Entrepreneur Manav Sardana has reportedly purchased a penthouse at DLF’s The Dahlias in Gurugram for Rs 271 crore, in a deal reported to be India’s costliest single-unit residential transaction.

The penthouse is reported to have an excellent space of 17,200 sq ft and a carpet space of 10,500 sq ft. On the reported buy value, that works out to about Rs 1.58 lakh per sq ft on a super-area foundation and about Rs 2.58 lakh per sq ft based mostly on carpet space.

The transaction stands out as a result of the Rs 271 crore value pertains to a single residential unit. It has been reported as India’s most costly single-unit residential deal and can also be among the many nation’s costliest housing transactions on a per-square-foot foundation.

Who’s Manav Sardana?

Sardana has beforehand been related to Imperial Auto Industries, a producer of fluid transmission merchandise for the automotive and off-highway sectors.

Imperial Auto mentioned it was established as a small-scale enterprise in Faridabad in 1969 by Jagjit Singh and S.B. Sardana. The corporate later expanded into a serious provider of fluid transmission merchandise to authentic gear producers in India and abroad.

Its product portfolio consists of versatile high-pressure assemblies, metallic tubular assemblies and low-pressure hose assemblies. Imperial Auto additionally has in-house capabilities in areas together with electroplating and rubber-compound mixing.

The corporate describes itself as India’s largest built-in producer and assembler of fluid transmission merchandise and mentioned it has greater than 20 amenities in India, with extra operations exterior the nation.

Imperial Auto’s possession modified in 2022 when Stone Plant Investments, an affiliate of world personal fairness agency Warburg Pincus, acquired a majority stake in Imperial Auto Industries and its affiliated corporations.

On the time, Warburg Pincus mentioned the group generated income of about Rs 2,200 crore and had greater than 20 manufacturing amenities throughout India, Germany and the US. It additionally mentioned Imperial Auto equipped main authentic gear producers in home and abroad markets.

What’s The Dahlias?

The Dahlias is DLF’s super-luxury residential improvement in DLF5, Sector 54, Gurugram. The venture was registered with the Haryana Real Estate Regulatory Authority in October 2024.

DLF launched the venture in the identical interval. Its official disclosures describe The Dahlias as a roughly 17-acre improvement comprising 420 residences. The venture consists of eight residential towers and 15 duplex penthouses.

DLF reported Rs 11,816 crore in bookings from The Dahlias throughout its opening quarter, making the venture the principle contributor to the corporate’s report residential bookings within the three months to December 2024.

The developer has continued to boost costs on the venture.

Throughout DLF’s Q1 FY27 analyst name in August 2026, managing director and chief enterprise officer (CBO) Aakash Ohri mentioned about 34 properties at The Dahlias had been offered within the earlier quarter.

“We’re nearly about 65% offered,” Ohri mentioned. He added that the venture’s entry value had moved above Rs 100 crore.

DLF mentioned value realisation had risen above Rs 1 lakh per sq ft, based mostly on saleable space, whereas properties on increased flooring have been promoting at round Rs 1.20 lakh to Rs 1.25 lakh per sq ft.

Ohri additionally advised buyers that the venture was drawing patrons from throughout India and abroad, with about 25% to 30% of its enterprise coming from exterior the native market, together with non-resident Indians.

Different main offers at The Dahlias

Sardana’s reported buy follows a number of different high-value transactions on the improvement.

Investor Madhusudan Murlidhar Kela purchased an condominium at The Dahlias for Rs 120.71 crore in April 2026, in response to property registration paperwork reported by Hindustan Occasions. The house has a carpet space of about 6,233 sq ft.

Former India cricket opener Shikhar Dhawan purchased an condominium on the venture in February 2025. Property paperwork reported by Hindustan Occasions put the condominium value at Rs 65.61 crore and the entire transaction value, together with stamp responsibility, at Rs 68.89 crore.

In October 2025, 4 residences at The Dahlias have been reported to have been purchased by a Delhi-NCR enterprise household for near Rs 380 crore. The excellence in Sardana’s reported transaction is that the Rs 271 crore value pertains to one residential unit relatively than a gaggle of residences.

DLF’s personal disclosures present additional proof of the costs being achieved on the improvement. The corporate mentioned The Dahlias is about 65% offered and that present entry-level costs exceed Rs 100 crore, with value realisations above Rs 1 lakh per sq ft.

Sardana’s reported Rs 271 crore buy subsequently stands out even inside a improvement the place properties priced above Rs 100 crore have change into a part of the venture’s present gross sales vary.

The customer’s identification and the main points of the Rs 271 crore transaction have been reported by media shops, whereas DLF has not made a public announcement confirming the deal.