In a recent high-value transaction, Delhi High Court senior advocate Arun Kathpalia, known for his expertise in dispute resolution, purchased a 763 sq yard bungalow in Delhi’s posh Golf Links neighborhood for a whopping ₹69 crore. According to documents accessed through CRE Matrix, the transaction involved a stamp duty payment of ₹4.14 crore.
Kathpalia now joins the distinguished league of legal luminaries such as former Attorney General Mukul Rohatgi, former Solicitor General Gopal Subramanium, and former Additional Solicitor General Vikas Singh, who have all made recent property acquisitions in the Lutyens’ Bungalow Zone (LBZ).
Golf Links, along with nearby Sunder Nagar, has become a preferred address for lawyers due to its strategic proximity to the Supreme Court and the Delhi High Court. The area also attracts high net worth individuals (HNIs) and corporate heavyweights, drawn to its exclusivity and heritage charm. With extremely limited inventory and consistent demand, prices in the area have remained robust.
The Lutyens’ Bungalow Zone spans 28 square kilometres and is home to approximately 3,000 bungalows originally built for top government officials, ministers, and judges. Around 600 of these are privately owned, often by some of India’s wealthiest citizens. Designed by British architect Edwin Lutyens between 1912 and 1930, the LBZ remains one of the most prestigious residential enclaves in the country.
Despite a slight dip in optimism, HNI interest in real estate remains resilient. According to India Sotheby’s International Realty’s latest luxury residential outlook survey, 62% of HNIs and ultra-HNIs plan to invest in real estate over the next 12-24 months, down from 71% in 2024. Nearly half of the respondents expect returns in the range of 12%–18%, while 38% anticipate returns below 12%.
While overall optimism has slipped from 79% in 2024 to 71% in 2025, confidence in India’s macroeconomic fundamentals remains strong. Most investors continue to view India as the fastest-growing major economy, with GDP growth expected to stay within the 6%–6.5% range.
Recent Transactions
The Lutyens’ Bungalow Zone in Delhi has witnessed a series of high-end property transactions, driven by top legal minds and business elites. Limited availability, heritage charm, and prime location continue to make it one of India’s most coveted addresses.
In a recent transaction, Sanjay Kukreja, a partner at ChrysCapital, and his wife, Shaveta Sharma, purchased a 1,250-square-yard bungalow in the upscale Golf Links area of South Delhi for ₹155 crore. In another transaction, Sidhant Real Estate, a company led by DLF Chairman Rajiv Singh and his family, acquired a grand bungalow in the upscale neighborhood of Prithviraj Road in Lutyens’ Delhi for ₹150 crore.
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