Luxury real estate is no longer just about sea-facing views or high-end amenities. Today, clean air has become the most expensive luxury, which developers are selling as a premium feature.

In cities like Delhi-NCR, where the air is becoming increasingly poisonous and where almost 67% of the country’s luxury housing demand comes from, this trend is increasing rapidly. Many developers are launching wellness homes and clean-air residences that feature urban forests, centralized fresh-air systems and advanced air filtration.

However, since residential projects do not have airtight and sealing systems like commercial buildings, their effectiveness remains limited. Therefore, giving extra crores just in the name of clean air cannot be a big differentiator. According to Nithin Kamath, co-founder of Zerodha, property prices should also be linked to air and water quality.

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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Luxury Home Sales 2025: The sales of the luxury housing segment in the top seven cities of India have seen a 28 percent increase on an annual basis during this year’s January-March period. This information was given in a report. The report of Real Estate Consultant CBRE South Asia stated that 1,930 units have been sold in the luxury segment worth more than 4 crores in the first quarter of 2025.

Delhi-NCR leads

In the top seven cities of the country, the maximum number of 950 luxury houses were sold in Delhi NCR. This was followed by Mumbai, whose total stake in the total sales was close to 23 percent. South Indian cities saw the highest bounce in the sale of luxury houses in Bangalore. A total of 190 luxury houses have been sold in the city during the January-March period of 2025. This figure was at 20 units in the same period of 2024. At the same time, Kolkata and Chennai stake in the total luxury segment of 5 percent. The report stated that the stake in the total sales of the high-end segment was 27 percent and the mid-end segment stake was 25 percent.

There will be an increase in demand for houses

In CBRE, India, South-Est Asia, Meadil East and CEO, Anshuman magazine said that luxury and high-end segment continues due to rising disposable income, improvement in lifestyle and desire for future-ready living space. We hope that residential demand will remain stable as the improvement in infrastructure and access to funding is supporting the demand of houses in major cities. Recent cuts in the repo rate can improve purchases.

The report said that India’s residential market may remain stable in 2025, which will benefit from increasing demand of homes, increase in income and improvement in infrastructure. The report further stated that the cut in repo by RBI will reduce the difference between EMI and Rental. This will see an increase in demand for houses. The report further stated that due to adequate land acquisition during the year 2023-24, the new project launch during the year is expected to be at a higher level.

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