“It was one of the most sought-after properties in Lutyens’ Delhi and one of the few that carries a price tag of over ₹1,000 crore,” said one of the people. “Deal formalities and the money transfer are to be completed on or before December 30, 2026.”
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Another nearby property, a bungalow on a 3.2-acre plot, is being sold for over ₹1,000 crore by Maharaja Manujendra Shah of Tehri Garhwal.
The buyer of the Tehri Garhwal property had also entered into an agreement to purchase the first official residence of former PM Jawaharlal Nehru on Motilal Nehru Road in the Lutyens’ Bungalow Zone (LBZ) for more than ₹1,100 crore.
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Located in the heart of India’s power corridor, the LBZ spans 28 sq km and houses around 3,000 bungalows, primarily occupied by ministers, judges and senior government officials. About 600 properties in the area are privately owned by some of India’s wealthiest individuals. Designed by Edwin Lutyen, the LBZ remains one of the most exclusive and expensive real estate zones in the country.