A Delhi-NCR-based businessman has made headlines in the Indian real estate market with the purchase of four luxury apartments in DLF's 'The Dahlias' project in Gurugram for a staggering ₹380 crore. This transaction, reportedly executed in early October, is considered one of the most expensive residential deals in the country.
The purchased apartments, located in adjoining towers of the under-construction development on Golf Course Road, span a combined area of 38,400 square feet, with each unit measuring 9,600 square feet. According to Kshitij Jain, founder of Rizin Advisory, the deal was facilitated by his firm and translates to an effective rate of approximately ₹1 lakh per square foot, setting a new benchmark for luxury residential pricing in the region. The four units will be interconnected to form a single, expansive residential unit.
DLF's 'The Dahlias' is an ultra-premium residential project located within DLF5 Golf Links, joining other marquee addresses like The Camellias, The Aralias, and The Magnolias. The 7.5 million square foot project will feature 420 residences across 29 levels and eight towers, including 15 duplex penthouses. The towers are designed in opposing arcs to maximize airflow, light, and panoramic views while maintaining the privacy of each residence. The project also includes a grand clubhouse overlooking a proposed Lake Park.
While DLF has not officially commented on the deal, sources indicate that the buyer is an established Delhi-NCR-based business family with holdings in sectors like plastics, chemicals, and fertilizers. The family reportedly already owns a residence in The Camellias and views The Dahlias acquisition as an upgrade, highlighting the increasing demand for high-end properties among India's ultra-rich.
This isn't the first time The Dahlias has garnered attention. Earlier this year, DLF announced pre-launch sales of 173 apartments totaling ₹11,816 crore within just nine weeks, driven by strong demand from ultra-high-net-worth individuals, including leading CEOs and non-resident Indians. Cricketer Shikhar Dhawan also recently purchased an apartment in the project for ₹69 crore.
Market sources suggest that investors from Mumbai, Odisha, and Ludhiana have also expressed interest in The Dahlias, anticipating significant price appreciation in the coming years. Aakash Ohri, Joint Managing Director of DLF Home Developers, had previously stated that The Dahlias would be even more luxurious than The Camellias, with unit sizes ranging from 10,000 sq ft to 19,000 sq ft for penthouses. The apartments were initially sold for ₹55 crore to ₹125 crore, while two penthouses were priced at ₹150 crore each. The project is expected to be completed within four years and will offer bare-shell apartments.
This high-profile transaction reflects a significant shift in India's luxury real estate market, where ultra-high-net-worth individuals are increasingly consolidating assets in marquee properties. The purchase underscores the continued strength of the country's high-end housing segment, fueled by a surge in demand from wealthy buyers seeking exclusive, design-forward, and investment-grade real estate.
