New Delhi: British businessman Sukhpal Singh Ahluwalia bought a 11,416 sq ft apartment at DLF’s ultra-luxury property The Camellias in Gurugram for Rs 100 crore, said two people aware of the matter.
Ahluwalia, who sold his company Euro Car Parts, currently runs a real estate, hospitality and asset management company Dominvs Group in London.
It marks the third instance of a Rs 100-crore deal at the tony residential complex, home to several wealthy individuals. The deal also underscores sustained post-pandemic demand for luxury homes in India.
Earlier, Info-x Software Technology Pvt Ltd, through its director Rishi Parti had bought a 16,000 sq ft penthouse at The Camellias for Rs 190 crore in one of the costliest apartment transactions in the country.
In October 2023, ET reported about the first Rs 100-crore transaction in the same residential complex located at Gurugram’s Golf Course Road.
“I was initially thinking of buying a farmhouse but later decided to buy in a gated condominium as we often come toIndia. We have a house in Kautilya Marg also but will prefer to stay in Gurugram,” Ahluwalia said, while confirming the transaction to ET.
Luxury home prices in Gurugram and Delhi have been rising sharply. This has brought rates of high-end apartments in Delhi’s southwestern suburb and bungalows in the national capital’s Lutyens zone on a par with Mumbai’s posh neighbourhoods, crossing Rs 120,000 per sq ft.
About 15% of property owners at The Camellias have upgraded from 'The Magnolias' and 'The Aralias’—two other projects of DLF in Gurugram.
Majority of buyers in the Camellias are from Delhi NCR. Prominent homeowners in the project include Aman Gupta, founder of BoAt; JC Chaudhry, founder of Aakash Educational Services; and Elan Group, a real estate firm.
Many startup founders have reportedly bought apartments in the same complex.
Real estate experts said post-Covid, there is a growing preference among ultra-high-net-worth individuals (UHNIs) for gated condominiums instead of standalone bungalows as they can use all the facilities within the premises.
Ahluwalia, who sold his company Euro Car Parts, currently runs a real estate, hospitality and asset management company Dominvs Group in London.
It marks the third instance of a Rs 100-crore deal at the tony residential complex, home to several wealthy individuals. The deal also underscores sustained post-pandemic demand for luxury homes in India.
Earlier, Info-x Software Technology Pvt Ltd, through its director Rishi Parti had bought a 16,000 sq ft penthouse at The Camellias for Rs 190 crore in one of the costliest apartment transactions in the country.
In October 2023, ET reported about the first Rs 100-crore transaction in the same residential complex located at Gurugram’s Golf Course Road.
“I was initially thinking of buying a farmhouse but later decided to buy in a gated condominium as we often come toIndia. We have a house in Kautilya Marg also but will prefer to stay in Gurugram,” Ahluwalia said, while confirming the transaction to ET.
Luxury home prices in Gurugram and Delhi have been rising sharply. This has brought rates of high-end apartments in Delhi’s southwestern suburb and bungalows in the national capital’s Lutyens zone on a par with Mumbai’s posh neighbourhoods, crossing Rs 120,000 per sq ft.
About 15% of property owners at The Camellias have upgraded from 'The Magnolias' and 'The Aralias’—two other projects of DLF in Gurugram.
Majority of buyers in the Camellias are from Delhi NCR. Prominent homeowners in the project include Aman Gupta, founder of BoAt; JC Chaudhry, founder of Aakash Educational Services; and Elan Group, a real estate firm.
Many startup founders have reportedly bought apartments in the same complex.
Real estate experts said post-Covid, there is a growing preference among ultra-high-net-worth individuals (UHNIs) for gated condominiums instead of standalone bungalows as they can use all the facilities within the premises.
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