Nowadays, a deal is being discussed in the real estate circle of Gurugram, Haryana, adjacent to the capital Delhi. This deal pertains to a 10,000-square-foot apartment sold for Rs 100 crore. This deal was done in DLF’s The Camellias project on Golf Course Road.
The company sold apartments of this size for Rs 60 crore a few months ago, but the price of flats here has increased significantly in the last four months. Boat founder Aman Gupta and Aakash Educational Services’ JC Chaudhry have also purchased property in this project.
Amit Goyal, MD, India Sotheby’s International Realty, said there is a huge demand for apartments in DLF Golf Links because founders of many startup companies, top executives of multinational companies and businessmen live here. All three projects, Golf Links, Aralias, Magnolias and Camellias, have seen a considerable price increase in the last year. DLF is selling a 10,000-square-foot apartment for Rs 85 crore, but the buyers are asking for Rs 100 crore after spending on the interiors.
Price In Mumbai and Delhi
The property price in the Delhi Gurugram and Lutyens Zone area has reached at par with Mumbai. Experts say rich people prefer to live in expensive apartments instead of bungalows after Corona. This is because they are getting all the facilities in them.
Initially, the price of flats in The Camellias was Rs 22,500 per square foot, now reaching Rs 85,000. In 2014, the price of a 10,000-square-foot apartment was Rs 23 crore, now going to Rs 85 crore. In some areas of Delhi, the land cost has reached above Rs 1 lakh per square foot, but it is still relatively high in the luxurious Mumbai regions.
