Gurugram’s luxurious housing market has entered a brand new value bracket, with entrepreneur Manav Sardana shopping for a penthouse at DLF’s The Dahlias for ₹271 crore, making it one in all India’s most costly single-unit residential transactions.
Extra hanging is the worth on a carpet-area foundation. The penthouse has an excellent space of 17,200 sq ft and a carpet space of 10,500 sq ft. At ₹271 crore, the transaction works out to round ₹1.58 lakh per sq ft on the super-area foundation and practically ₹2.6 lakh per sq ft on the carpet space.
Two individuals conscious of the transaction stated the deal is the most costly single-unit residential transaction within the nation. DLF declined to touch upon the transaction.
Highlighting the demand for DLF’s Tremendous luxurious choices, DLF’s Managing Director and Chief Enterprise Officer, Aakash Ohri stated the corporate’s flagship venture The Dahlias continues to draw patrons from effectively past the Nationwide Capital Area. Based on him, 25-30% of Dahlias gross sales are actually coming from patrons throughout the remainder of India and non-resident Indians (NRIs).
He added that The Dahlias is now witnessing value realisations of over ₹1 lakh per sq ft, with residences on increased flooring commanding ₹1.20 lakh-₹1.25 lakh per sq ft. The venture’s entry-level pricing has additionally crossed ₹100 crore, whereas premium residences are actually priced at ₹160-170 crore, reflecting sustained demand within the ultra-luxury housing phase.
“We now have curiosity from everywhere in the nation and outdoors for Dahlias now. Virtually over 25%-30% of our enterprise now’s coming from remainder of India and outdoors, which is NRI,” Ohri stated through the analyst name.
Gurugram enters Mumbai’s trophy-home territory
Mumbai continues to dominate India’s ultra-luxury residential market, notably in places equivalent to Worli, Malabar Hill and South Mumbai’s sea-facing developments.
Current offers embody USV chairperson Leena Gandhi Tewari’s buy of two sea-facing duplexes at Naman Xana in Worli for ₹639 crore. The mixed space was round 22,572 sq ft.
Industrialist JP Taparia had earlier purchased a roughly 27,160 sq ft triplex in Mumbai’s Malabar Hill for ₹369 crore.
These transactions are bigger in absolute worth, however a number of concerned a number of flooring or a number of residential models. The Dahlias transaction is notable as a result of ₹271 crore has been paid for one penthouse.
On a carpet-area foundation, the Sardana buy at practically ₹2.6 lakh per sq ft can also be increased than the roughly ₹1.8 lakh per sq ft recorded in Rishi Parti’s ₹190-crore penthouse buy at DLF’s The Camellias in December 2024.That doesn’t essentially imply Gurugram has overtaken Mumbai in total residential pricing. Mumbai nonetheless has a deeper marketplace for trophy houses, notably in established sea-facing neighbourhoods. However the transaction reveals how far pricing for the very high finish of Gurugram’s residential market has moved.
From The Camellias to The Dahlias
The newest transaction additionally marks one other milestone in DLF’s Golf Hyperlinks residential ecosystem.
Earlier than The Dahlias, DLF’s The Camellias had already established Golf Course Highway as one in all India’s most outstanding ultra-luxury residential addresses.
In December 2024, Rishi Parti, founding father of Data-X Software program Expertise, purchased a 16,290 sq ft penthouse at The Camellias for ₹190 crore. The transaction was registered for ₹190 crore and attracted ₹13.3 crore in stamp obligation. On a carpet-area foundation, the deal labored out to about ₹1.8 lakh per sq ft.
The Camellias has additionally seen different giant transactions, together with an roughly ₹114-crore sale of an 11,000 sq ft condo and a ₹95-crore buy in 2024.
The development from these transactions to a ₹271-crore single penthouse at The Dahlias factors to a pointy escalation within the pricing of Gurugram’s most unique houses.
The Dahlias is constructed for the ultra-rich
The dimensions of The Dahlias helps clarify the focus of such transactions.
