Entrepreneur Manav Sardana has bought a penthouse at DLF’s ultra-luxury residential challenge ‘The Dahlias’ in Gurugram for Rs 271 crore, making it one of many nation’s most costly single-home property transactions reported to date. The property is situated in DLF The Dahlias, the developer’s flagship super-luxury challenge in Sector 54 alongside Golf Course Highway.
The penthouse has a brilliant space of roughly 17,200 sq ft, whereas its carpet space is round 10,500 sq ft. Based mostly on the reported transaction worth, the property works out to almost Rs 1.58 lakh per sq ft on the super-area foundation and about Rs 2.6 lakh per sq ft on the carpet space.
The deal highlights the excessive costs being fetched by luxurious properties in Gurugram, with high-end residences and penthouses gaining rising recognition amongst high-net-worth buyers.
Who’s Manav Sardana?
Manav Sardana is an entrepreneur from the Sardana household, a Delhi-NCR enterprise group with a legacy of over 100 years. The household is finest identified for Imperial Auto Industries, an automotive parts firm co-founded in 1969 by his father, SB Sardana, and Jagjit Singh.
Based mostly in Faridabad, Imperial Auto manufactures fluid transmission merchandise for the automotive and off-highway sectors and grew into a significant trade participant.
Manav Sardana was related to Imperial Auto earlier than it was acquired by world non-public fairness agency Warburg Pincus. He continues to be concerned within the household enterprise and, as per public data, is a director in over a dozen corporations linked to the Imperial Auto group. These embody Imperial Silicon Personal Restricted, Kreuz Hydraulics Personal Restricted, and Imperial Martor Engine Tubes Personal Restricted.
Inside DLF ‘The Dahlias’
DLF launched ‘The Dahlias’ in October 2024 as a 17-acre super-luxury improvement in DLF Section 5, Gurugram.
The challenge contains round 420 residences and penthouses, with particular person residences reportedly priced between Rs 100 crore and Rs 170 crore. Penthouses command even larger costs due to their bigger layouts and premium positioning.
DLF expects the challenge to generate greater than Rs 40,000 crore in income and has already offered over 65% of its items, in line with a PTI report.
‘The Dahlias’ aren’t DLF’s first ultra-premium challenge to place Gurugram on India’s luxurious housing map. Its earlier improvement, The Camellias, helped set up the Golf Course Highway space as one of many nation’s most unique residential addresses.
The post-pandemic interval has introduced robust demand for luxurious housing throughout India’s main property markets. Gurugram and Mumbai, specifically, have seen a string of high-value house and penthouse transactions as rich patrons more and more search bigger, extra unique properties. DLF, one among India’s largest actual property builders, has developed greater than 185 initiatives masking over 352 million sq ft of space.
