by The Realty Info 
Info-X Software Technology, headed by Rishi Parti, has purchased a 16,000 sq ft penthouse in DLF’s The Camellias in Gurugram for ₹190 crore. The deal, concluded on December 2, happens to be one of the costliest apartment transactions in India. According to CRE Matrix data, the company paid a stamp duty of ₹13 crore.
Gurugram, once a hub for commercial developments, now boasts some of the most exclusive properties in the country. The sale of a penthouse in The Camellias at ₹120,000 per sq ft sets a new standard for luxury living. At DLF Camellias, the starting rent is ₹12 Lakh, and the apartment prices begin at ₹70 Crore, further highlighting its exclusivity.
Experts suggest that this trend is a reflection of India’s growing economy and increasing prosperity, with the business sector playing a significant role in driving the demand. As noted by Ashwin Chadha, CEO of India Sotheby’s International Realty, “Top celebrities are investing in luxury real estate on a large scale, further fueling the demand.”
A Hub for Business Leaders
The Camellia Gurgaon has attracted business tycoons and high-profile investors. Names like Aman Gupta of BoAt and JC Chaudhry of Aakash Educational Services are among the buyers. Many startup founders have also made the luxury complex their home.
The growing popularity of the Camellia is evident. About 15% of buyers are upgrading from DLF’s previous projects, The Magnolias and The Aralias.
Gurugram’s Shift to Ultra-Luxury
The luxury real estate market of Gurgaon has not just grown, but it has also evolved to be at par with the Lutyens district of Delhi and the elite neighbourhoods of Mumbai. This transformation signifies the area’s rapid ascent as an ultra-luxury real estate destination for India, a development that is sure to impress.
According to the experts, this trend actually signifies India’s growing economy and high rising affluence. As said by Ashwin Chadha, CEO of India Sotheby’s International Realty, “The business sector is the main driver for this demand in India. The top leadership is investing heavily into luxury properties.”