New Delhi: Manav Sardana has now come up as a new name who has recently purchased a penthouse valued at ₹271 crore at the ultra-luxury project ‘The Dahlias’ at Gurugram by DLF. The properties are being touted as being the costliest in the country for a single unit residential deal.
But who is Manav Sardana and how he is able to purchase so much property of his? Sardana is an entrepreneur and businessman, and he is attached to the Imperial Auto group which has a manufacturing unit for Automobile components. His public corporate records include those that list his high-level roles and disclosure as a director in several other businesses affiliated with manufacturing, auto parts, and real estate and trading.
He is also linked to Imperial Auto, so that is also important when it comes to getting to know him the better. Sardana was also a 100% director of Imperial Auto Industries and has served as role in various other companies like Imperial Silicon and Imperial Auto Nylon Tubing. The Imperial Auto has been in operation for decades and has been in the field of automotive components. It is part of the industry that supplies the auto sector with vehicle parts. From corporate records the date of incorporation for Imperial Auto Industries is 1975.
Sardana was also alleged to have played an important role in a major business acquisition at Warburg Pincus, an international private equity firm. His fortune is thus related to his extensive experience in business and investment, not just to his salary. The purchase of the property is itself remarkable as it is worth ₹271 crore. The penthouse in DLF The Dahlias is a super area of approximately 17200 sqft and carpet area of 10500 sqft. The carpet area comes out to be approximately ₹2.6 lakh per sq ft.
So, how does Sardana earn so much money?
No public records show for certain his annual income, his personal net worth or how he financed this particular purchase. The combined impact of having worked for many years in the automotive manufacturing industry, multiple businesses and investments, however, offers a better understanding of how he has earned significant wealth over the years. The ₹271 crore deal also reveals that India’s luxury property segment is becoming an allure for extremely wealthy business families and entrepreneurs. The buying is nothing of small size for Sardana and is one of the largest residential reputed deals in the nation.
