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

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000