Winning Bizness Desk
Mumbai. DLF, India's largest real estate company, is set to launch the country’s most expensive residential project, "DLF The Dahlias," located on the prestigious Golf Course Road in Gurugram. This ultra-luxury project will stand opposite the renowned "The Camellias" and is poised to redefine luxury living standards in India with sky-high prices and top-tier amenities. Spread over 17 acres, DLF The Dahlias will feature 29-storey towers housing 400 super-luxury residences. The size of these residences will range between 9,500 and 16,000 square feet, with an average apartment size of 11,000 square feet. The project’s clubhouse alone will cover a staggering 2 lakh square feet, making it twice as large as the clubhouse at The Camellias, another flagship DLF project.
Prices Soaring Over Rs 100 Crore
The Dahlias will offer apartments starting at Rs 80,000 per square foot. According to real estate consultancy PropEquity, the average price of an apartment here will be approximately Rs 100 crore. The total sales value of the project is expected to be around Rs 34,000 crore, making it about 2.5 times more valuable than any other project in India, including DLF Camellias, which is already one of the country's most coveted addresses. In comparison, DLF’s Camellias was launched a decade ago at a price of Rs 22,500 per square foot. Today, it houses some of Delhi-NCR's top CEOs and high-net-worth individuals. Apartments in Camellias are currently priced between Rs 65,000 and Rs 85,000 per square foot, with monthly rents for unfurnished apartments starting at Rs 10.5 lakh. Rents for fully furnished apartments can go as high as Rs 14 lakh per month. Earlier this year, in February 2024, Smriti Agarwal, wife of V-Bazaar CMD Hemant Agarwal, purchased a 10,000 square-foot apartment in Camellias for Rs 95 crore, showcasing the growing demand for such premium properties.
The Rise of Gurugram's Real Estate Market
Traditionally, high-end real estate prices exceeding Rs 1 lakh per square foot were confined to select areas of Mumbai and Delhi. With the upcoming launch of The Dahlias, Gurugram is now joining this elite market. The project is expected to surpass the value of other expensive projects, including Oberoi Realty’s "360 West" in Worli, Mumbai, which had previously held the title for the country’s most expensive real estate project by sales value. With DLF The Dahlias, Gurugram is not only catching up but also setting new benchmarks for luxury real estate in India. This development signals the increasing affluence and demand for high-end properties in the NCR region, making Gurugram a new hub for ultra-luxury living.
