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Known for being a super-luxury residential development, DLF Camellias offers expansive living spaces with world-class amenities like a private golf course and a clubhouse.
Sukhpal Singh Ahluwalia is currently the founder and Non-Executive Chairman of Dominus Group. (Photo Credit: YouTube)
DLF Camellias is one of the most expensive residential properties in India, having set a record with a recent penthouse sale for Rs 190 crore, making it India’s costliest high-rise property deal and the most expensive apartment in the National Capital Region (NCR). Known for being a super-luxury residential development, it offers expansive living spaces with world-class amenities like a private golf course and a clubhouse.
Notably, it is home to several renowned personalities such as Shark India judges Ashneer Grover, Peeyush Bansal, Deep Kalra and Aman Gupta, as well as Zomato owner Deepinder Goyal. Now, a British businessman has purchased an 11,000 sq ft apartment at the Camellias for a whopping Rs 100 crore.
Sukhpal Singh Ahluwalia Buys Rs 100 Crore Apartment:
British businessman Sukhpal Singh Ahluwalia acquired an 11,416 sq ft apartment in DLF’s ultra-luxury building, The Camellias, Gurugram, for Rs 100 crore, according to The Economic Times, citing sources familiar with the matter. The transaction highlights the growing demand of global Indians and ultra-high-net-worth individuals for luxurious apartments over standalone mansions.
As per the sources, it is a bare-shell first-floor corner simplex apartment and despite being a low-floor property, it has fetched a price of Rs 100 Crore, a premium which is usually set for high-floor homes. This is the third Rs 100-crore purchase at the prestigious complex, which has been established as one of India’s most elite residential addresses.
“I was considering buying a farmhouse initially, but after visiting India several times, I decided on a guarded condominium instead. We have a house on Kautilya Marg, but we choose to reside in Gurugram,” Ahluwalia told the Economic Times.
Who Is Sukhpal Singh Ahluwalia?
As per his LinkedIn profile, Ahluwalia was born in Uganda in 1958 and moved to the United Kingdom as a refugee at the age of 13. A few years later, at the age of 18, he invested EURO 5,000 to buy a small car parts shop in London. Over time, he grew this small business into Euro Car Parts, which became one of the leading automotive parts wholesalers in the UK. In 2011, he sold the company to the US-based LKQ Corporation for more than EURO 225 million (about Rs 2,600 crore now).
After leaving Euro Car Parts, Ahluwalia moved his concentration to investing and property development. He currently serves as the founder and non-executive chairman of Dominus Group, a family-owned real estate, hospitality and asset management firm.
Adding to this, Ahluwalia is also the founder and majority shareholder of VAR Capital, an independent wealth management firm situated in London. In 2018, VAR Capital won Euromoney’s Best Family Office award. He has also acquired GSF Car Parts, the UK’s leading and fastest-growing car parts distributor, where he serves as the Executive Chairman.
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