In the months leading up to the festive season last year, the real estate market in the National Capital Region (NCR) of Delhi lit up unexpectedly, emerging from a prolonged period of dour sentiments. With an eye-popping deal setting a benchmark in the region, the market, despite its history of fraudulent realtors deceiving homebuyers for nearly a decade, captured the attention of industry stakeholders and homebuyers alike. The Camellias, an opulent ultra-luxury apartment complex on Gurugram’s Golf Course Road, witnessed the sale of an 11,000-sq.-ft four-BHK apartment for Rs 114 crore in October 2023, marking a significant milestone.
