KLJ Plasticizers purchases Rs 111 cr bungalow in Delhi

11 Feb 2022 CW Team

KLJ Plasticizers, a Market Leader in Plasticizers & Polymer compounds, has purchased a 2,000 sq yard bungalow in Vasant Vihar worth Rs 111 crore.

Birdie and Birdie realtors sold the bungalow, and the buyer paid Rs 6.66 crore stamp duty to the state government.

Vasant Vihar and Shanti Niketan are now preferred places for high net-worth individuals (HNIs) looking for bungalows because large plots are available with fewer restrictions, compared to Lutyens' Delhi.

Recently, Anil Gupta, chairman and managing director of cable and wire maker KEI Industries, also purchased a 2,000 sq yard property in Shanti Niketan, worth Rs 140 crore.

Santhosh Kumar, Vice-Chairman, Anarock Group told the media that during the pandemic, many big transactions took place in the high-profile locations. He said that being an exclusive location, Vasant Vihar receives many demands for luxury homes.The area is home to prime industrialists and other HNIs, who have shown an increased preference for independent homes.

Established in 1967, KLJ is the biggest producer and the Market Leader in Plasticizers & Polymer compounds in South Asia.

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Also read: Chandler & Price buys Rs 93 cr Laburnum house in South Mumbai

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