Jawaharlal Nehru’s Official Residence in Lutyens’ Delhi Set for Rs 1,100 Crore Sale
The historic property in Lutyens’ Bungalow Zone, once the official residence of India’s first Prime Minister, is set to be sold for Rs 1,100 crore, marking a record in India’s luxury housing market.
Real EstateLutyens Bungalow ZoneJawaharlal NehruDelhiLuxury HousingReal EstateSep 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 major 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 valuation of the property being sold?
The property is being sold for approximately Rs 1,100 crore.
Who are the current owners of the property?
The current owners are Raj Kumari Kackar and Bina Rani, members of a former royal family from Rajasthan.
Where is the property located?
The property is located at 17 York Road, renamed Motilal Nehru Marg, in the Lutyens’ Bungalow Zone (LBZ) of Delhi.
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. It is home to about 3,000 bungalows, largely occupied by ministers, senior judges, and top government officials.
Why is this property considered one of the rarest deals in Indian history?
The property is considered one of the rarest deals in Indian history due to its prime location, VIP status, and sheer size, which make it affordable only to a handful of billionaires.
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