INR190 Crore Penthouse in Gurugram Sets a Record in Indian Real Estate. Who is Rishi Parti who invested this much ?

In a landmark deal that has rewritten the rules of luxury real estate in India, a stunning ₹190 crore penthouse at DLF Camellias has been sold to Rishi Parti, the 47-year-old founder and Managing Director of Info-x Software Technology. This ultra-luxury 16,290-square-foot property has cemented Gurugram’s status as a burgeoning hub for elite investors and affluent residents.

A Record-Breaking Transaction
The sale, reported by Hindustan Times, is the largest of its kind in India’s history, setting a new benchmark for price per square foot. With a price of ₹1.18 lakh per square foot on the super area and ₹1.82 lakh per square foot on the carpet area, this penthouse has outshined even Mumbai, India’s traditional leader in high-end real estate.

According to Samir Jasuja, founder and CEO of Propequity, “This ₹190 crore deal is the highest recorded per square feet price ever for a high-rise apartment in India, surpassing Mumbai by miles.” For context, the highest prices for luxury properties in Mumbai hover around ₹1.62 lakh per square foot on carpet area, highlighting the growing appeal of Gurugram’s premium real estate.

Who is Rishi Parti?
Rishi Parti, the buyer of this record-breaking property, is a successful entrepreneur and angel investor. At the age of 24, he co-founded Info-x Software Technology Pvt Ltd, a Gurugram-based company specializing in logistics and digital transformation solutions. Today, his firm employs around 150 professionals across 15 countries. Parti is also associated with companies like Find My Stay Pvt Ltd and Integrator Ventures Pvt Ltd, where he serves in directorial roles.

The Camellias: A New Standard of Luxury
Situated on Gurugram’s prestigious Golf Course Road, DLF Camellias is a symbol of unparalleled opulence. This development, often compared to the likes of New York’s Billionaires’ Row or Delhi’s Lutyens’ Zone, caters to India’s wealthiest individuals. Featuring expansive residences, state-of-the-art amenities, and breathtaking views, it has become a magnet for the ultra-rich.

This sale is just the beginning. DLF’s upcoming Dahlias project, located nearby, is already attracting significant attention. With pre-launch sales exceeding 100 units priced between ₹60 crore and ₹100 crore, the Dahlias promise to further elevate Gurugram’s luxury real estate market.

Gurugram: North India’s ‘Billionaires’ Row’
The Golf Course Road area has rapidly emerged as a hotspot for affluent buyers seeking exclusive residences. Often dubbed North India’s ‘Billionaires’ Row,’ this area is challenging Mumbai’s Altamount Road and Delhi’s Lutyens’ Zone in desirability and pricing.

Real estate consultancy JLL reports that 64% of India’s luxury residential launches in the first half of 2024 took place in the Delhi NCR region, with Gurugram leading the charge. Projects like the Camellias and Dahlias are reshaping the city’s landscape, making it a top destination for luxury living.

A Booming Luxury Market
The sale of this ₹190 crore penthouse is not just a milestone for DLF but a sign of broader trends in India’s real estate sector. Gurugram’s high-end property market is now competing on a global scale, attracting both domestic and international investors.

As wealthier buyers continue to prioritize exclusivity and luxury, the future of Gurugram’s real estate market looks promising. With its strategic location, world-class developments, and growing reputation, this city is poised to become a leading hub for luxury living in India.

This record-breaking transaction is more than just a real estate deal—it is a testament to the growing demand for ultra-luxury living spaces and a sign of Gurugram’s rising prominence in the global luxury property market.