{"id":2588,"date":"2024-02-23T15:58:00","date_gmt":"2024-02-23T10:28:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=2588"},"modified":"2026-04-16T16:13:10","modified_gmt":"2026-04-16T10:43:10","slug":"%e2%82%b995-crore-deal-at-dlf-camellias-signals-continued-surge-in-ultra-luxury-housing","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/%e2%82%b995-crore-deal-at-dlf-camellias-signals-continued-surge-in-ultra-luxury-housing\/","title":{"rendered":"\u20b995 Crore Deal at DLF Camellias Signals Continued Surge in Ultra-Luxury Housing"},"content":{"rendered":"\n

Data accessed by CRE Matrix<\/a> reveals that Smiti Agarwal, wife of V-Bazaar CMD Hemant Agarwal, has purchased a luxury apartment worth \u20b995 crore at DLF The Camellias in Gurugram. The transaction highlights the sustained momentum in India\u2019s ultra-luxury residential market, particularly in high-demand micro-markets like Golf Course Road.<\/p>\n\n\n\n

Deal Details: Size, Pricing, and Registration<\/strong><\/h2>\n\n\n\n

The apartment spans approximately 10,813 sq ft and was registered on January 18, 2024. The transaction included a stamp duty payment of \u20b94.75 crore along with nominal registration charges. The property also comes with five dedicated parking spaces, reflecting the scale and exclusivity of such residences.<\/p>\n\n\n\n

The deal was executed with a Singapore-based NRI seller, and the per square foot rate stood at nearly \u20b987,857. This is one of the most premium residential transactions in the region.<\/p>\n\n\n\n

Why DLF Camellias Continues to Attract HNIs<\/strong><\/h2>\n\n\n\n

DLF Limited\u2019s Camellias project has become a preferred address for ultra-high-net-worth individuals (HNIs), including top executives, entrepreneurs, and investors. Limited inventory, premium amenities, and its strategic location on Golf Course Road have contributed to its rising demand.<\/p>\n\n\n\n

Over the past few years, property values in the project have surged significantly. Units that cost between \u20b933\u201335 crore in 2021 are now commanding upwards of \u20b975 crore and beyond, reflecting strong capital appreciation.<\/p>\n\n\n\n

A Broader Trend: Rising Appetite for Luxury Real Estate<\/strong><\/h2>\n\n\n\n

This transaction is part of a larger trend where affluent buyers are increasingly investing in high-end residential assets. Gurugram, in particular, has emerged as a hotspot for luxury housing deals, often rivaling prime markets in Delhi and Mumbai.<\/p>\n\n\n\n

Several high-value transactions have taken place in the same project and surrounding developments, indicating a clear shift toward premium, amenity-driven living. Buyers are not just purchasing homes\u2014they are investing in lifestyle upgrades and long-term value appreciation.<\/p>\n\n\n\n

What This Means for the Market<\/strong><\/h2>\n\n\n\n

The \u20b995 crore deal reinforces the strength of India\u2019s luxury housing segment. It signals:<\/p>\n\n\n\n