NEW DELHI: In one of the most expensive residential transactions in India, an industrialist has purchased four luxury apartments in Gurugram for nearly Rs 380 crore, according to sources familiar with the matter.
The buyer, based in NCR, was originally seeking a farmhouse or bungalow in Lutyens’ Delhi, with a budget of Rs 350-400 crore, but ultimately chose the luxury apartment option.
“We guided a well-known Indian business family in completing a consolidated acquisition of Rs 380 crore in this premium project in Gurugram,” stated Kshitij Jain, Founder of Rizin Advisory Pvt. Ltd., while keeping the buyer’s identity confidential.
The four apartments will be combined and have a total area exceeding 35,000 sq ft.
“A number of equity investors from Mumbai have also opted for units in this luxury project, recognizing its potential for price appreciation,” added a source.
The development features 420 residences across eight towers and 29 levels.
Notably, former Indian cricketer Shikhar Dhawan previously acquired a 6,000 sq ft apartment in the same project for Rs 69 crore. In FY25, the project recorded new sales bookings totaling Rs 13,744 crore.
In 2024, Gurugram topped the NCR real estate market with the highest-value property transactions, surpassing Lutyens’ Delhi for the first time, with prices per sq ft that compete with Mumbai, and in some cases, match those in London and Dubai.
This year, Gurugram witnessed three transactions exceeding Rs 150 crore, including a record-setting Rs 190 crore penthouse sale, marking the first time Delhi was outpaced in this regard. While demand for premium properties remains robust in Lutyens’ Delhi, limited availability has driven many ultra-high-net-worth individuals (UHNIs) towards Gurugram.
