Rs. 190 crores for just one apartment, SHOCKING, isn’t it? But it’s absolutely true. Recently, Rishi Parti purchased an apartment in DLF Gurugram for Rs. 190 crore. Following this deal, people have shown immense curiosity and reacted on social media to uncover the buyer’s identity.
Mumbai has always been renowned for its expansive properties when it comes to luxurious homes and apartments. However, Gurugram has recently backed Mumbai by selling an apartment at a hefty price.
This transaction is bound to create a buzz in the real estate market, firmly establishing Gurugram as a prominent destination for ultra-luxury properties.
Who is Rishi Parti?
Rishi Parti, the visionary founder and managing director of the renowned firm Info-x Software Technology Pvt Ltd, also holds the title of angel investor. At a mere 24, he started Info-x Software Technology Pvt Ltd, a business focused on logistics and digital transformation. Beyond this, his entrepreneurial journey extends to involvement with other ventures such as Find My Stay Pvt Ltd and Integrator Ventures Pvt Ltd.
Rishi Parti Gurugram Apartment Purchase
With luxury penthouse sold for Rs. 190 crore, Gurugram has emerged as a highly sought-after destination for luxury apartments and penthouses.
Additionally, a stamp duty of Rs. 13.30 crore was also paid when the property was registered in December 2024.
Overall, Rishi Parti’s high-end residential property comes at a total cost of over Rs. 200 crore.
How does it impact the Real Estate Market, especially in Gurugram?
Over the past few months, Gurugram has experienced a remarkable surge in the demand for high-end luxury properties. For instance, a few months ago, an apartment spanning 11,000 square feet in DLF Camellias sold for Rs. 114 crore. In December, Rishi Parti purchased a luxurious penthouse of 16,290 square feet in DLF Camellias, located on Gurugram’s Golf Course Road, for Rs. 190 crore. These increasing demands not only redefine luxury but also positively impact the real estate market in Gurugram in several ways:
Position Gurugram as a Top Leader in Real Estate
This growing demand creates ripple effects across all property segments in Gurugram, and positions the city as a hub for luxury real estate. As a result, it attracts high-net-worth people and investors and encourages them to view Gurugram as an aspirational lifestyle destination motivating them to become part of this exclusive lifestyle culture.
Increase Property Valuation
The increasing demand for luxury residences in Gurugram has driven up their prices. The skyrocketing prices of luxury apartments in DLF Camellias have created a cascading effect on the prices of other properties in Gurugram. This trend is advantageous for developers and sellers, as they can secure more profitable prices for their properties.
Attracting Potential Buyers and Investors
The surge in demand for luxury apartments has placed Gurugram prominently on the radar of potential investors and buyers. This opens up opportunities for increased investments in Gurugram’s real estate market, potentially leading to the development of more luxury housing properties in the future.
Increase Demand for Luxury Amenities and Infrastructure
Because of these high-level property deals such as Rishi Parti, there is a challenge for developers to develop more properties with robust infrastructure and premium luxury amenities. As a result, Gurugram is transforming into a city with ultra-modern infrastructure, appealing to high-ticket buyers and offering them new luxurious property developments.
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