NEW DELHI: The post-Covid real estate boom might soon witness what could be India's costliest ever super luxury highrise condominium in terms of carpet area. Leading developer DLF is set to launch Camellias-II in Gurgaon, right across the road from the existing Camellias, with apartments potentially starting at Rs 60 crore for 10,000 square feet as the entry level. While sources suggest Camellias-II prices may range from Rs 60,000-70,000 per square foot in super area terms, its carpet area could potentially surpass Camellias' current rate of almost Rs 1.
7 lakh per square foot. If these projections hold true, Camellias-II could become a new benchmark in India's luxury real estate market . The existing Camellias, home to top Delhi NCR-based CEOs and high net worth individuals, was launched at Rs 22,500 per square foot (price for the super area) a decade ago and is currently among the most expensive condominiums in the country.
Historically, the poshest parts of Mumbai and Delhi have seen the highest real estate prices, exceeding Rs 1 lakh per square foot. Gurgaon, currently India's fastest-growing luxury real estate market, broke into this club with Camellias, where the largest apartments have reportedly sold for over Rs 100 crore in the recent past. Amit Goyal, CEO of India Sotheby's International Realty, confirms that Mumbai, Delhi, and some parts of Gurgaon are the only areas that command over Rs 1 lakh per square foot pricing.
"We have sold apartments in Delhi's Jorbagh and.