India's Costliest Home Deal: Jawaharlal Nehru's First Delhi Residence in Lutyens' Zone to Sell
In a landmark transaction, the historic bungalow at Motilal Nehru Marg, once the first official residence of former Prime Minister Jawaharlal Nehru, is set to be sold for an estimated ₹1,100 crore. If finalized, this will be one of the highest-value residential property deals in India.
Real EstateLuxury PropertyLutyens ZoneJawaharlal NehruNew DelhiReal Estate NewsSep 03, 2025
The property, located in the prestigious Lutyens’ Bungalow Zone (LBZ), is being acquired by a prominent businessman from the domestic beverage industry, according to a report by The Economic Times.
The current owners of the bungalow, Raj Kumari Kackar and Bina Rani, are members of an erstwhile royal family from Rajasthan. Initially, they had sought ₹1,400 crore for the property. However, negotiations appear to have settled at around ₹1,100 crore, still placing it among the highest-value residential property deals ever seen in the country.
A leading law firm representing the buyer has issued a public notice, confirming the due diligence process is in its final stages, according to the Economic Times report. 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.” The statement also called upon any individual with claims to the property to come forward within seven days.
This Lutyens' Zone bungalow is not just valuable for its size and location in Delhi but also for its historical importance. Spread across 3.7 acres, the property includes 24,000 sq ft of built-up area. It served as Jawaharlal Nehru’s first official residence before he moved to the more well-known Teen Murti Bhavan.
The Lutyens’ Bungalow Zone, designed by British architect Sir Edwin Lutyens between 1912 and 1930, remains one of India’s most exclusive and secure residential enclaves. The 28 sq km zone is home to ministers, senior government officials, judges, and some of India’s wealthiest business families. Of the nearly 3,000 bungalows in this zone, about 600 are privately owned, making them rare and highly coveted assets.
“Given its prime location, VIP status and sheer scale, only a handful of billionaires can even consider purchasing such a property,” a person familiar with the deal told ET. “The due diligence has been ongoing for nearly a year and now appears close to completion.”
If finalised, this transaction will set a benchmark for luxury real estate deals in India, highlighting the growing appetite for ultra-premium properties in Delhi’s most sought-after neighbourhoods. Experts note that Lutyens’ Zone properties rarely come to market, and when they do, they are fiercely contested by a small circle of billionaires and industrialists.
This record-breaking sale underscores both the heritage value of New Delhi’s colonial-era architecture and the status symbol such properties represent in India’s elite circles. With due diligence nearly complete, the final transfer could take place within weeks, cementing the Motilal Nehru Marg bungalow’s position in history — not just as Nehru’s former residence, but as one of India’s costliest homes ever sold.
Frequently Asked Questions
Who are the current owners of the Motilal Nehru Marg bungalow?
The current owners of the bungalow are Raj Kumari Kackar and Bina Rani, members of an erstwhile royal family from Rajasthan.
What is the estimated price of the bungalow?
The bungalow is estimated to be sold for around ₹1,100 crore, making it one of the highest-value residential property deals in India.
What is the historical significance of the Motilal Nehru Marg bungalow?
The bungalow served as the first official residence of former Prime Minister Jawaharlal Nehru before he moved to Teen Murti Bhavan. It is also located in the prestigious Lutyens’ Bungalow Zone, designed by British architect Sir Edwin Lutyens.
Who is the buyer of the bungalow?
The bungalow is being acquired by a prominent businessman from the domestic beverage industry, though the specific identity has not been disclosed.
What does this sale mean for Delhi’s luxury property market?
If finalized, this transaction will set a benchmark for luxury real estate deals in India, highlighting the growing appetite for ultra-premium properties in Delhi’s most sought-after neighborhoods.
Related News Articles
Mumbai Commuters Protest Additional Helmet Storage Charges at Railway Parking Lots
Commuters using Western Railway’s parking lots in Mumbai have raised concerns over the imposition of extra charges for storing helmets. This additional fee, levied by parking contractors, has sparked discontent among riders, who view it as a deterrent to
Mumbai's Property Registrations Show 3% Year-on-Year Growth in November
Despite a 27% month-on-month dip, Mumbai's property registrations recorded a 3% increase year-on-year in November, with stamp duty collections rising by 28%, according to IGR data.
Mumbai Metro Rail Corporation Pauses Land Development Plans at Nariman Point
Mumbai Metro Rail Corporation (MMRCL) has decided to put on hold its plans to lease a significant 4.2-acre land parcel in Nariman Point for property development, following a request from the Reserve Bank of India (RBI).
Pune's Beloved Crossword Store Closes Down: A Heartfelt Farewell
The closure of India's largest Crossword store in Aundh, Pune, has left a void in the hearts of many bibliophiles. Real estate costs and changing reading habits have forced the store to shut down, leaving book lovers mourning the loss of a cherished landm
Trump World Centre: Pune's Luxurious Real Estate Gem
Pune is set to witness a transformation with the launch of the Trump World Centre, a 1.6 million sq ft luxury office project worth Rs 1,700 crore. The project, developed by the Trump Organisation's real estate partner in India, aims to redefine the city's
Suzlon and 3 Other Fundamentally Strong Stocks Under ₹100 to Add to Your Watchlist
Discover four fundamentally strong stocks under ₹100 to consider adding to your investment portfolio. These companies, including Suzlon, offer potential for growth and value.