Zomato co‑founder and CEO Deepinder Goyal has officially registered a sprawling ultra‑luxury apartment at DLF’s prestigious The Camellias, located in Phase‑5, Gurugram. Though the deal was struck three years ago, the final stamp on the documents came this March.
- Super built‑up area: 10,813 sq ft
- Total registered price: ₹52.3 crore
- Stamp duty paid: ₹3.66 crore during registration in March 2025
- Acquisition timeline: Purchased directly from DLF in August 2022, with conveyance deed completed on March 17, 2025
The apartment boasts five exclusive parking spaces—an amenity befitting its premium status. Market estimations now place its current value between ₹125 and ₹150 crore, reflecting an astonishing surge in property appreciation .
The Camellias: At the Apex of Prestige Spread across 17.5 acres in DLF Phase‑5 along Golf Course Road, The Camellias has emerged as the go‑to address for India’s elite. Real estate experts liken its elegance to a “7‑star hotel experience”—offering residents world‑class amenities, sprawling greenery, and unmatched security.
The Camellias isn’t just known for its lavish design; the project regularly turns heads with record‑breaking transactions:
- December 2024: Rishi Parti, CEO and founder of Info‑X Software, acquired a penthouse for a staggering ₹190 crore.
- February 2024: Smiti Agarwal (wife of V Bazaar CMD Hemant Agarwal) purchased a nearly 10,000 sq ft flat from an NRI seller for ₹95 crore.
- October 2023: A high‑end 11,000 sq ft flat changed hands for roughly ₹114 crore on resale.
When it launched in 2014, DLF offered bare‑shell units at around ₹22,500 per sq ft. The flip to current resale rates well over ₹100 crore signals a dramatic elevation in luxury real estate pricing.
Building on The Camellias’ success, DLF recently unveiled The Dahlias—another ultra‑luxury project aiming to generate ₹35,000 crore in revenue.
Deepinder Goyal’s Expanding Luxury Portfolio
Deepinder Goyal’s investment doesn’t stop at this palatial apartment. In February 2024, he acquired a prime plot in Mehrauli, South Delhi, for ₹50 crore. Additionally, his fleet of luxury vehicles—ranging from Lamborghini Huracán Sterrato and Aston Martin DB12 to Ferrari Roma—echoes his taste for opulence.
An IIT‑Delhi alumnus who began his career with Bain & Company and co‑created Foodiebay in 2008 (which later morphed into Zomato), Goyal’s move into high‑end real estate reflects both personal success and changing patterns among India’s tech elite.
What This Means for the Indian Luxury Market
- Surge by Tech Founders
The transaction underscores a burgeoning trend: India’s tech and startup leaders are shifting capital into flagship residential projects rather than standalone bungalows. - Gurugram’s Rise
Once a satellite city, Gurugram now rivals Delhi’s poshest zones. The Camellias, in particular, is becoming a trophy community where ultra‑wealthy individuals prefer apartment living. - Skyrocketing Appreciation
With valuations tripling (from ₹52 crore to an estimated ₹125–150 crore), investors are viewing such assets as long‑term wealth vehicles. - Re‑defining Luxury
Amenities like private elevators, personalized climate control, elite clubhouses, and round‑the‑clock concierge services are becoming the new baseline of luxury living. - Ripple Effect
These high‑value sales set market benchmarks, influencing pricing across upcoming premium developments nationwide.
Deepinder Goyal’s latest investment isn’t just another affluent purchase—it lends credibility to a broader shift in India’s luxury real estate domain. With tech moguls and startup founders gravitating to branded, exclusive addresses, and Gurugram emerging as the nucleus, characterized by soaring skywalk apartments and unmatched amenities, the real estate landscape is reinventing itself.
As Goyal adds another iconic property to his portfolio, the ripple effect will be felt by developers, investors, and aspirational homeowners alike. The Camellias stands not just as a building, but as a landmark of India’s evolving social hierarchy and the power of modern wealth.
