Gurugram Penthouses vs. Burj Khalifa: NCR's Luxury Real Estate Market Surges
DLF's project, The Dahlias, and Noida's growing real estate market are now rivaling Dubai's luxury living, with properties reaching record prices. Explore how Gurugram is becoming a prime location for luxury living.
Gurugram Real EstateLuxury PropertiesBurj KhalifaNoida Real EstateDlf The DahliasReal Estate NewsJan 09, 2025
Burj Khalifa stands tall as the world’s highest building, reaching 2,716.5 feet with 163 floors.
It features 304 hotel rooms, 900 luxurious apartments, 58 elevators, and 2,957 parking spots.
The neo-futurist building also houses 37 office floors.
While buying a house at the iconic Burj Khalifa might seem like a distant dream for many, it is not entirely out of reach.
The price of an apartment at Burj Khalifa ranges from Rs 3 crore to as much as Rs 14 crore.
Burj Khalifa is home to the Armani Hotel, which occupies the 8th, 38th, and 39th floors.
The 9th to 16th floors are dedicated to opulent 1 BHK and 2 BHK apartments known as Armani Residences.
The building also includes ultra-luxurious private apartments from the 45th to the 108th floor, with up to four bedrooms.
A 1 BHK apartment at Burj Khalifa costs around AED 1,600,000 (Rs 3.73 crore), a 2 BHK flat costs AED 2,500,000 (Rs 5.83 crore), and a 3 BHK flat costs AED 6,000,000 (Rs 14 crore).
The most expensive and largest penthouse at Burj Khalifa is priced at an astounding AED 102,000,000 (approximately Rs 240 crore), spanning 21,000 square feet with state-of-the-art amenities.
Gurugram’s Rise in the Real Estate Sector
Gurugram is increasingly becoming a focal point in the real estate sector, thanks to its emerging luxury projects.
It is now a prime location for businessmen and the wealthy.
DLF’s project, The Dahlias, located on the Golf Course Road in Gurugram, has even surpassed the cost of apartments in the world’s tallest building, Burj Khalifa.
Pradeep Mishra, the CMD of ORAM Developments, remarked, “Gurugram has emerged as the new luxury capital of India, surpassing Delhi and Mumbai.
Entrepreneurs and industrialists prefer to live closer to their workplaces in Gurugram, making it a hub for the elite.” Iconic projects like DLF Aralias, launched 25 years ago at ₹1,800 per sq.
ft., have paved the way for today’s luxury benchmarks like DLF Camellias, now commanding ₹1,80,000 per sq ft.
DLF's new project, The Dahlias, will cover 17 acres and feature 29 towers, consisting of 400 ultra-luxurious residences starting at Rs 80,000 per square foot.
The typical price of an apartment in this project can reach as high as Rs 100 crore.
Noida’s Growing Momentum in Real Estate
Noida is also gaining significant momentum in the real estate market.
Media reports indicate that the government plans to raise the circle rates by 25-30 per cent for residential sectors in Noida and by 10-15 per cent for other regions.
This move is expected to further increase the price of residential properties in Noida.
According to a report by ANAROCK Research, Noida has experienced a 66 per cent rise in real estate prices since 2019.
The trend of price appreciation is expected to continue in the coming years, making Noida an attractive investment option for luxury real estate buyers.
Conclusion
The real estate market in Gurugram and Noida is on a rapid rise, with luxury projects now rivaling the prices of apartments in the iconic Burj Khalifa.
These developments are not just a testament to the growing economic prowess of the NCR region but also to its appeal as a hub for luxury living.
As more projects come to fruition, both cities are poised to become even more sought-after destinations for the elite.
About DLF
DLF is one of India's leading real estate developers, known for its premium projects and commitment to excellence.
With a vast portfolio spanning residential, commercial, and hospitality sectors, DLF continues to set new benchmarks in the real estate industry.
Frequently Asked Questions
What is the price range for apartments in Burj Khalifa?
The price of an apartment at Burj Khalifa ranges from Rs 3 crore to Rs 14 crore.
How much does the most expensive penthouse at Burj Khalifa cost?
The most expensive and largest penthouse at Burj Khalifa is priced at approximately Rs 240 crore.
What is DLF's new luxury project in Gurugram?
DLF's new luxury project in Gurugram is called The Dahlias, located on the Golf Course Road.
How much has the real estate price in Noida increased since 2019?
Noida has seen a 66 per cent increase in real estate prices since 2019.
What is the starting price per square foot for residences in DLF The Dahlias?
The starting price per square foot for residences in DLF The Dahlias is Rs 80,000.
Related News Articles
Cricketer Yuvraj Singh's Battle Against Delhi-Based Real Estate Firm: A Tale of Delayed Delivery and Poor Quality
Yuvraj Singh moved Delhi High Court against a Delhi-based real estate firm over a property-related dispute, alleging delayed delivery and poor quality of materials.
Realty Promoter Linked to Lalu Prasad Has Assets Worth Rs 113 Crore Attached by ED
The Enforcement Directorate has attached properties valued at around Rs 113 crore of Amit Katyal, an alleged associate of RJD supremo Lalu Prasad’s family, and his realty firms in a money laundering case.
GST Relief for Real Estate Sector: GoM Fails to Reach Consensus
Most members of the Group of Ministers (GoM) are not in favour of GST relief to the real estate sector, but discussions will continue before submitting a final report to the GST Council.
Godrej Properties and Macrotech Developers Achieve Record Sales in Q1-Q2 of FY24
The combined sales bookings of Godrej Properties and Macrotech Developers, two leading Mumbai-based realty firms, have reached Rs 22,120 crore during April-September 2024, marking a 56% year-on-year growth. This surge is driven by strong demand for premiu
Pune's Real Estate Market Finds New Heights in October 2024 with 39% Growth
Pune's real estate market witnessed a significant surge in October 2024, with over 20,894 property registrations, marking a 39% year-on-year increase. The festive season and changing buyer preferences have been key factors in this growth.
MahaRERA Update: Monthly Open Houses for Real Estate Developers in Nagpur and Pune
MahaRERA has announced plans to conduct monthly open houses for real estate developers in Nagpur and Pune, following the successful implementation in Mumbai. This move aims to enhance transparency and address the concerns of developers in these regions.