Flats starting at 100 crores: DLF's costliest apartment in Gurugram is for those people who want supreme luxury, details here

Gurugram: In a groundbreaking move that signals a seismic shift in India's luxury real estate landscape, DLF, the country's largest realty firm by market capitalization, is poised to unveil its most ambitious project to date. "DLF The Dahlias," situated on the prestigious Golf Course Road in Gurugram, is set to become the most expensive residential development in Indian history, eclipsing even the poshest enclaves of Mumbai and Delhi.

The Dahlias will rise across the road from its predecessor, The Camellias, which has already set benchmarks for luxury living in the National Capital Region (NCR). With a staggering starting price of Rs 80,000 per square foot and an average apartment ticket size of approximately Rs 100 crore, The Dahlias is poised to redefine ultra-luxury housing in India.

According to PropEquity, a leading real estate consulting firm, The Dahlias will boast a total sales value of Rs 34,000 crore, an unprecedented figure that dwarfs its competitors. This valuation is 2.5 times that of The Camellias or any other single project in India, marking a new zenith in the country's real estate market.

The scale of The Dahlias is nothing short of impressive. Spanning 17 acres, the development will feature 29-floor towers housing approximately 400 super-luxury residences. These opulent homes will range from 9,500 to 16,000 square feet, with an average size of 11,000 square feet. The project's ambition is further underscored by its expansive clubhouse, set to cover approximately 200,000 square feet—twice the size of the one in The Camellias.

The Dahlias' launch comes at a time when Gurugram is increasingly asserting its dominance in the luxury real estate sector. This Delhi satellite city has been steadily outpacing traditional bastions of high-end property like South Mumbai and Lutyens' Delhi. The success of projects like The Camellias has paved the way for this ascendancy, demonstrating a robust demand for ultra-luxury housing in the NCR.

The Camellias, launched a decade ago at Rs 22,500 per square foot (for super area), has seen its value appreciate significantly. Recent transactions in the development have averaged between Rs 65,000 to Rs 85,000 per square foot, solidifying its status as one of India's most exclusive addresses. The rental market in The Camellias further attests to its premium positioning, with unfurnished apartments commanding a minimum of Rs 10.5 lakh per month, while furnished options fetch up to Rs 14 lakh monthly.

A recent high-profile transaction in The Camellias saw a 10,000 square foot apartment change hands for Rs 95 crore in February 2024. The buyer, Smiti Agarwal, wife of Hemant Agarwal, CMD of retail giant V-Bazaar, exemplifies the caliber of residents these developments attract—a mix of top executives, industrialists, and high-net-worth individuals seeking unparalleled luxury and privacy.

The Dahlias' launch is set against a backdrop of evolving trends in India's luxury real estate market. While Mumbai and Delhi have traditionally been the epicenters of premium property, with some areas commanding prices exceeding Rs 1 lakh per square foot, Gurugram's rise challenges this status quo. The city's rapid development, superior infrastructure, and proximity to the national capital have made it an increasingly attractive destination for luxury homebuyers.

Samir Jasuja, Founder and CEO of PropEquity, commented on the significance of The Dahlias, stating, "With the launch of this much-anticipated project, DLF is all set to usher in new standards for luxury living in India by providing state-of-the-art amenities for its residents. DLF is set to make history in Indian real estate with this project, making it India's largest and most expensive residential project ever to be built."

The Dahlias' sales value is particularly noteworthy when compared to other landmark developments across India. PropEquity notes that its projected sales value equals the combined total of Three Sixty West by Oberoi Realty in Mumbai, DLF Camellias in Gurugram, and Naman Xana in Mumbai. This comparison underscores the sheer scale and ambition of The Dahlias project.

Industry experts suggest that the success of The Dahlias could have far-reaching implications for India's luxury real estate sector. It may encourage other developers to push the boundaries of luxury and pricing, potentially leading to a new tier of ultra-premium developments in other major cities.

Moreover, The Dahlias' launch reflects growing confidence in India's economic trajectory and the expanding pool of ultra-high-net-worth individuals in the country. As India's economy continues to grow and create wealth, the demand for such exclusive residences is expected to rise, particularly in business hubs like Gurugram that attract top-tier corporate talent and entrepreneurs.

The project also highlights the evolving preferences of luxury homebuyers in India. Beyond just spacious apartments, developments like The Dahlias offer a comprehensive lifestyle package, including world-class amenities, enhanced security features, and smart home technologies. This holistic approach to luxury living is increasingly becoming a differentiator in the high-end real estate market.

As DLF prepares to launch The Dahlias, all eyes will be on Gurugram and the project's reception among India's elite. Its success could not only cement Gurugram's position as a luxury real estate powerhouse but also set new benchmarks for premium housing across the country. The Dahlias stands poised to redefine luxury living in India, marking a new chapter in the nation's real estate narrative.