Beverage Tycoon Eyes Nehru’s Delhi Home in Mega Real Estate Deal
An Indian beverage tycoon is on the verge of acquiring a 14,973 sq. m residential estate in Lutyens’ Delhi, once the first home of Jawaharlal Nehru, for ₹1,100 crore. This could become India’s most expensive residential property transaction.
Real EstateProperty TransactionLutyens DelhiLuxury Real EstateResidential EstateReal Estate MumbaiSep 04, 2025
A Delhi-based law firm is currently scrutinising the title of the property, which is owned by sisters Raj Kumari Kacker and Bina Rani. Luthra & Luthra Law Offices has issued a public notice as part of the final due diligence. The notice states, “Our client is desirous of acquiring residential property situated at plot no 5, Block no 14, 17 Motilal Nehru Marg, New Delhi, admeasuring 14,973.383 sq m. We are investigating the title of the current owners, Raj Kumari Kacker and Bina Rani.”
Anyone with claims to the property must respond within seven days, according to the notice. The property is located in Lutyens’ Bungalow Zone, one of the most exclusive neighborhoods in Delhi, designed by Edwin Lutyens between 1912 and 1930. The estate, previously rented and now vacant, comprises three floors across 3.7 acres with about 24,000 sq. ft of built-up space.
If completed at ₹1,100 crore, this will be India’s largest residential property transaction, surpassing recent records in Mumbai. A few months ago, Mumbai’s luxury real estate market made headlines when Leena Gandhi Tewari, chairperson of pharmaceutical major USV, purchased two sea-facing duplex apartments in Worli for ₹639 crore. Including stamp duty, the total deal value reached ₹703 crore, making it the most expensive apartment transaction in India, at nearly ₹3 lakh per sq. ft.
The Lutyens’ Bungalow Zone is a historic and prestigious area in New Delhi, known for its grand bungalows and gardens. This zone was designed by British architect Edwin Lutyens and is a symbol of colonial architecture and legacy. The acquisition of this property by a beverage tycoon underscores the growing interest in high-value real estate in India’s capital city.
The deal is currently under due diligence, and it may take a few months before it is finalized. However, if successful, it will set a new benchmark for residential property transactions in India, reflecting the robust demand for luxury real estate in prime locations.
Frequently Asked Questions
What is the value of the proposed real estate deal in Lutyens’ Delhi?
The proposed real estate deal for the property in Lutyens’ Delhi is valued at ₹1,100 crore.
Who are the current owners of the property?
The current owners of the property are sisters Raj Kumari Kacker and Bina Rani.
What is the size of the property being sold?
The property being sold is 14,973 sq. m, which is approximately 3.7 acres.
What is the significance of Lutyens’ Bungalow Zone?
Lutyens’ Bungalow Zone is a historic and prestigious area in New Delhi, known for its grand bungalows and gardens, designed by British architect Edwin Lutyens.
What is the current record for the most expensive residential property transaction in India?
The current record for the most expensive residential property transaction in India is held by Leena Gandhi Tewari, who purchased two sea-facing duplex apartments in Worli, Mumbai, for ₹703 crore.
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