Realty major DLF Ltd has achieved a significant milestone with the sale of a ₹271 crore penthouse at its upcoming luxury housing project in Gurugram. According to sources, this transaction represents one of the costliest deals in terms of per square feet in the Indian real estate market. The penthouse was sold to entrepreneur Manav Sardana, who was associated with Imperial Auto Industries, a major Indian manufacturer of fluid transmission products for the automotive and off-highway sectors. The property features a 17,200 sq ft super area and a 10,500 sq ft carpet area. As per sources, the deal is the costliest single-unit residential transaction in the country, with the transaction working out to around ₹1.58 lakh per sq ft on super area basis and ₹2.6 lakh per sq ft on carpet area basis. Manav Sardana confirmed the transaction in an email response to Hindustan Times Real Estate, putting Gurugram's luxury housing market firmly in the league of Mumbai real estate market's luxury apartments. The sale adds to a fast-growing list of big-ticket purchases at DLF's Golf Links cluster in Gurugram.
The penthouse was sold at ₹1.58 lakh per sq ft on super area basis and ₹2.6 lakh per sq ft on carpet area basis, as reported by sources. DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF Phase 5 in Gurugram in October 2024, comprising 420 apartments and penthouses across eight towers, each rising to 29 levels. The project has achieved strong market response, with DLF expecting a total revenue of more than ₹40,000 crore from this development. Apartments in the project are priced between ₹100 crore and ₹170 crore, with penthouses commanding higher prices. According to sources, demand for luxury apartments has gone up across major seven cities post-COVID pandemic, with Gurugram and Mumbai witnessing many big ticket sales of apartments and penthouses. The penthouse sale represents a standalone unit, making it particularly significant as it achieves comparable per-square-foot pricing to Mumbai's luxury housing market, where deals in Worli and other prime pockets have crossed ₹2 lakh per sq ft.
According to DLF's managing director and chief business officer Aakash Ohri, the company sold about 34 units in the last quarter and is almost 65% sold in the project. As reported by Economic Times, Ohri noted that the price realisation is now over ₹1 lakh a square foot, and on higher floors about touching ₹120,000 a square foot on super area. The entry level of the project is ₹100 crore plus, with almost over 25-30% of business now coming from the rest of India and outside, which is NRI. In April 2026, DLF sold 32 apartments in the March quarter, aided by strong demand and significant price appreciation. Earlier, DLF had sold a residential flat to Madhusudan Murlidhar Kela, an Indian businessman and investor, for ₹120.7 crore with an agreement deed showing the apartment was sold for more than ₹1.93 lakh per sq ft.
The ₹271 crore purchase is part of a series of high-value transactions at The Dahlias. In February 2025, former India opener Shikhar Dhawan bought an apartment for ₹65.61 crore, while the total amount including stamp duty came to ₹68.89 crore. The apartment has a carpet area of about 6,233.39 sq ft and comes with five dedicated parking spaces. In October 2025, a Delhi-NCR industrialist bought four apartments for around ₹380 crore, with the four homes spread across adjoining towers having a combined area of nearly 35,000 sq ft. The project also includes 15 exclusive duplex penthouses with a combined area of around 350,000 sq ft. During FY26, DLF recorded total sales bookings of ₹20,143 crore, down 5% from the record ₹21,223 crore reported in the previous financial year, but The Dahlias remained one of the company's biggest contributors, generating ₹4,828 crore in FY26 alone.
Despite the luxury project's success, DLF faced significant challenges in its overall performance during the first quarter of FY27. According to Economic Times, DLF's sales bookings plunged 94% to ₹657 crore in the first quarter as the company did not launch any new project. For the full fiscal year 2025-26, DLF's sales bookings fell 5% to ₹20,143 crore from a record ₹21,223 crore in the preceding financial year. However, the company remains optimistic about future prospects, having given an annual sales bookings guidance of ₹20,000 crore for the current 2026-27 fiscal. DLF reported a 4% increase in consolidated net profit to ₹793.90 crore for the quarter ended June, despite a huge fall in total income which declined to ₹1,605.56 crore from ₹2,980.88 crore in the corresponding period of the preceding year.
