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Gentex Merchants purchases Lutyens bungalow for ₹310 crore, ETRealty

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1 week ago


<p>Representative Image</p>
Representative Image

Gentex Merchants Pvt Ltd, a company linked with Lakshmi Mittal, has bought a 3,540 square yard bungalow on APJ Abdul Kalam Road in the Lutyens’ Bungalow Zone of Delhi for Rs 310 crore.

The bungalow was earlier owned by Yashwant Singh, a member of the royal family of Alwar, Rajasthan. Singh recently bought an 867 square metre bungalow in Golf Links for Rs 100 crore.

As per the sale deed accessed by ET, Gentex Merchants paid Rs 21.7 crore stamp duty for the transaction, which was registered in June.

The firm did not respond to ET’s email query until press time Wednesday.

Located in the heart of India’s power corridor, the Lutyens’ Bungalow Zone (LBZ) spans 28 sq km and houses around 3,000 bungalows, primarily occupied by ministers, judges and senior government officials.

Roughly 600 properties in the area are privately owned by some of India’s wealthiest individuals. Designed by British architect Edwin Lutyens between 1912 and 1930, the LBZ remains one of the most exclusive and expensive real estate zones in the country.

The transaction adds to a string of high-value deals in the LBZ, underscoring continued demand for trophy assets in India’s most prestigious neighbourhood.

Past transactions :

1. Property in : Golf Links

Bought by : Sanjay Kukreja of private equity firm ChrysCapital

Total area of construction: 1,045 sq metre

Sold at: Rs 155 crore

Per sq metre price : Rs 14.83 lakh

2. Property in : Prithviraj Road

Bought by : Sidhant Real Estate, promoted by DLF chairman Rajiv Singh and his family members

Total area: 1,839 sq metre

Sold at: Rs 150 crore

Per sq metre price : Rs 8.1 lakh

3. Property in : Hailey Road

Bought by : Rangoli Resorts Pvt Ltd, where Sheela Foam executive chairman Rahul Gautam and his family members are directors

Total area: 1,486 sq metre

Sold at: Rs 165 crore

Per sq metre price : Rs 11.10 lakh

4. Property in : Kautilya Marg

Bought by : Anurang Jain, managing director of Endurance Technologies Ltd

Total area: 1,132 sq metre

Sold at: Rs 130 crore

Per sq metre price : Rs 11.48 lakh

5. Property in : DLF’s The Camellias in Gurgaon

Bought by : Info-X Software Technology Pvt Ltd, through its director Rishi Parti

Total area: 1,513 sq metre

Sold at: Rs 190 crore

Per sq metre price : Rs 12.55 lakh

  • Published On Sep 25, 2025 at 09:28 AM IST

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