Bajaj Scion’s Nephew Acquires Luxury Villa in Alibaug for Rs 38.15 Crore
Anurang Jain, the nephew of late Bajaj Auto scion Rahul Bajaj, has purchased a luxury villa in Alibaug, near Mumbai, for ₹38.15 crore, according to property registration records. This acquisition is part of the Alibaug Townhouses project and includes four car parking spaces.
Real EstateLuxury VillaAlibaugBajaj AutoHighnetworth IndividualsReal Estate NewsOct 04, 2025
For this purchase, Jain paid a stamp duty of ₹1.33 crore and a registration fee of ₹30,000. The stamp duty reflected a 3.5% rate, which benefited from a 50% concession on the first agreement under the Integrated Township Project.
The villa is part of the Alibaug Townhouses project, also known as Lodha Alibaug, an integrated township spread across 100 acres. Jain’s new residence spans over 5,600 sq ft and includes four car parking spaces, as per the documents.
This is not the first high-profile real estate purchase made by Jain. In 2024, he acquired a 1,350-sq-ft corner bungalow on New Delhi’s Kautilya Marg for ₹130 crore. That transaction involved a stamp duty payment of ₹8.32 crore, according to property records.
The real estate market in premium locations continues to attract significant investments from high-net-worth individuals. For instance, Mumbai-based Gentex Merchants Pvt Ltd, associated with steel magnate Lakshmi Mittal, has purchased a 3,540-square yard bungalow on APJ Abdul Kalam Road (formerly Aurangzeb Road) for Rs 310 crore, making it one of Delhi NCR’s costliest real estate deals in 2025, as reported by Moneycontrol.
Surya Kumar Kanodia is one of the directors of Gentex Merchants Pvt Ltd, the firm behind this high-profile acquisition. Lakshmi Mittal, the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company, has played a key role in global steel industry consolidation through acquisitions and expansions.
The transaction, registered in June 2025, also involved a stamp duty payment of Rs 21.70 crore. The bungalow, spanning 31,860 sq ft, translates to approximately Rs 8.75 lakh per square yard, highlighting the premium prices commanded in Lutyens’ Bungalow Zone.
Lutyens’ Delhi, named after British architect Edwin Lutyens, is the city’s most exclusive residential area, home to sprawling bungalows, government officials, industrialists, and high-net-worth individuals. The area is known for its historical significance and architectural beauty, making it a sought-after location for the elite.
Frequently Asked Questions
Who is Anurang Jain?
Anurang Jain is the promoter of Endurance Technologies and the nephew of the late Bajaj Auto scion Rahul Bajaj. He is known for his significant real estate acquisitions.
What is the Alibaug Townhouses project?
The Alibaug Townhouses project, also known as Lodha Alibaug, is an integrated township spread across 100 acres in Alibaug, near Mumbai. It includes luxury villas and amenities.
What is the cost of the villa Anurang Jain purchased?
Anurang Jain purchased the villa in Alibaug for ₹38.15 crore, with a stamp duty of ₹1.33 crore and a registration fee of ₹30,000.
Who is Lakshmi Mittal and what is his recent real estate acquisition?
Lakshmi Mittal is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. His firm, Gentex Merchants Pvt Ltd, recently purchased a bungalow on APJ Abdul Kalam Road for Rs 310 crore.
What is Lutyens’ Delhi?
Lutyens’ Delhi, named after British architect Edwin Lutyens, is the most exclusive residential area in Delhi, known for its historical significance and architectural beauty. It is home to high-net-worth individuals and government officials.
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