DLF Sells Penthouse For ₹271 Cr In Luxury Housing Project In Gurugram

Realty major DLF Ltd has sold a penthouse for ₹271 crore at its upcoming luxury housing project in Gurugram, making it one of the costliest deals in terms of per square feet, according to sources.

In October 2024, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF Phase 5 in Gurugram, comprising 420 apartments and penthouses.

Sources said the company has sold a penthouse in this project to entrepreneur Manav Sardana, who was associated with Imperial Auto.

The penthouse has a 17,200 sq ft super area and a 10,500 sq ft carpet area.

On the super area basis, DLF has sold the penthouse at ₹1.58 lakh per sq ft, while the selling price is nearly ₹2.6 lakh per sq ft on carpet area, sources said.

A DLF spokesperson declined to comment on the sale.

DLF is expecting a total revenue of more than ₹40,000 crore from this project. It has already sold more than 65% of its units so far.

The price of an apartment in this project ranges between ₹100 crore and ₹170 crore. Penthouses cost more.

Demand for luxury apartments has gone up across major seven cities post-COVID pandemic. Gurugram and Mumbai have witnessed many big ticket sales of apartments and penthouses.

During the first quarter of this fiscal, DLF Ltd sales bookings or pre-sales plunged 94% to ₹657 crore as it did not launch any project.

During 2025-26, DLF Ltd's sales bookings or pre-sales fell 5% to ₹20,143 crore from a record of ₹21,223 crore in the preceding financial year.

In May this year, the company had given an annual sales bookings guidance of ₹20,000 crore for the current 2026-27 fiscal.

DLF is confident of meeting the sales bookings target of ₹20,000 crore for this fiscal despite a sharp fall in the June quarter.

DLF reported a 4% increase in its consolidated net profit to ₹793.90 crore for the quarter ended June, despite a huge fall in its total income.

Total income declined to ₹1,605.56 crore in the first quarter of 2026-27 fiscal from ₹2,980.88 crore in the corresponding period of the preceding year.

DLF has developed over 185 real estate projects and an area of more than 352 million square feet.

The group has 275 million sq ft of development potential across residential and commercial segments.