Beverage Tycoon Eyes Nehru's First Delhi Home in Mega Real Estate Deal
An Indian beverage tycoon is set to purchase a 14,973 sq. m residential estate in Lutyens’ zone, once Jawaharlal Nehru's first home in Delhi, for ₹1,100 crore, potentially becoming India’s most expensive real estate transaction.
Real EstateLuxury PropertyNehruLutyens ZoneDelhiReal Estate NewsSep 04, 2025
The estate, previously rented and now vacant, comprises three floors across 3.7 acres with about 24,000 sq. ft of built-up space. Located opposite the Taj Mansingh hotel, it lies in one of Delhi’s most exclusive neighborhoods designed by Edwin Lutyens between 1912 and 1930.
A Delhi-based law firm is currently scrutinizing the title of the property, which is owned by sisters Raj Kumari Kacker and Bina Rani. A leading law firm (Luthra & Luthra Law Offices) has issued a public notice as part of the final due diligence. The notice reads, “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 and for the same, we are investigating the title of the current owners of the said property, Raj Kumari Kacker and Bina Rani.”
Anyone with claims to the property must respond within seven days, according to the notice. Due diligence is underway, and it may be a few months before the deal is closed, a person familiar with the deal told HT.com, asking not to be named.
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, where the property is located, is a highly sought-after area, known for its historical significance and exclusive nature. This deal, if finalized, will set a new benchmark in the Indian real estate market, highlighting the increasing interest in high-value properties among affluent buyers.
Frequently Asked Questions
What is the estimated value of the property being purchased by the beverage tycoon?
The property is estimated to be purchased for ₹1,100 crore, making it potentially the most expensive real estate transaction in India.
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 residential estate?
The residential estate is 14,973 sq. m, comprising three floors across 3.7 acres with about 24,000 sq. ft of built-up space.
Where is the property located?
The property is located in the Lutyens’ Bungalow Zone, one of the most exclusive neighborhoods in Delhi, designed by Edwin Lutyens between 1912 and 1930.
What is the current status of the deal?
Due diligence is currently underway, and it may be a few months before the deal is finalized. A public notice has been issued by a leading law firm to investigate the title of the property.
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