What would you do if you had Rs 190 crore? Start a business, invest in real estate, or maybe buy land? Well, someone decided to buy a penthouse apartment instead.
In a record-breaking deal, a luxurious penthouse in Gurgaon has been sold for Rs 190 crore. Spanning an impressive 16,290 square feet, the property was purchased by Rishi Party, the founder of software company Info-X.
The Numbers Behind the Deal
- Stamp Duty Paid: Rs 13 crore
- Price per Square Foot: Rs 1.82 lakh
- This makes it the highest price per square foot ever recorded in India, surpassing a previous record in Mumbai where a property sold for Rs 1.36 lakh per square foot.
About the Penthouse
The penthouse is part of an ultra-luxury project by DLF, designed to offer world-class amenities. Located on Gurgaon’s Golf Course Road, the area is fast becoming a hub for billionaires, with wealthy individuals from northern India flocking to acquire luxury residences.
About the Buyer
Rishi Party, the new owner, founded Info-X at the age of 24 in 2001. He also manages three other companies as a director. With this acquisition, he’s made headlines not just for his entrepreneurial success but also for his lavish lifestyle choice.
Gurgaon’s Golf Course Road: The Billionaire's Haven
Often referred to as India’s version of New York’s Central Park billionaire enclave, the Golf Course Road area is witnessing a surge in demand for luxury properties. Real estate developers are now focusing on creating opulent apartments tailored for the super-rich.
This penthouse deal is expected to further solidify Gurgaon’s reputation as a premium destination for India’s wealthiest individuals.
