Realty major DLF Ltd has sold a penthouse for Rs 271 crore in its luxury housing project 'The Dahlias,' located in DLF Phase 5, Gurugram.

The transaction was concluded at approximately Rs 1.58 lakh per square foot on a super-area basis, according to the report. The deal underscores the continued momentum in India's ultra-luxury residential segment, where record-setting sales have become increasingly common. Gurugram's Golf Course Road corridor has consistently produced some of the National Capital Region's highest per-square-foot realizations, and transactions above Rs 100 crore are no longer isolated events in this micro-market.

DLF expects total revenue exceeding Rs 40,000 crore from 'The Dahlias' project, reflecting the company's confidence in the sustained appetite for high-end homes in the National Capital Region. The project is part of a broader DLF strategy concentrated almost entirely on luxury and ultra-luxury residential launches, a segment where margins are significantly higher than in mid-income housing. This follows the strong performance of earlier DLF super-luxury projects such as Camellias and Aralias in the same corridor.

DLF is one of India's largest real estate developers, with a portfolio spanning residential, commercial, and retail properties. The company is publicly listed and is a constituent of the Nifty 50 index.

Demand for luxury apartments has risen significantly across major Indian cities in the post-COVID period, driven by rising disposable incomes, a growing preference for larger living spaces, and increased interest from non-resident Indian buyers. Gurugram, in particular, has emerged as a focal point for premium and ultra-luxury residential transactions. The trend parallels similar activity in Mumbai, where sea-facing apartments in south Mumbai neighborhoods like Malabar Hill and Walkeshwar have also seen repeated nine-figure deals, indicating a nationwide broadening of the ultra-luxury market.

Source: Economic Times Markets