The largest and most expensive real estate deal of this year has been recorded in Delhi NCR recently. A Mumbai company associated with the country’s well-known industrialist Laxmi Mittal bought a bungalow on APJ Abdul Kalam Road in Lutyens Delhi for Rs 310 crore. This bungalow was built in 1930 and is counted among the most luxurious and historical properties of Delhi. This deal is not only because of the price, but also because of the history of this area and bungalow. Both the architecture and location of this bungalow make it very special. In such a situation, let us know who is the buyer of the luxurious bungalow of 95 years old Lutyens sold for 310 crores.

Who is the buyer of the luxurious bungalow of Lutyens?

The 95 -year -old Lutyens bungalow sold for 310 crores has been bought by a company named Gentex Merchants Private Limited in Mumbai. This company is directly associated with Lakshmi Mittal, also known as Steel King. According to reports, the director of the company is Surya Kumar Kanodia. However, no official statement has come from the company or Mittal on this deal yet. This area of ​​Lutyens Delhi is counted among the most posh, safe and prime areas of the country, where well-known industrialists, politicians, and people sitting in high positions live. Any kind of construction or repair in this area is associated with extremely difficult and strict rules.

What is the history of this bungalow?

This bungalow was built in 1930 and it was once from the royal family of Alwar princely state of Rajasthan. The old owner of the bungalow was Kumar Yashwant Singh, who is the son of the Maharaja of Alwar. People often know Yashwant Singh by the name of Maharaj Kumar Yashwant Singh. Yashwant Singh bought another bungalow of 100 crores in the Golf Links area of ​​Delhi earlier this year. At the same time, this bungalow is located on APJ Abdul Kalam Road, Lutyens Delhi. Its size is 3,540 square yard.

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Nehru bungalow: The historic bungalow built in the Lutyens zone of Delhi, where once the first Prime Minister of India, Jawaharlal Nehru lived, has now been sold. The deal of this bungalow has been fixed for about Rs 1100 crore. This bungalow is on 17 York Road (now Motilal Nehru Marg) and is considered in the most special address in Delhi.

According to the FPJ report, the initial price of this bungalow was kept at Rs 1400 crore, but after the conversation it was reduced to Rs 1100 crore. This bungalow was currently with Princess Kakkar and Bina Rani, who is considered associated with the royal family of Rajasthan.

Bungalow is spread over 3.7 acres

This bungalow is built on the land of about 14,973 square meters (about 3.7 acres) and its constructed area is about 24,000 square feet. According to reports, the name of the buyer of this bungalow has not been revealed yet. However, it is being said that the buyer is a big industrialist in the country, whose work is related to the beverage area.

The deal is currently in the final stages. A large law firm is investigating all the legal papers of this property. The lawyers have also issued a public notice under the legal process. It says that if someone has any claim on this bungalow, then he came forward within seven days. After this, no claim will be valid.

Lutyens zone is very special

This bungalow of Nehru is very special due to its historical identity and being in Lutyens Bungalow Zone (LBZ). The area is spread over 28 square kilometers and was designed by British architect Edwin Lutyens in the early 20th century. There are about 3,000 bungalows here, most of which are given to ministers and judges as government houses. At the same time, about 600 bungalows are with private owners, who have been bought by the richest families in the country.