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Entrepreneur Manav Sardana has bought a 17,200-square-foot penthouse at DLF's The Dahlias in Gurugram for ₹271 crore, making it a record transaction for the project. The development has recorded prices above ₹1 lakh per square foot and attracted buyers from tier-two cities and overseas.
11:43 PMEconomic Times Realty
A Birla Estates subsidiary has acquired nearly 90,000 sq ft of FSI from Parinee entities for more than ₹159 crore. The development rights, generated through a Slum Rehabilitation Authority scheme in Kandivali, will be transferred to a society redevelopment project in Khar, Mumbai.
2:04 AMEconomic Times RealtySummary
Entrepreneur Manav Sardana has bought a 17,200-square-foot penthouse at DLF's The Dahlias in Gurugram for ₹271 crore, making it a record transaction for the project. The development has recorded prices above ₹1 lakh per square foot and attracted buyers from tier-two cities and overseas.
The ₹271 crore sale confirms that demand at the top end of India's residential market
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal shows how India's luxury housing market is setting new price benchmarks well above the wider residential market.
Summary
A Birla Estates subsidiary has acquired nearly 90,000 sq ft of FSI from Parinee entities for more than ₹159 crore. The development rights, generated through a Slum Rehabilitation Authority scheme in Kandivali, will be transferred to a society redevelopment project in Khar, Mumbai.
The transaction gives Birla Estates additional development capacity in a premium Khar project without relying
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Developers are using transferable development rights to expand redevelopment potential in Mumbai's land-constrained premium markets.
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