This city takes over Mumbai in new ultra-luxury real estate hub, not Delhi, Chandigarh, it is…

Currently, DLF Camellias exemplifies Gurugram’s transformation into a luxury real estate center, establishing global standards for sophistication and exclusivity.

As of December 2024, DLF’s Camellias project in Gurugram is making headlines in India’s real estate market with record-setting property transactions, establishing the city as a key player in the ultra-luxury segment, outpacing Mumbai.

Rishi Parti, CEO of Info-x Software Technology, recently made national news by acquiring a 16,290-square-foot penthouse at DLF Camellias for ₹190 crore—an eye-popping ₹1,80,000 per square foot. This purchase has firmly positioned Camellias as India’s priciest high-rise condominium.

This transaction has not only brought attention to Gurugram but has also overshadowed other significant real estate deals across the country, including:

• Great White Global’s purchase of two apartments in Oberoi Three Sixty West, Worli, for ₹225 crore.

• RR Kabel promoter Shreegopal Kabra’s acquisition of a 13,809-square-foot property on the 62nd floor of the same building for ₹198 crore.

• Param Capital’s Asha Mukul Agrawal buying three flats at Lodha Malabar, Mumbai, for ₹263 crore.

Samir Jasuja, Founder of PropEquity, remarked, “Gurgaon has emerged as the new luxury capital of India, surpassing Delhi and Mumbai. Successful startup entrepreneurs and industrialists now prefer to live closer to their workplaces in Gurgaon.”

Jasuja also pointed out how landmark projects like DLF Aralias, launched 25 years ago at ₹1,800 per square foot, have paved the way for luxury milestones like DLF Camellias, which now commands ₹1,80,000 per square foot.

According to real estate consultancy Anarock, 2024 witnessed 25 ultra-luxury residential deals exceeding ₹40 crore in cities like Mumbai, Hyderabad, Gurugram, and Bengaluru, totaling ₹2,443 crore in value. While Mumbai led in deal volume, Gurugram continues to rise in prominence.

Santosh Kumar, Vice Chairman of Anarock India, commented, “Mumbai remains the leader in the ultra-luxury segment, driven by celebrity buyers and young entrepreneurs. While Gurgaon boasts standout projects like Camellias, Mumbai’s prime locations and steady supply help maintain its dominance.” This 

he rise in super-luxury real estate is driven by increasing wealth, a craving for lavish lifestyles, and groundbreaking projects that are transforming urban living. Experts anticipate that this trend will continue to grow in 2025, leading to more record-setting deals and innovations in design and amenities.

Currently, DLF Camellias exemplifies Gurugram’s transformation into a luxury real estate center, establishing global standards for sophistication and exclusivity.

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