Jawaharlal Nehru's Former Residence in Lutyens' Delhi Set for Rs 1,100 Crore Sale
A historic property once the official residence of India's first Prime Minister, Jawaharlal Nehru, is set to be sold for Rs 1,100 crore, making it one of the most expensive residential real estate transactions in India's luxury housing market.
Real EstateLuxury HousingLutyens Bungalow ZoneJawaharlal NehruDelhi PropertyReal Estate NewsSep 03, 2025
The 3.7-acre property, spread over nearly 24,000 sq ft of developed area, is being acquired by a businessman with a significant presence in the Indian beverage industry. The sale comes after a year-long process of due diligence, with a leading law firm issuing a public notice to verify claims on the land. The property is currently owned by Raj Kumari Kackar and Bina Rani, members of a former royal family from Rajasthan, who had originally listed the asset for Rs 1,400 crore.
Located in the exclusive LBZ, the bungalow at 17 York Road, renamed Motilal Nehru Marg, is part of Delhi’s most prestigious 28 sq km real estate zone, designed by British architect Edwin Lutyens in the early 20th century. The LBZ is home to about 3,000 bungalows, largely occupied by ministers, senior judges, and top government officials. Of these, nearly 600 are privately owned, making them some of the most coveted and tightly held residential assets in the country.
Real estate experts say the scale, location, and legacy of the property make it one of the rarest deals in Indian history. “Given its prime location, VIP status, and sheer size, only a handful of billionaires could afford such an asset,” a person familiar with the matter told Economic Times.
The transaction, if completed at the expected valuation of Rs 1,100 crore, will eclipse previous records in India’s luxury housing market, underscoring the soaring demand for ultra-prime real estate among India’s wealthiest families and entrepreneurs. This deal also highlights the enduring prestige of the Lutyens’ Bungalow Zone, where historic architecture, political significance, and exclusivity combine to create some of the most expensive real estate not just in India, but globally.
Frequently Asked Questions
What is the expected sale price of the property?
The property is expected to be sold for approximately Rs 1,100 crore.
Who is the current owner of the property?
The property is currently owned by Raj Kumari Kackar and Bina Rani, members of a former royal family from Rajasthan.
What is the size of the property?
The property spans 3.7 acres and is developed over nearly 24,000 sq ft of area.
What is the significance of the Lutyens' Bungalow Zone?
The Lutyens' Bungalow Zone is a prestigious 28 sq km real estate zone in Delhi, designed by British architect Edwin Lutyens, and home to about 3,000 bungalows occupied by ministers, senior judges, and top government officials.
Why is this property considered one of the rarest deals in Indian real estate?
The property is considered one of the rarest deals due to its prime location, VIP status, and sheer size, making it affordable only to a handful of billionaires.
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