India, Aug. 10 -- Entrepreneur Manav Sardana, who was associated with Imperial Auto before it was acquired by global private equity firm Warburg Pincus, has bought a penthouse at DLF's The Dahlias in Gurugram for Rs.271 crore, sources said.

The transaction ranks among the most expensive single-unit residential deals reported in India, putting Gurugram's luxury housing market firmly in the league of Mumbai real estate market's luxury apartments.

The penthouse has a super area of 17,200 sq ft and a carpet area of 10,500 sq ft, translating to approximately Rs.1.58 lakh per sq ft on super area and nearly Rs.2.6 lakh per sq ft on carpet area.

Two people aware of the transaction said it is the costliest single-unit residential transaction in...