi, is known for its high-value properties and strict construction regulations, making it one of the most expensive residential areas in the country.

Experts note that the price of ₹190 crore for a penthouse in Gurugram is on par with the cost of a bungalow in these prestigious parts of Delhi. Despite strict regulations on construction in the LBZ, properties in this area continue to command some of the highest prices in India. However, developments like DLF’s Camellias and upcoming projects such as The Dahlias in Gurugram are beginning to offer similar levels of luxury, positioning the city as a rival to other top global real estate markets.

The increasing presence of high-net-worth individuals in Gurugram, particularly along Golf Course Road, has led some experts to refer to it as North India’s "billionaires’ row." With more ultra-luxury projects coming up in this area, Gurugram is now competing with some of the most expensive locations worldwide, such as New York’s Billionaire’s Row and London’s exclusive neighborhoods. The rise in high-value transactions in Gurugram reflects the growing interest in luxury housing among corporate executives and wealthy individuals looking for an aspirational lifestyle.

Real estate analysts believe that these high-value sales indicate a larger shift in India’s real estate market, with an increasing preference for luxury homes. Over the last few years, many corporate executives and entrepreneurs have seen significant wealth accumulation, driving demand for upscale residential properties.

Gurugram, with its prime location, exclusive developments, and rising property values, is positioning itself as a prominent player in the luxury housing sector. As more high-net-worth individuals look to invest in this area, its appeal in the luxury real estate market is expected to keep growing.

Image source- dlfindia.in