Positioned in DLF Part 5 on Golf Course Highway, the venture spans about 17 acres and contains 420 residences throughout eight towers and 29 ranges. The event has round 7.5 million sq ft of growth potential and consists of 15 duplex penthouses.
DLF launched the venture in October 2024 and generated ₹11,816 crore of gross sales from 173 residences in its preliminary part. The corporate subsequently continued promoting the venture in phases.
The houses themselves are unusually giant. House sizes begin at round 10,000 sq ft, whereas the penthouses can lengthen to almost 19,000 sq ft. Earlier gross sales included two penthouses priced at ₹150 crore every.
The newest ₹271-crore transaction subsequently represents a big bounce even inside a venture the place ₹100 crore-plus houses have gotten more and more frequent.
The Sardana buy isn’t the primary extraordinary transaction at The Dahlias
In October 2025, a Delhi-NCR enterprise household acquired 4 flats within the venture for near ₹380 crore. The 4 residences collectively lined greater than 35,000 sq ft. The customer was reportedly already a resident of The Camellias and was on the lookout for a bigger dwelling.
The Dahlias has additionally attracted patrons from outdoors the standard Delhi-NCR enterprise group. Former India cricketer Shikhar Dhawan purchased an condo within the venture for about ₹69 crore, whereas veteran investor Madhusudan Kela bought a 6,233 sq ft carpet-area condo for ₹120.71 crore in 2026.
Kela’s buy itself labored out to virtually ₹2 lakh per sq ft on carpet space, underlining how shortly the venture’s pricing has moved into the territory of Mumbai’s most costly addresses.
Why are patrons paying ₹100-200 crore for flats?
The reply isn’t merely about sq. footage.
At this finish of the market, patrons are paying for a mix of location, shortage, privateness, safety, facilities, views, model and the flexibility to personal a really giant dwelling inside a managed luxurious growth.
Gurugram’s Golf Course Highway has additionally developed right into a concentrated luxurious residential hall. The Dahlias types a part of DLF’s bigger DLF5 Golf Hyperlinks group, alongside The Camellias, The Aralias and The Magnolias.
For India’s ultra-high-net-worth households, such tasks can supply an alternative choice to shopping for a big standalone property in Lutyens’ Delhi or a farmhouse on the outskirts of the capital.
The ₹380-crore Dahlias transaction, as an illustration, got here after the customer had reportedly thought-about a bungalow or farmhouse in Lutyens’ Delhi.
Gurugram’s luxurious market is getting deeper
The rise in costs at The Dahlias is going down towards a broader growth of Gurugram’s high-end housing market.
Based on a 2026 report by India Sotheby’s Worldwide Realty and CRE Matrix, Gurugram recorded ₹24,120 crore of residential transactions in houses priced at ₹10 crore and above in 2025.
For builders, this has created an incentive to launch tasks aimed particularly on the ultra-rich, with a lot bigger flats, fewer models and considerably increased ticket sizes.
DLF’s luxurious technique
The Dahlias has additionally change into an essential venture for DLF’s residential enterprise.
The corporate expects the venture to generate greater than ₹40,000 crore in income and had bought greater than 60% of its stock by June 2026, in line with reviews citing firm and transaction knowledge. The venture had recorded gross sales of ₹18,569 crore over its first 18 months.
DLF’s Dahlias: How Gurugram created a ₹100-crore-plus luxurious housing market
From ₹69 crore to ₹271 crore in slightly over a yr
The sequence of transactions at The Dahlias captures the acceleration notably effectively.
Shikhar Dhawan’s buy was round ₹69 crore. Two penthouses had been initially bought at round ₹150 crore every. A four-apartment transaction later reached ₹380 crore, whereas Kela purchased an condo for ₹120.71 crore.
Now, a single penthouse has modified palms for ₹271 crore.
The ₹380-crore transaction stays bigger in absolute worth as a result of it concerned 4 flats. However the ₹271-crore Sardana buy is arguably a extra hanging marker of pricing as a result of it represents one residential unit and practically ₹2.6 lakh per sq ft on carpet space.
