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Financial Express-Gurugram surpasses Mumbai and Dubai in ultra-luxury housing market – Check average property price

2024 has proven to be a groundbreaking year for India’s luxury real estate market. From stellar deals in Gurugram to blockbuster sales in Mumbai, the super-luxury living trend is reshaping the real estate landscape. Gurugram, in particular, has emerged as a fierce competitor to Mumbai and Dubai in the luxury real estate category, setting new benchmarks and redefining urban opulence.

 

As of December 2024, Gurugram’s DLF Camellias project is at the forefront of India’s real estate headlines, with record-breaking property deals positioning the city ahead of both Mumbai and Dubai in the ultra-luxury segment. “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,” informs Pradeep Mishra, CMD, ORAM Developments.

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