Gurugram’s luxury real estate market has reached another major milestone, with a penthouse at DLF’s ultra-luxury The Dahlias reportedly being sold for Rs 271 crore. The transaction far exceeds the Rs 100 crore and Rs 200 crore price points that have become increasingly familiar in the city’s super-luxury housing segment.
According to a PTI report, the 17,200 sq ft penthouse was purchased by entrepreneur Manav Sardana, who was associated with Imperial Auto.
The transaction translates to around Rs 1.58 lakh per sq ft when calculated on the super area and nearly Rs 2.6 lakh per sq ft based on the carpet area. This makes it one of the largest single-home purchases in India’s residential property market and potentially one of the country’s most expensive residential transactions on a per-square-foot basis.
RS 271 CRORE FOR A SINGLE PENTHOUSE
The scale of the transaction becomes clearer when compared with pricing at The Dahlias.
DLF launched the 17-acre super-luxury development in DLF Phase 5, Gurugram, in October 2024. The project consists of 420 apartments and penthouses.
Regular apartments at the development are priced between Rs 100 crore and Rs 170 crore, while penthouses are available at significantly higher prices. DLF expects the project to generate more than Rs 40,000 crore in total revenue and has already sold over 65% of its units.
Sardana’s penthouse has a super area of 17,200 sq ft and a carpet area of 10,500 sq ft.
The distinction is significant because the Rs 271 crore transaction produces two different per-square-foot values: approximately Rs 1.58 lakh based on the super area and nearly Rs 2.6 lakh based on the carpet area.
The carpet-area calculation puts the property among some of India’s most expensive residential addresses.
GURUGRAM’S RS 100-CRORE CLUB CONTINUES TO EXPAND
The Rs 271 crore transaction is the latest in a series of extremely high-value residential purchases in DLF’s Golf Links ecosystem in Gurugram.
Before The Dahlias, DLF’s The Camellias had already established the neighbourhood as one of India’s most exclusive residential destinations.
In December 2024, entrepreneur Rishi Parti purchased a 16,290 sq ft penthouse at The Camellias for Rs 190 crore. The transaction amounted to approximately Rs 1.8 lakh per sq ft based on carpet area.
The Camellias has recorded several other major transactions, including an approximately Rs 114 crore sale involving an 11,000 sq ft apartment, while multiple other homes have also crossed the Rs 100 crore threshold.
Another prominent buyer at The Camellias is Ajit Jain, vice chairman of Berkshire Hathaway and one of Warren Buffett’s closest executives. Jain purchased a 7,400 sq ft apartment for around Rs 85 crore.
THE DAHLIAS HAS ALREADY RECORDED RS 100-CRORE-PLUS DEALS
The Dahlias has quickly emerged as a destination for some of India’s wealthiest homebuyers.
In October 2025, a Delhi-NCR industrialist purchased four apartments for nearly Rs 380 crore. Together, the properties covered more than 35,000 sq ft.
Investor Madhusudan Kela also acquired an apartment at the project for Rs 120.7 crore, adding another transaction above the Rs 100 crore mark.
The latest Rs 271 crore penthouse deal therefore follows the earlier Rs 380 crore multi-apartment transaction and several other individual home purchases exceeding Rs 100 crore.
However, unlike the Rs 380 crore deal involving four apartments, the latest transaction concerns a single residential unit.
That makes the Rs 271 crore price particularly noteworthy.
RS 2.6 LAKH PER SQ FT: WHY THE TRANSACTION IS SIGNIFICANT
The per-square-foot valuation brings the transaction closer to the pricing seen at some of Mumbai’s most exclusive residential addresses.
Mumbai continues to command some of India’s highest property prices, with transactions in prime areas such as Worli exceeding Rs 2 lakh per sq ft.
However, some of the city’s biggest headline transactions have involved multiple apartments or combined residences spread across large areas.
The Dahlias transaction stands apart because it involves a single penthouse.
At nearly Rs 2.6 lakh per sq ft on a carpet-area basis, the Gurugram deal could rank ahead of several major Mumbai transactions when evaluated on a single-unit, per-square-foot basis.
Mumbai has witnessed several exceptionally large property deals, including Leena Gandhi Tewari’s approximately Rs 639 crore purchase of two sea-facing duplexes at Naman Xana in Worli and JP Taparia’s Rs 369 crore acquisition of a 27,160 sq ft triplex at Malabar Hill.
However, the Rs 271 crore Dahlias purchase combines a substantial single-ticket value with an unusually high per-square-foot price.
WHAT MAKES THE DAHLIAS SO EXPENSIVE?
The project represents one of DLF’s biggest bets on India’s ultra-luxury residential segment.
The Dahlias features 420 residences spread across 29 levels and eight towers, covering approximately 7.5 million sq ft. The project also includes 15 duplex penthouses and a 3.5 lakh sq ft clubhouse.
DLF has marketed the development as a super-luxury residential project with a total project value exceeding Rs 40,000 crore. During earlier transactions, the company had said around 65% of the project had been sold, with price realisation exceeding Rs 1 lakh per sq ft and higher floors reaching around Rs 1.2 lakh per sq ft on a super-area basis.
The project’s buyer base has also expanded beyond the Delhi-NCR region. DLF management has said that 25-30% of its business now comes from other parts of India and overseas markets, including NRIs, indicating that its luxury developments are attracting affluent buyers from a broader geographical pool.
The Rs 271 crore transaction comes even as DLF’s overall sales bookings have slowed.
In the first quarter of FY27, DLF’s sales bookings, or pre-sales, dropped 94% to Rs 657 crore as the company did not launch any new project.
For FY26, its sales bookings declined 5% to Rs 20,143 crore from the record Rs 21,223 crore achieved in the previous financial year.
Despite the steep decline in June-quarter bookings, DLF remains confident of meeting its Rs 20,000 crore sales bookings target for FY27.
The company reported a 4% increase in consolidated net profit to Rs 793.9 crore for the June quarter, although total income fell to Rs 1,605.56 crore from Rs 2,980.88 crore in the same quarter a year earlier.
DLF has developed more than 185 real estate projects covering over 352 million sq ft and has approximately 275 million sq ft of development potential across its residential and commercial businesses.
For the luxury housing segment, however, The Dahlias is increasingly highlighting just how high prices can climb at the top end of India’s residential property market.
A Rs 100 crore home is no longer the biggest headline in Gurugram’s luxury housing market. The latest transaction suggests that for India’s wealthiest homebuyers, even Rs 200 crore is no longer the upper limit.
