There has been a deal in the real estate market that has created a ruckus in the luxury real estate market everywhere. Zentex Merchants Private Limited, Mumbai -based Mumbai Mittal, has purchased a bungalow of 3,540 square gaj on APJ Abdul Kalam Road (East Aurangzeb Road) for Rs 310 crore. This deal has proved that the demand for expensive properties still remains.

Whose hand behind the deal?

Surya Kumar Kanodia Gentex Merchants are one of the directors of Pvt Ltd. This company is behind this big and popular deal. Lakshmi Mittal, who is the chairman and CEO of Arcelromittal, leads the world’s largest steel -making company, he has played an important role in connecting and enhancing the steel industry worldwide.

21.70 crore stamp duty

The deal was registered in June 2025. In which a stamp duty of ₹ 21.70 crore was paid. This bungalow is spread over 31,860 square feet and its price is around ₹ 8.75 lakh per square yard. This shows how high prices are in Lutyens Bungalow Zone (LBZ).

What is Lutyens Delhi?

Lutyens Delhi British Architect Edwin is in the name of Lutyens. It is the most expensive and special residential area in Delhi, where there are big bungalows. Big officers, industrialists and rich people of the Government of India live here.

Historical importance of property

This bungalow was built by an Alwar royal family in 1930. Its owner was Yashwant Singh, who was known as Maharaj Kumar Yashwant Singh of Alwar. Earlier this year, Yashwant Singh also bought a bungalow for ₹ 100 crore in the Golf Links area of ​​Delhi. Spread over 3,540 square yards (31,860 sq ft), this bungalow was sold at the rate of ₹ 8.75 lakh per square yard. Lutyens Bungalow Zone (LBZ) is surrounded by greenery and ancient buildings. Strict construction and renewal rules are applicable to preserve its legacy.

Increasing trend of big deals in Central Delhi

This shopping Lutyens is a link to many recent deals in Delhi. According to the MC report, the property here still remains the first choice of industrialists, rich people (HNIS) and global business familys, even if there is strict rules of construction and repair here so that the historical form of this area remains.

Some recent big deals in Lutyens Zone (LBZ)

• GOLF Links: Chryscapital partner Sanjay Kukraja and his wife Shaveta Sharma bought property for ₹ 155 crore.

• Feroz Shah Road: Kusum Ansal sold his bungalow to Yatah Enterprise of Gujarat for ₹ 241 crore.

• Prithviraj Road: Sidhant Real Estate, a company associated with DLF Chairman Rajiv Singh, bought a bungalow in October 2024 for ₹ 150 crore.

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