An industrialist has acquired four apartments in a transaction valued at nearly Rs 380 crore within a super luxury project located in Gurugram, marking one of the most expensive apartment transactions in the nation, according to two individuals familiar with the matter.
The NCR-based industrialist initially sought a farmhouse or bungalow in the upscale residential area of Lutyens’ Delhi, with a budget ranging from Rs 350-400 crore, but ultimately decided on the apartments. “We provided guidance to a notable Indian business family regarding a consolidated acquisition of Rs 380 crore at this super-luxury project in Gurugram,” stated Kshitij Jain, Founder of Rizin Advisory Pvt. Ltd., while refraining from revealing the identity of the buyer.
The four apartments will be interconnected and cover an area exceeding 35,000 sq ft. “Several equity investors from Mumbai have also purchased apartments in this super luxury project, recognizing the potential for price appreciation,” remarked one source. The project features 420 residences distributed across 29 levels and eight towers.
Previously, former Indian cricketer Shikhar Dhawan acquired a 6,000 sq ft apartment in the project for Rs 69 crore. During FY25, the project achieved new sales bookings totaling Rs 13,744 crore. In 2024, Gurugram recorded the most expensive real estate transactions in NCR, surpassing Lutyens’ Delhi for the first time, with per sq ft prices competing with those in Mumbai, India’s most expensive property market, and in some instances, matching those in London and Dubai.
Gurugram witnessed three property sales exceeding Rs 150 crore in 2024. It also experienced the year’s priciest transaction, a Rs 190 crore penthouse sale, surpassing Delhi for the first time. While the demand for prestigious assets remains robust in Lutyens’ Delhi, limited availability has prompted many ultra-high-net-worth individuals (UHNIs) to turn their attention towards Gurugram.
