Hyderabad Business Duo Acquires Prestigious Delhi Bungalow for Rs 140 Crore
Sasidhar Chinta and Lakshmi Priyadarshini Chinta of the Hyderabad-based Vishwa Samudra Group have purchased an 883-square metre bungalow in Delhi's Jor Bagh area for Rs 140 crore, demonstrating the continued demand for luxury properties in the Lutyens' Bungalow Zone.
Real EstateLutyens Bungalow ZoneHighvalue DealsLuxury PropertiesDelhiReal EstateSep 13, 2025
Vishwa Samudra Group is a renowned multinational business conglomerate with diverse interests in engineering and infrastructure. Despite the substantial investment, the group did not respond to queries from the Economic Times.
The property in question was jointly owned, necessitating signatures from 10 representatives on the seller's side. This acquisition is part of a series of high-value deals in the Lutyens' Bungalow Zone (LBZ), highlighting the enduring appeal of trophy assets in one of India's most elite neighborhoods.
The LBZ and south Delhi have witnessed multiple transactions worth Rs 100 crore and above in recent times. Pradeep Prajapati, founder of boutique real estate consultancy firm Wealthvisory Capital, noted, 'Lutyens Delhi is always in demand from businesspersons from outside Delhi as well. People want the address and are ready to pay the market price for it.'
Situated in the heart of India's power corridor, the LBZ spans 28 square kilometers and is home to approximately 3,000 bungalows. These properties are primarily occupied by ministers, judges, and senior government officials. About 600 of these properties are privately owned by some of India's wealthiest individuals, further cementing the area's status as a symbol of prestige and influence.
The acquisition by the Chintas underscores the ongoing trend of high-net-worth individuals from across the country investing in prime real estate in Delhi. This trend is driven by the desire for a prestigious address and the long-term value and security that such properties offer.
Frequently Asked Questions
What is the Lutyens' Bungalow Zone (LBZ)?
The Lutyens' Bungalow Zone (LBZ) is a prestigious area in New Delhi, India, spanning 28 square kilometers. It is home to approximately 3,000 bungalows, primarily occupied by ministers, judges, and senior government officials. About 600 of these properties are privately owned by some of India's wealthiest individuals.
Who are Sasidhar Chinta and Lakshmi Priyadarshini Chinta?
Sasidhar Chinta and Lakshmi Priyadarshini Chinta are prominent figures from the Hyderabad-based Vishwa Samudra Group, a multinational business conglomerate with interests in engineering and infrastructure. They recently purchased a bungalow in Delhi's Jor Bagh area for Rs 140 crore.
What is the significance of the Jor Bagh area in Delhi?
Jor Bagh is a highly sought-after residential area in south Delhi, known for its greenery and proximity to key government and commercial centers. It is part of the Lutyens' Bungalow Zone, which is one of the most prestigious neighborhoods in India.
How much stamp duty was paid for the bungalow in Jor Bagh?
The stamp duty paid for the bungalow in Jor Bagh, which was acquired for Rs 140 crore, was Rs 8.96 crore.
Why are high-net-worth individuals investing in properties in the Lutyens' Bungalow Zone?
High-net-worth individuals are investing in properties in the Lutyens' Bungalow Zone due to the area's prestigious status, proximity to key government and commercial centers, and the long-term value and security that such properties offer. The desire for a prestigious address is a significant factor driving these investments.
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