Has Gurugram Ultra-Luxury Housing Sector Become More Expensive Than Those Of Mumbai And Dubai? Check Details – News24
—Advertisement—
In 2024, Gurugram emerged as a strong competitor to Mumbai and Dubai in terms of real estate. Recently, the DLF Camellias project in Gurugram has set new records, including a ₹190 crore deal for a 16,290-square-foot penthouse, making it India’s most expensive high-rise condominium.
“The most notable transaction was the purchase of a 16,290-square-foot penthouse at DLF Camellias by a top executive in the tech industry for a staggering ₹190 crore. This equates to an astonishing ₹1,80,000 per square foot, firmly establishing Camellias as India’s most expensive high-rise condominium,” as quoted Financial Express, Pradeep Mishra, CMD of ORAM Developments.
Mumbai continues to lead in luxury real estate deal volume, with key neighborhoods like Juhu, Malabar Hill, and Bandra seeing high property prices. Notable price ranges include ₹55,000-₹60,000 per sq. ft. in Juhu and ₹45,000-₹50,000 per sq. ft. in Cuffe Parade.
Dubai’s luxury market also remains competitive, with prime locations like Palm Jumeirah seeing prices from ₹1,00,000 to ₹10,00,000 per sq. ft. Gurugram’s rise is driven by entrepreneurs and industrialists seeking proximity to their workplaces. “Gurugram has emerged as the new luxury capital of India, surpassing Delhi and Mumbai. Entrepreneurs and industrialists prefer to live closer to their workplaces in Gurugram, making it a hub for the elite,” says Mishra.
In 2024, 25 ultra-luxury deals above ₹40 crore were recorded across Mumbai, Hyderabad, Gurugram, and Bengaluru, totaling ₹2,443 crore, with Mumbai leading the deal count.
Also Read: When Will Katra-Srinagar Vande Bharat Express Be Flagged Off That May Prove Game Changer For J&K Economy?
Written By
Priyanka Negi
Read more about our editorial guidelines and standards here.
Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.
—Advertisement—
Maha Kumbh 2025: Vaishnav Akhada's Peshwai Arrives In Prayagraj
This time Royal Challengers Bengaluru (RCB) will head into the action again chasing that elusive IPL trophy for the 2025 edition which will be kicking off at the end of March this year.
—Advertisement—
B.A.G Convergence Limited
Film City, Sector 16A, Noida, Uttar Pradesh 201301
Phone: 0120 – 4602424/6652424
Email: info@bagnetwork.in
About The Author
