A high-profile real estate transaction in Gurugram recently saw a penthouse in the prestigious Camellias complex sell for a staggering ₹190 crore. The deal underscores the enduring appeal of luxury housing in key metropolitan areas of India, particularly
Real EstateLuxury HousingGurugramCamelliasHighnetworth IndividualsReal Estate MumbaiDec 07, 2024
The penthouse in the Camellias complex in Gurugram was sold for ₹190 crore.
The Camellias complex is located in Gurugram, a prominent city in the Delhi NCR region.
The Camellias project is developed by one of India's leading real estate developers, known for their premium and luxurious properties.
The penthouse spans several thousand square feet, offers panoramic views of the city skyline, and is equipped with state-of-the-art security systems and advanced technological amenities.
This sale indicates the growing importance of Gurugram in the national and international luxury real estate market, driven by economic growth, rising disposable incomes, and a preference for high-end living.
The removal of indexation benefit will increase the tax incidence on property sale, especially for older properties, while the reduction in long-term capital gains tax rate may boost investments.
Large-scale real estate cases, such as Jaypee Infratech and SARE Gurugram, have yielded recoveries of over 60% of admitted claims.
Discover how blockchain is revolutionizing the Indian real estate sector by introducing transparency, security, and efficiency in property transactions.
Godrej Properties, a leading real estate developer in India, has established a strong presence in key markets such as Delhi-NCR, MMR, Pune, and Bengaluru, with a recent entry into Hyderabad. The company achieved a record INR 22,527 crore in sales bookings
Experts suggest that the affordable housing cap should be increased to at least ₹85 lakh in Mumbai and ₹60-65 lakh in other metro cities to better reflect current market conditions.
In a recent incident, the Pune Traffic Police made the internet laugh with a miscommunication that left everyone scratching their heads. The jest of the matter? They missed the point of a simple traffic violation complaint, leading to a facepalm moment.