(Image source from: Businesstoday.in)

Deepinder Goyal, who helped start Zomato, has recently gotten his fancy apartment at The Camellias in Gurugram officially registered. He had spent ₹52.3 crore to buy this property three years ago. The official paperwork was completed on March 17 of this year, with the fee for the registration costing him ₹3.66 crore, according to papers seen by Zapkey. This apartment is quite special because it has a total area of 10,813 square feet and also comes with five parking spots. Goyal bought it straight from DLF in August 2022 but finished the legal transfer of ownership this year. The Camellias is more than just a really nice building. It is located on more than 17.5 acres in DLF Phase 5, and it has quietly become one of the most expensive places to live in India. Some people say that living there is like staying in a very fancy hotel all year round. Real estate agents say that a similar apartment now would cost more than ₹140 crore. Up to now, neither DLF nor Goyal has made any comments. If there is any answer, this article will be changed to include it.

Goyal is not the only person doing this kind of thing. The Camellias has been attracting some of the wealthiest business people in the country. In December 2024, Rishi Parti, who is the CEO and started Info-X Software Technology, bought a really expensive penthouse there for ₹190 crore. Earlier in February, Smiti Agarwal, the wife of V Bazaar Retail’s CMD Hemant Agarwal, paid ₹95 crore for an apartment with 10,000 sq ft that was sold by an Indian person living in Singapore. These apartments didn&039;t always cost this much money. When DLF first offered The Camellias in 2014, the prices for basic apartments were around ₹22,500 for each square foot. Now, sales of these apartments that have been owned before have gone over ₹100 crore many times. In October 2023, an apartment with 11,000 sq ft was sold for about ₹114 crore, which is a price that is normal for big houses in Lutyens’ Delhi. This apartment is not the only real estate that Goyal has invested in. In February 2024, he purchased some land in Mehrauli, Delhi, for ₹50 crore. He also owns a collection of expensive cars, such as a Lamborghini Huracan Sterrato, Aston Martin DB12, and Ferrari Roma.

For someone who started working at Bain & Company and then helped start Foodiebay in 2008 with Pankaj Chaddah before changing the name to Zomato, this seems like a normal step forward. Transactions like these show a very clear trend. New business founders and top-level managers in India are investing in homes from well-known brands instead of traditional, big houses. The Camellias in Gurugram has quietly become a central place for this group of people. As more buyers from the technology industry and new businesses look for extremely luxurious apartments, the prices of these properties keep going up. The National Capital Region is still a common area for these types of purchases. The Camellias shows how these buyers are getting rid of individual houses and instead choosing tall buildings that offer better privacy, large spaces, and services like those in a hotel. People who watch the real estate market think this trend will keep going for a while. The desire for bigger homes and even bigger prices is growing, with buyers such as Goyal leading the way.