Lutyens’ Delhi continues to captivate the luxury real estate market with another high-profile sale—a bungalow in the prestigious Golf Links neighborhood has been sold for a staggering Rs 100 crore. This transaction highlights the ongoing demand for premium properties in one of Delhi’s most exclusive areas.
The Luxury Bungalow Sale
Yashwant Singh, a member of a royal family from Rajasthan, is the proud new owner of this luxury property. The bungalow, which is registered in Singh’s name, encompasses 588.97 square meters of land with an impressive built-up area of 867.33 square meters. This exquisite home features a 2.5-storey design, complete with a basement, ground and first floors, a terrace room, and servant quarters.
Details of the Transaction
| Buyer | Yashwant Singh |
|---|---|
| Seller | Anu Jindal |
| Sale Price | Rs 100 crore |
| Land Area | 588.97 sq m |
| Built-Up Area | 867.33 sq m |
The deal was officially registered on June 12, with Singh disbursing Rs 7 crore towards stamp duty and corporation tax. The seller, Anu Jindal of The Camellias in Gurugram, confirmed the sale as part of her relocation to a new residence.
High Demand in Lutyens’ Delhi
Lutyens’ Delhi, particularly Golf Links, is witnessing a surge in demand for luxury homes. This demand is largely driven by high-net-worth individuals and top business figures who are keen on acquiring ultra-luxury residences in the capital. Despite the high price tags, the supply of such premium properties remains limited.
“This transaction is a testament to the growing demand for exclusive properties in Lutyens’ Delhi,” said a real estate expert. “Many long-standing owners are opting to cash in their assets, potentially to avoid future complications and to create lasting legacies for their heirs.”
Notable Recent Transactions
Recent months have seen several notable high-value transactions in the area:
- Private equity executive Sanjay Kukreja and his wife Shaveta Sharma purchased a bungalow for Rs 155 crore.
- Vasudha Rohatgi, spouse of former Attorney General Mukul Rohatgi, acquired a property for Rs 160 crore.
- Senior advocate Arun Kathpalia bought a 763-square-yard bungalow for Rs 69 crore.
- Sanjay Kukreja also acquired a sprawling 1,250-square-yard bungalow for Rs 155 crore.
FAQs
Q1: What is the size of the recently sold Golf Links bungalow?
A1: The bungalow spans 588.97 square meters of land with a built-up area of 867.33 square meters.
Q2: How much stamp duty was paid for this transaction?
A2: Yashwant Singh paid Rs 7 crore in stamp duty and corporation tax for this transaction.
Q3: Who was the seller of the Golf Links bungalow?
A3: The seller was Anu Jindal, a resident of The Camellias in Gurugram.
Q4: Why is there high demand for properties in Lutyens’ Delhi?
A4: The demand is driven by high-net-worth individuals and business figures seeking luxury homes in an exclusive area, coupled with the limited supply of such properties.
Q5: What are some other recent high-value property transactions in the area?
A5: Other notable transactions include purchases by Sanjay Kukreja, Vasudha Rohatgi, and Arun Kathpalia, all involving significant sums.
In conclusion, the sale of the Golf Links bungalow for Rs 100 crore is a clear indication of the booming real estate market in Lutyens’ Delhi. The area remains a hotspot for luxury property investments, attracting affluent buyers despite the premium prices.