GURUGRAM — In one of India’s most expensive residential real estate transactions, entrepreneur Manav Sardana has purchased a luxury penthouse at DLF’s super-luxury development, The Dahlias, for ₹271 crore. The landmark deal stands as one of the country’s costliest single-unit home purchases on a per-square-foot basis.
The sprawling penthouse features a 17,200 sq. ft. super built-up area and a 10,500 sq. ft. carpet area. This translates to approximately ₹1.58 lakh per sq. ft. on super area and nearly ₹2.6 lakh per sq. ft. on carpet area—pricing levels traditionally reserved for Mumbai’s most tightly held addresses.
Sardana, an entrepreneur previously associated with automotive components firm Imperial Auto—which was acquired by private equity firm Warburg Pincus—joins a growing list of ultra-high-net-worth individuals investing in Gurugram’s prime real estate.
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Rivaling Mumbai’s Trophy Addresses
While Mumbai has historically commanded India’s highest residential prices with landmark deals in Worli and Malabar Hill, industry insiders note that the Dahlias transaction stands out due to its single-unit structure. At nearly ₹2.6 lakh per sq. ft. on carpet area, the deal places Gurugram directly alongside India's premier financial capital addresses on a per-square-foot basis.
Prior to this deal, the highest benchmark in Gurugram was set at DLF's neighboring project, The Camellias, where tech entrepreneur Rishi Parti acquired a penthouse for ₹190 crore (approximately ₹1.8 lakh per sq. ft. on carpet area) in late 2024.
A ₹40,000-Crore Super-Luxury Benchmark
Spanning 17 acres in DLF Phase 5, The Dahlias comprises 420 residences across 29 levels and eight towers, complemented by a massive 3.5 lakh sq. ft. clubhouse. DLF projects total top-line revenue from the development to exceed ₹40,000 crore.
According to company executives, over 65% of the inventory has already been sold, with standard apartments ranging between ₹100 crore and ₹170 crore. The buyer demographic has also expanded beyond the National Capital Region (NCR), with 25% to 30% of demand now driven by buyers across India and non-resident Indians (NRIs) seeking top-tier domestic assets.
