Iconic Lutyens Delhi Bungalow, Once Nehru's Residence, Sold for ₹1,100 Crore
A historic bungalow in Lutyens Delhi, once the residence of India's first Prime Minister Jawaharlal Nehru, has been sold for ₹1,100 crore, setting a new record in the luxury real estate market.
Lutyens DelhiReal EstateLuxury PropertyNehru ResidenceRecordbreaking SaleReal Estate NewsSep 03, 2025
Spread over 14,973 square metres (approximately 3.7 acres), the bungalow has now been sold for a staggering ₹1,100 crore, The Economic Times reported. The seller had initially sought ₹1,400 crore, but the deal was closed at a lower price by a prominent industrialist from India's beverage sector.
Who owns the bungalow?
The current owners of the property are Rajkumari Kakkar and Bina Rani, both members of a royal family from Rajasthan. A well-known law firm has issued a public notice regarding the transaction, stating:
"Our clients are interested in purchasing this property (Plot No. 5, Block No. 14, 17 Motilal Nehru Marg). The current owners are Rajkumari Kakkar and Bina Rani. If anyone else has a claim or right over this property, they must inform us with valid documentation within seven days, or it will be presumed that no such claim exists."
A year in the making
Negotiations for the sale had been ongoing for over a year. A real estate expert familiar with the deal commented,
"This is an incredibly valuable piece of land due to its size, location, and VVIP status. But given the price tag, only a handful of billionaires in the country could realistically consider purchasing it."
About the Lutyens Bungalow Zone
The LBZ, designed by British architect Edwin Lutyens between 1912 and 1930, spans approximately 28 square kilometres. It includes about 3,000 bungalows, most of which house top government officials, ministers, and judges. However, there are also around 600 privately-owned properties, held by some of India's wealthiest families and business tycoons.
With the completion of this landmark deal, 17 Motilal Nehru Marg is now officially India's most expensive residential property sale, setting a new benchmark in the luxury real estate market.
Frequently Asked Questions
What is the Lutyens Bungalow Zone (LBZ)?
The Lutyens Bungalow Zone (LBZ) is a historic area in New Delhi, India, designed by British architect Edwin Lutyens between 1912 and 1930. It spans approximately 28 square kilometres and includes about 3,000 bungalows, many of which house top government officials, ministers, and judges.
Who were the previous owners of the bungalow at 17 Motilal Nehru Marg?
The previous owners of the bungalow at 17 Motilal Nehru Marg were Rajkumari Kakkar and Bina Rani, both members of a royal family from Rajasthan.
What was the initial asking price for the bungalow?
The initial asking price for the bungalow was ₹1,400 crore, but the deal was closed at a lower price of ₹1,100 crore.
Who purchased the bungalow?
The bungalow was purchased by a prominent industrialist from India's beverage sector.
What makes the Lutyens Bungalow Zone so valuable?
The Lutyens Bungalow Zone is valuable due to its historical significance, prime location, and the status associated with the properties. It houses many of India's top government officials and is a symbol of power and prestige.
Related News Articles
Unlocking Affordable Housing: WSB Real Estate Raises Rs 700cr for Mid-Income Investments
WSB Real Estate Partners has raised over Rs 700 crore to invest in mid-income and affordable housing projects in tier I and select tier II Indian cities.
Retail Sector Sees Unprecedented Growth in First Half of 2024
India's retail sector witnesses strongest H1 leasing in 5 years, with 3.1 mn sq. ft. of retail space leased across 8 cities.
Veteran Real Estate Leader Nick Bailey Joins T3 Sixty as Chief Real Estate Officer
Bailey to drive business development and strategic growth at T3 Sixty, a management consulting and analytics firm serving the residential real estate industry
Birla Estates' Trimaya Phase 2 Reaches INR 600 Crore in Bookings
Birla Estates, a premier real estate subsidiary of Aditya Birla Real Estate Limited, has achieved remarkable success with the launch of Phase II of Birla Trimaya, The Park, reaching a booking value of approximately INR 600 Crore within 24 hours. This succ
Tata Investment Corp Secures Office Space in Mumbai's Wadala for Rs 150 Crore
Mumbai's commercial real estate market continues to attract major players as Tata Investment Corp acquires a new office space in Wadala for a hefty sum of Rs 150 crore. This strategic move highlights the growing interest in Mumbai's real estate, particula
Why Premium Malls Are Thriving in the Retail Sector
Discover the key factors driving the growth of premium malls in the retail sector, including their upscale amenities and strategic locations.