Gurugram has surpassed Mumbai to become India’s new ultra-luxury real estate hub as of December 2024. The DLF Camellias project is making headlines with record-breaking property transactions, solidifying the city's status in the high-end market.

Rishi Parti, CEO of Info-x Software Technology, set a national benchmark by purchasing a 16,290-square-foot penthouse at DLF Camellias for ₹190 crore, which amounts to an impressive ₹1,80,000 per square foot, making it India's priciest high-rise condominium.

This landmark deal has drawn significant attention to Gurugram, overshadowing other notable transactions across the country, such as:

Great White Global's acquisition of two apartments in Oberoi Three Sixty West, Worli, for ₹225 crore.

Shreegopal Kabra, promoter of RR Kabel, buying a 13,809-square-foot property on the 62nd floor of the same building for ₹198 crore.

Asha Mukul Agrawal from Param Capital purchasing three flats at Lodha Malabar, Mumbai, for ₹263 crore.

According to Samir Jasuja, Founder of PropEquity, “Gurugram has emerged as India’s new luxury capital, surpassing both Delhi and Mumbai. Successful startup entrepreneurs and industrialists now prefer living closer to their workplaces in Gurugram.”