CMD of KEI Industries buys Rs 140 cr Shanti Niketan property

19 Nov 2021 CW Team

Gupta has paid Rs 8.4 crore as stamp duty for the agreement that got listed on October 8. According to the circle rate, the value of the property was Rs 103 crore but has been sold at a higher rate implying a demand for high-value property in the area.

Sandeep Reddy, the co-founder at Zapkey, told the media that over the past year, the wealth of HNIs has reached a record high and some of this is spilling over into real estate leading to a surge in the purchase of super-luxury properties. They have witnessed many high-value deals in Mumbai, Delhi and Bengaluru and at holiday destinations too.

The estate has been sold by Sumant Dhamija and Dinesh Dhamija, son of Dinesh Dhamija, a British India business entrepreneur and politician. Recently, Rajan Bharti Mittal, Vice Chairman and Managing Director of Bharti Enterprises, has acquired a 1,200-square yard property at Delhi’s Shanti Niketan for about Rs 85 crore. There has been a series of high-value deals in Lutyens’ Delhi and South Delhi since the lockdown was lifted in May 2020, with entrepreneurs and ultra-high-net-worth individuals (HNIs) eyeing bigger homes in Delhi’s ritzy colonies.

Shanti Niketan is preferred by HNIs since it is near Lutyens Delhi and property here can be reconstructed as it comes under South Delhi. Buyers can build up to four floors, which is not permitted in Lutyens Delhi. Experts consider the scarcity of such properties available for outright sale near the Lutyens zone, coupled with surging demand for such bungalows, will guarantee that costs remain high despite market fluctuations in other parts of Delhi.

In FY21, demand for ultra-luxury properties Vasant Kunj, Vasant Vihar, Golf Links, Sunder Nagar and Shanti Niketan was high, with 1,991 deals registered in the year compared to 1,780 deals in FY20.

Image Source

Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Chairman and managing director of KEI Industries, Anil Gupta, cable and wire manufacturer, has acquired a 2,000 square yard property at Delhi’s Shanti Niketan for Rs 140 crore, as per the documents obtained by Zapkey.com. Gupta has paid Rs 8.4 crore as stamp duty for the agreement that got listed on October 8. According to the circle rate, the value of the property was Rs 103 crore but has been sold at a higher rate implying a demand for high-value property in the area. Sandeep Reddy, the co-founder at Zapkey, told the media that over the past year, the wealth of HNIs has reached a record high and some of this is spilling over into real estate leading to a surge in the purchase of super-luxury properties. They have witnessed many high-value deals in Mumbai, Delhi and Bengaluru and at holiday destinations too. The estate has been sold by Sumant Dhamija and Dinesh Dhamija, son of Dinesh Dhamija, a British India business entrepreneur and politician. Recently, Rajan Bharti Mittal, Vice Chairman and Managing Director of Bharti Enterprises, has acquired a 1,200-square yard property at Delhi’s Shanti Niketan for about Rs 85 crore. There has been a series of high-value deals in Lutyens’ Delhi and South Delhi since the lockdown was lifted in May 2020, with entrepreneurs and ultra-high-net-worth individuals (HNIs) eyeing bigger homes in Delhi’s ritzy colonies. Shanti Niketan is preferred by HNIs since it is near Lutyens Delhi and property here can be reconstructed as it comes under South Delhi. Buyers can build up to four floors, which is not permitted in Lutyens Delhi. Experts consider the scarcity of such properties available for outright sale near the Lutyens zone, coupled with surging demand for such bungalows, will guarantee that costs remain high despite market fluctuations in other parts of Delhi. In FY21, demand for ultra-luxury properties Vasant Kunj, Vasant Vihar, Golf Links, Sunder Nagar and Shanti Niketan was high, with 1,991 deals registered in the year compared to 1,780 deals in FY20. Image Source Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

Real Estate

02 Jun 2026

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Real Estate

02 Jun 2026

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

Infrastructure Urban

02 Jun 2026

AGNI Launches Industry Benchmarking Drive

The Association of Global NICMARians (AGNI), the alumni body of NICMAR, hosted ASPIRE 2026 in Mumbai under the theme ‘Innovation to Transformation’. The symposium brought together professionals from construction, infrastructure, real estate and project management to discuss technology, AI, sustainability and data-led decision-making.At the event, AGNI announced its vision to emerge as an industry think tank and launched initiatives including an Industry Benchmarking Programme. It also proposed a digital ecosystem with tools for innovation impact assessment, salary benchmarking, company ben..