Who is Manav Sardana, entrepreneur who bought ₹271 crore penthouse at DLF’s The Dahlias?
Entrepreneur Manav Sardana has made headlines after purchasing a penthouse at DLF’s ultra-luxury residential project The Dahlias in Gurgaon for ₹271 crore. The deal is reportedly among the most expensive single-unit residential transactions in India, putting Gurgaon’s luxury housing market in the spotlight.The deal is reportedly among the most expensive single-unit residential transactions in India. (dlfproperties.org.in)The penthouse has a super area of 17,200 sq ft and a carpet area of 10,500 sq ft. The transaction works out to approximately ₹1.58 lakh per sq ft on the super area and nearly ₹2.6 lakh per sq ft on the carpet area.Two people aware of the transaction said the purchase is the costliest single-unit residential transaction in the country.Who is Manav Sardana?Manav Sardana is an entrepreneur who was associated with Imperial Auto before it was acquired global private equity firm Warburg Pincus. He is the son of S.B. Sardana, who co-founded Imperial Auto Industries with Jagjit Singh in 1969. Headquartered in Faridabad, Haryana, Imperial Auto Industries is a major manufacturer of fluid transmission products for the automotive and off-highway sectors.Sardana has been closely associated with the family-run business and is a director in more than a dozen companies linked to the Imperial Auto group. According to a report OfficeChai, these include Imperial Silicon Private Limited, Kreuz Hydraulics Private Limited and Imperial Martor Engine Tubes Private Limited, among others.(Also Read:
