NEW DELHI: An industrialist has bought four apartments in a deal worth nearly Rs 380 crore at a super luxury project in Gurugram, in one of the costliest apartment deals in the country, said two people aware of the development.
The NCR-based industrialist was initially looking for a farmhouse or bungalow in the premium residential area of Lutyens’ Delhi with a budget of Rs 350-400 crore but later opted for the apartments.
“We advised a prominent Indian business family on a consolidated Rs 380-crore acquisition at this super-luxury project in Gurugram,” said Kshitij Jain, Founder, Rizin Advisory Pvt. Ltd., without disclosing the buyer’s name.
The four apartments will be interconnected and span more than 35,000 sq ft.
“Some equity investors from Mumbai have also bought apartments at the super luxury project realising the potential for price appreciation,” a person said.
The project comprises 420 residences across 29 levels and eight towers.
Earlier, former Indian cricketer Shikhar Dhawan purchased a 6,000 sq ft apartment at the project for Rs 69 crore. During FY25, the project generated Rs 13,744 crore in new sales bookings.
Gurugram recorded the costliest real estate deals in NCR in 2024, surpassing Lutyens’ Delhi for the first time, with per sq ft prices rivalling those in Mumbai, India’s priciest property market, and in some cases matching London and Dubai.
Gurugram scored three property sales above Rs 150 crore in 2024. It also saw the year’s most expensive deal, a Rs 190 crore penthouse sale, beating Delhi for the first time. While demand for trophy assets remains strong in Lutyens’ Delhi, limited supply has driven many ultra-high-net-worth individuals (UHNIs) towards Gurugram.
