New Delhi, Aug. 10 -- Entrepreneur Manav Sardana has bought a penthouse in DLF's ultra-luxury residential project The Dahlias in Gurugram for Rs.271 crore. Sardana was associated with Imperial Auto before the company was acquired by global private equity firm Warburg Pincus, Hindustan Times (HT) reported.

The deal is among the most expensive single-home property transactions reported in India and highlights the rapid growth of Gurugram's luxury housing market, which is increasingly competing with Mumbai's high-end residential market.

The penthouse has a super area of around 17,200 sq ft, while its carpet area is approximately 10,500 sq ft.

Based on the purchase price, the property costs about Rs.1.58 lakh per sq ft on the super area an...