Who Is Manav Sardana? The Entrepreneur Who Bought DLF The Dahlias Penthouse For ₹271 Crore In Gurugram

Manav Sardana, a businessman hailing from the Delhi-NCR region, has made headlines by purchasing a penthouse in DLF's luxurious The Dahlias project in Gurugram for ₹271 crore. This record-breaking deal positions it among the most expensive single-home purchases in India. The penthouse boasts a super area of approximately 17,200 square feet and a carpet area of around 10,500 square feet, translating to an estimated price tag of ₹1.58 lakh per square foot on the super-area and ₹2.6 lakh per square foot on the carpet area.

Sardana's family has a business legacy spanning over a century, with the Imperial Auto Industries, an automotive components manufacturer, founded in 1969. Imperial Auto, headquartered in Faridabad, manufactures fluid transmission products for automotive and off-highway sectors. The family's business interests also include Imperial Silicon Private Limited, Kreuz Hydraulics Private Limited, and Imperial Martor Engine Tubes Private Limited, among others.

Manav Sardana has been affiliated with Imperial Auto before the acquisition and maintains his connection to the family business through his involvement as a director in several related companies.

The launch of The Dahlias in October 2024 marked the beginning of a 17-acre ultra-luxury development in DLF Phase 5, Gurugram. The project houses around 420 apartments and penthouses, with individual units being offered at a price range of ₹100 crore to ₹170 crore. Penthouses, given their larger layouts and premium features, naturally fetch higher prices.

DLF anticipates the project to generate over ₹40,000 crore in revenue, already witnessing over 65% of its inventory sold. The surge in demand for luxury housing, particularly in Gurugram and Mumbai, has led to high-value property transactions following the pandemic.