The Maxop Engineering director purchases a home in Delhi's HNI hotspot

14 Feb 2023 CW Team

Shailesh Arora, director of Maxop Engineering, paid Rs 685 million for a 575-square-yard bungalow in Delhi's Golf Links.

Arora bought the property from Delhi-based Vaishnawi Energy Distribution Pvt Ltd, which bought it from Ambience Group promoter Raj singh Gehlot for Rs 800 million.

Arora paid Rs 41.1 million in stamp duty for the transaction, which was registered in December 2022, according to documents obtained by CRE Matrix.

Several corporate executives have purchased properties in posh areas of Delhi over the last two years.

Pawan Agarwal, deputy managing director of DB Group (Dainik Bhaskar), recently paid Rs 750 million for a 575-square-yard bungalow in Delhi's Golf Links.

Sunil Vachani, chairman of Dixon Technologies, and Vishwavir Ahuja, former chairman and managing director of RBL Bank, are among those who purchased Golf Links bungalows following the pandemic.

According to India Sotheby's International Realty's annual Luxury Outlook Survey 2023, more than 75% of high and ultra high net worth individuals believe real estate will perform well over the next two to three years, and a similar percentage (74%) believes real estate is an important asset to hedge against inflation (ISIR).

Real estate remains an appealing investment option, with 61% of HNIs and UHNIs planning to buy in 2023-24. Affluent investors prefer high-rise apartments (34%), closely followed by farmhouses and vacation homes (30%). Rent-generating commercial real estate is also in high demand, with 23% of HNI respondents interested in investing in it.

Sixteen bungalows were sold in Golf Links in 2020, the most in a single year since the pandemic, as the pandemic increased demand for ultra-luxurious properties with open spaces.

Golf Links has emerged as HNIs' preferred destination. The gated colony, which borders the main golf course in the heart of Delhi, is also close to several tourist attractions.

Shailesh Arora, director of Maxop Engineering, paid Rs 685 million for a 575-square-yard bungalow in Delhi's Golf Links. Arora bought the property from Delhi-based Vaishnawi Energy Distribution Pvt Ltd, which bought it from Ambience Group promoter Raj singh Gehlot for Rs 800 million. Arora paid Rs 41.1 million in stamp duty for the transaction, which was registered in December 2022, according to documents obtained by CRE Matrix. Several corporate executives have purchased properties in posh areas of Delhi over the last two years. Pawan Agarwal, deputy managing director of DB Group (Dainik Bhaskar), recently paid Rs 750 million for a 575-square-yard bungalow in Delhi's Golf Links. Sunil Vachani, chairman of Dixon Technologies, and Vishwavir Ahuja, former chairman and managing director of RBL Bank, are among those who purchased Golf Links bungalows following the pandemic. According to India Sotheby's International Realty's annual Luxury Outlook Survey 2023, more than 75% of high and ultra high net worth individuals believe real estate will perform well over the next two to three years, and a similar percentage (74%) believes real estate is an important asset to hedge against inflation (ISIR). Real estate remains an appealing investment option, with 61% of HNIs and UHNIs planning to buy in 2023-24. Affluent investors prefer high-rise apartments (34%), closely followed by farmhouses and vacation homes (30%). Rent-generating commercial real estate is also in high demand, with 23% of HNI respondents interested in investing in it. Sixteen bungalows were sold in Golf Links in 2020, the most in a single year since the pandemic, as the pandemic increased demand for ultra-luxurious properties with open spaces. Golf Links has emerged as HNIs' preferred destination. The gated colony, which borders the main golf course in the heart of Delhi, is also close to several tourist attractions. See also: TARC reports Rs 3500 million in sales in New Delhi projectDLF's premium housing project in Gurugram will cost Rs 75000 million

Infrastructure Urban

12 May 2026

Greenply Launches Ecotec Prime Plywood

Greenply Industries has launched Ecotec Prime, strengthening its economy plywood portfolio with a product designed to offer both fire and water protection. The plywood combines IS 5509 certified fire-retardant technology with Boiling Waterproof grade performance.The company said the launch addresses a gap in the affordable plywood segment, where safety-led features have largely been limited to premium categories. Backed by a 20-year warranty, Ecotec Prime is positioned for homes, offices, commercial spaces, hospitals, hotels, malls and government projects.Greenply said the product aims to make..

Infrastructure Energy

12 May 2026

BorgWarner Wins Two Asian Powertrain Orders

BorgWarner has secured two new conquest programme awards in Asia, strengthening its propulsion and drivetrain business. The awards include a latest-generation wet dual clutch for a Chinese OEM’s SUV platform and a torsional assist variable cam timing system for a Japanese OEM’s next-generation hybrid engine.The wet dual clutch combines high-performance wet friction materials with an optimised groove design to reduce drag torque, improving transmission efficiency and fuel economy. It also offers smoother launch and shift performance at lower actuation pressure, while an integrated wave spri..

Real Estate

12 May 2026

42MM Designs Climate-Responsive Summer Home

42MM Architecture has introduced Spaces That Breathe: Designing Homes Around Summer Rhythms, a residence designed around the realities of Indian summers. The home responds to heat through built form, orientation, shading and material use rather than relying primarily on applied systems.The design is arranged as layered volumes, with projecting upper floors, recessed glazing, shaded edges, vertical fins and screened facades helping reduce heat gain while supporting controlled ventilation. A central landscaped court brings light and air into the house, while living areas are oriented towards thi..