Luxurious Nizamuddin bungalow fetches whopping Rs 620 million

31 Aug 2023 CW Team

In a remarkable real estate transaction, the director of a manufacturer of interdental brushes has acquired an opulent bungalow in the affluent Nizamuddin locality of Delhi for a staggering Rs 617 million, as per sale deed records.

Spanning an expansive 10,000 square feet across the ground, first, and second floors, the bungalow's built-up area showcases luxurious living at its finest. The plot encompasses 873 square yards, and the buyer, Renu Khuller, a director at GlobalDent Aids, paid approximately Rs 30 million as stamp duty. The sellers, Bharat and Janak Garg, finalised the sale of this exquisite property.

This deal is considered one of the most high-priced transactions in Nizamuddin East, reflecting a per square foot rate of around Rs 62,000, as stated by Pradeep Prajapati, the founder and CEO of Weathvisory Capital.

Officially registered on July 13, 2023, this transaction underscores the allure of luxury real estate in prestigious neighbourhoods, where buyers are willing to invest substantial sums for exclusive living spaces.

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