By Bricksnwall | 2026-08-10
Gurugram real estate: Imperial Auto
entrepreneur Manav Sardana acquires Rs 271 crore penthouse in Gurugram’s DLF
The Dahlias.
Entrepreneur Manav Sardana, who was involved
with Imperial Auto before the global private equity company Warburg Pincus
acquired it, has bought a penthouse at DLF’s The Dahlias in Gurugram for ₹271
crore, sources said.
This deal is one of the costliest single-unit
residential transactions in India, bringing Gurugram’s premium housing market
on level with luxury apartments in the Mumbai real estate market.
The penthouse is 17,200 sq ft on super area
and 10,500 sq ft on carpet area. That translates to around ₹1.58 lakh per sq ft
on super area and about ₹2.6 lakh per sq ft on carpet area.
The deal is the most expensive single-unit
residential transaction in the country, said two people familiar with the
transaction.
Manav Sardana verified the deal in an email
answer to Hindustan Times Real Estate. DLF. An email question has been sent. If
a reply is received then the story will be updated.
Dahlia Deals
In April 2026, ace investor Madhusudan
Murlidhar Kela bought an apartment in Gurugram’s DLF ultra-luxury building, The
Dahlias, for more than ₹120.71 crore, according to property documents acquired
by CRE Matrix.
The deal papers stated the unit was sold for
more than Rs 1.93 lakh a square feet. As per the paperwork, the flat is
situated on a higher floor of Tower 1 at The Dahlias, DLF City Phase 5, Sector
54, Village Wazirabad, Gurugram, Haryana.
According to the records, the apartment has a
carpet area of roughly 6,233.39 sq ft and five dedicated automobile parking
places.
Former India opener Shikhar Dhawan has
purchased an ultra-luxury flat in The Dahlias for a close to ₹69 crore in
February 2025, papers seen by CRE Matrix showed. The paperwork revealed that
the apartment was worth ₹65.61 crore and the total cost including stamp duty
was ₹68.89 crore.
One of the country’s costliest residential
acquisitions, an industrialist headquartered in Delhi-NCR bought four flats
measuring over 35,000 sq ft in The Dahlias at Golf Course Road for around ₹380
crore in October 2025, property dealers told Hindustan Times Real Estate . The
four units, in adjoining towers of the under-construction property, would be
merged into a large residential unit, they claimed.
All About Dahlias and Previous Trades
DLF said the Dahlias will feature 420
residences in 29 storeys and 8 towers, with 15 rare duplex penthouses of
roughly 350,000 square feet and spanning about 7.5 million square feet.
DLF’s total sales bookings fell 5% to ₹20,143
crore in FY26 from a record ₹21,223 crore in the previous financial year.
However, The Dahlias remained one of the company’s greatest contributors,
bringing in ₹4,828 crore in FY26 alone. The developer sold 32 flats during the
March quarter, with robust demand and notable price appreciation.
DLF on ecosystem that defines luxury, ₹100
crore apartments in Gurugram
Speaking during the Hindustan Times Real
Estate Summit in June 2026, Aakash Ohri, Managing Director, DLF Home Developers
Ltd had said that India’s ultra luxury housing market and the emergence of
₹100-crore apartments in Gurugram are not just expensive on their own, but are
products of an ecosystem that has been years in the making.
“DLF has worked very hard to build what can
be called the Beverley Hills of India. “It is a fully made in India product and
Camellias especially defines that,” added Ohri. “You talk about Dubai, London —
every country has one or two real estate projects that they are proud talking
about,” Ohri remarked. Camellias has become that for the India, he remarked.
During the investors call for Q1 FY26-27
recently, Ohri said that the pricing of Dahlias are going to be that the lower
floors are ₹100 crores, and it goes up to almost about ₹160 to ₹170-odd crores
right now.
"Most of the North's middle and lower
floors are gone. Some high floors are not there. "So right now for the
trajectory as we have planned it we have another 3 years to go in Dahlias. And
Dahlias is also right now as I see it the demand is such that I don't want to
speculate but post the Experience Center I feel that there will be another
spurt," Ohri stated.
Ohri said the company has garnered interest
from all across the country and overseas for Dahlias now. “Almost over 25% to
30% of our business now is coming from rest of India and outside, which is
NRI,” Ohri said on the call.
Source: Hindustan Times