Jawaharlal Nehru’s First Official Residence Sold for Rs 1,100 Crore in Delhi’s Lutyens’ Bungalow Zone
The historic residence of former Prime Minister Jawaharlal Nehru on Motilal Nehru Marg in Delhi's Lutyens' Bungalow Zone has been sold for Rs 1,100 crore, marking one of the most expensive residential property deals in the country.
Real EstateLutyens Bungalow ZoneJawaharlal NehruMotilal Nehru MargLuxury PropertyReal Estate NewsSep 03, 2025
The property, spanning 14,973 square meters (about 3.7 acres), was initially listed for Rs 1,400 crore. A prominent businessman from the domestic beverage industry has finalized the deal, marking a significant acquisition in the elite real estate market.
A leading law firm has issued a public notice as part of the due diligence process. The notice states, “Our client is desirous of acquiring residential property situated at Plot No. 5, Block No. 14, 17, Motilal Nehru Marg (formerly York Road), 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 Kackar and Bina Rani. Any person claiming any right or title with respect to the said property may inform us in writing with documentary proof within 7 days, failing which it shall be presumed that no adverse title or right of any nature whatsoever exists in respect of the said property.”
Raj Kumari Kackar and Bina Rani are members of an erstwhile royal family from Rajasthan. The property, given its prime location and VIP status, has been a highly sought-after asset. However, its high price tag has limited the pool of potential buyers to a select few billionaires.
The total land area of the property is around 3.7 acres, with approximately 24,000 square feet of developed space. The Lutyens' Bungalow Zone, designed by British architect Edwin Lutyens between 1912 and 1930, spans 28 square kilometers and houses about 3,000 bungalows. These bungalows are primarily occupied by ministers, judges, and senior government officials, with roughly 600 properties privately owned by some of India's wealthiest individuals.
The sale of this historic property underscores the enduring appeal and value of real estate in the LBZ, a symbol of power and prestige in the heart of New Delhi. The due diligence process, which has been ongoing for a year, is believed to have reached its conclusion, paving the way for the finalization of the deal.
Frequently Asked Questions
What is the Lutyens' Bungalow Zone (LBZ)?
The Lutyens' Bungalow Zone (LBZ) is a 28-square-kilometer area in New Delhi, India, designed by British architect Edwin Lutyens between 1912 and 1930. It houses about 3,000 bungalows, primarily occupied by ministers, judges, and senior government officials, and is considered one of the most prestigious residential areas in the country.
Who are the current owners of the property?
The current owners of the property are Raj Kumari Kackar and Bina Rani, who belong to an erstwhile royal family from Rajasthan.
How much was the property sold for?
The property was sold for Rs 1,100 crore, marking one of the most expensive residential property deals in India.
What is the total area of the property?
The total land area of the property is around 3.7 acres, with approximately 24,000 square feet of developed space.
Why is the property so valuable?
The property is highly valuable due to its prime location in the Lutyens' Bungalow Zone, its VIP status, and its large area. It is one of the most sought-after assets in the elite real estate market, with only a few billionaires able to afford such a property.
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