Select Group, a Delhi-based hospitality and retail firm owned by entrepreneur Arjun Sharma, has acquired a high-value residential property in Westend Colony, South Delhi, for Rs 12.5 billion, according to property registration documents accessed by real estate data analytics firm Zapkey. The transaction was registered on October 14, 2025, in the name of Select World Tours India Private Limited. The property spans 668.9 square metres, or about 800 square yards, and is located in Westend Colony, one of South Delhi’s most sought-after low-density residential neighbourhoods. Zapkey data showed that the buyer paid stamp duty of Rs 0.875 billion for the transaction. Founded in 2002, Select Group is led by chairman Arjun Sharma, who is also one of the founders of Select CityWalk in Saket, Delhi’s landmark shopping centre developed in partnership with Blackstone and the country’s first mall to be structured as a REIT. Sharma is also a non-executive, non-independent nominee director at Nexus Select Trust. Westend Colony, located close to the Diplomatic Enclave and Chanakyapuri, is known for its large plot sizes, proximity to embassies and high-security infrastructure. Market observers note that land and bungalow transactions in the area are relatively rare and command some of the highest prices in Delhi’s residential market, making it a preferred address for high-net-worth individuals and senior corporate executives. Select Group has a strong presence in luxury hospitality and retail assets across Delhi-NCR and is a partner in Select CityWalk Mall, one of the capital’s largest and most popular shopping destinations. There was no immediate response from the company to queries sent, and the report will be updated if a response is received. The latest acquisition highlights sustained interest from large real estate groups and their associate entities in premium residential assets in central and south Delhi, even as most new housing supply remains concentrated in peripheral micro-markets. Analysts say such marquee transactions underline the enduring value of well-located land parcels in Lutyens’ Delhi and adjoining elite residential zones, where limited supply continues to support prices despite broader market cycles. In other big-ticket transactions this year, Mumbai-based Gentex Merchants Private Limited, linked to steel magnate Lakshmi Mittal, purchased a 3,540-square-yard bungalow on APJ Abdul Kalam Road in Lutyens’ Delhi for Rs 31 billion in June 2025, the most expensive residential deal in the city this year. Earlier, ChrysCapital partner Sanjay Kukreja and his wife Shaveta Sharma acquired a property in Golf Links for Rs 15.5 billion, while Kusum Ansal, wife of Ansal Group promoter Sushil Ansal, sold her bungalow on Feroze Shah Road for Rs 24.1 billion to Gujarat-based Yatah Enterprise.