Posted on

Arjun Sharma of Select City Walk Acquires South Delhi Property for Rs 125 Crore

Arjun Sharma of Select City Walk Acquires South Delhi Property for Rs 125 Crore

Arjun Sharma, one of the founders of Delhi’s Select City Walk mall, has recently purchased a sprawling bungalow in South Delhi’s West End. The deal, valued at Rs 125 crore, was conducted through his firm, Select World Tours, where Sharma serves as director. According to documents accessed by CRE Matrix, he also paid Rs 8.75 crore in stamp duty for the transaction.

Moreover, Sharma currently serves as an Independent Director at Sandhar Technologies Limited. Over the years, his business experience has spanned tourism and hospitality, including leading Heritage Village Resort & Spa in Gurgaon and Goa, Sita Travels (now owned by Thomas Cook), and Le Passage to India (now owned by TUI). Importantly, Select City Walk is now part of India’s first retail REIT, backed by the Blackstone Group.

Surge in Luxury Real Estate Interest

A recent survey by India Sotheby’s International Realty (ISIR) indicates that nearly half of respondents expect 12%-18% returns from real estate investments. However, optimism has slightly declined, with only 71% of HNIs and UHNIs projecting strong returns, down from 79% in 2024. Despite this, most believe that India will remain the fastest-growing major economy, with GDP growth of 6%-6.5%.

South Delhi Property Prices on the Rise

Meanwhile, renewed buyer confidence has boosted demand for independent floors in South Delhi. Also, a surge in redevelopment activity has further pushed up their average prices. Specifically, Category A and B colonies saw price jumps of 12%-17% in Q3 2025. Analysts attribute this increase primarily to the growing preference for luxury housing among high-net-worth individuals.

For investors like Sharma, timing and location matter. West End, South Delhi, is a prime luxury zone. Therefore, with strong demand for high-end residential properties, strategic acquisitions offer both prestige and potential returns.

Recent Transactions

South Delhi continues to attract high-net-worth buyers, with luxury property transactions on the rise. These high-profile deals highlight strong demand for prime locations, driven by redevelopment activity, renewed buyer confidence, and a growing preference for upscale independent floors.

In a recent transaction, South Delhi resident Ashok Mittal has acquired a premium bungalow in Delhi’s upscale Sunder Nagar locality for ₹65 crore. In another transaction earlier this year, Yashwant Singh, a member of a Rajasthan royal family, purchased a bungalow in Delhi’s upscale Golf Links area for a staggering ₹100 crore.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

South Delhi’s Ashok Mittal Acquires ₹65 Crore Sunder Nagar Bungalow

Ashok Mittal Buys bungalow in Sunder Nagar Delhi

South Delhi resident Ashok Mittal has acquired a premium bungalow in Delhi’s upscale Sunder Nagar locality for ₹65 crore, according to property documents accessed by CRE Matrix. The transaction contributes to the growing trend of high-value residential deals in central Delhi’s most coveted neighborhoods.

The bungalow stands on an 866 sq yd plot. The ground and basement floors, together, measure 4,846.88 sq ft and cost ₹34 crore. Mittal paid ₹2.38 crore in stamp duty for this portion of the property. As per the registration documents, this part of the deal was formalised on October 31, 2025.

Ashok Mittal purchased the first floor, spread across 3,118.62 sq ft, for ₹31 crore. This included an additional ₹2.17 crore paid as stamp duty.

Sunder Nagar continues to be one of the most desirable residential pockets in the capital, especially among top lawyers, industrialists, and business families. However, property brokers active in the area note that most bungalows here are nearly five decades old. This offers expansive plots and timeless architectural charm.

Typical homes in this part of Lutyens’ Delhi feature plots of around 800 sq yards. These include a ground and first floor, and a barsati level on the second floor that often serves as a compact one-bedroom unit. The total built-up area for such properties typically ranges between 6,000–8,000 sq ft, making them rare, high-value assets.

Recent Transactions

Delhi’s luxury housing market has witnessed a steady rise in high-value deals, with multiple marquee transactions recorded across premium neighbourhoods. These purchases highlight strong demand from affluent buyers seeking rare, large-format homes in prime locations.

In a recent transaction, Yashwant Singh, a member of a Rajasthan royal family, purchased a bungalow in Delhi’s upscale Golf Links area for a staggering ₹100 crore. In another transaction, Delhi High Court senior advocate Arun Kathpalia purchased a 763 sq yard bungalow in the same Golf Links neighborhood for ₹69 crore.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

IKEA Signs 9-Year Lease for Retail Space in Pacific Mall, Delhi

Ikea leases retail space in Delhi

Global home furnishing giant IKEA has signed a nine-year lease agreement with Pacific Development Corporation for a prominent retail space in Pacific Mall, Najafgarh Road, West Delhi. The deal was registered on April 9, 2025, and covers a 14,471 sq. ft. area. It comes with a substantial security deposit of ₹4.25 crore, as per data shared by CRE Matrix.

The lease structure starts with a monthly rent of ₹30 lakh in the first year, with gradual escalations over the lease tenure. In the second year, the rent rises by 3.75% to ₹31.12 lakh. There will be a 2.41% hike in the third year, amounting to ₹31.87 lakh. A significant increase occurs in the fourth year, with the monthly rent jumping by over 20% to ₹38.49 lakh. This remains stable for the fifth and sixth years. In the seventh year, another sharp escalation of 18% pushes the rent to ₹45.42 lakh per month. However, this remains fixed through the eighth and ninth years. The agreement includes an 8-month lock-in period for the licensee.

This strategic expansion reflects IKEA’s increasing focus on penetrating high-footfall urban retail hubs. By securing a flagship global brand as a tenant, Pacific Mall strengthens its market positioning and is expected to see a further boost in customer traffic and overall brand mix.

The new store in West Delhi aligns with IKEA’s innovative ‘One Click, 30 Minutes Away’ model. Unlike large-format IKEA stores in Bengaluru, Hyderabad, and Navi Mumbai that offer the complete IKEA experience, the city store model caters to urban customers seeking curated solutions. The 15,000 sq. ft. store at Pacific Mall will stock around 800 smaller ‘cash-and-carry’ products available for immediate purchase. Altogether, there will be a display of a total of 2,000 items. Customers will also have the option to order products from IKEA’s full range, including kitchen solutions. The Customer Distribution Centre in Farrukhnagar will deliver them.

This move highlights IKEA’s continued strategy to expand its footprint in India. It reflects IKEA’s focus on blending physical and digital experiences for modern urban shoppers.

Recent Transactions

Delhi’s commercial real estate market remains active, witnessing several high-value lease transactions recently, driven by strong demand from global brands and retailers seeking prime urban retail and office spaces.

Reflecting this trend, in August 2025, Tesla India Motors and Energy Pvt Ltd recently entered into a nine-year lease agreement for an 8,200 sq ft showroom space located in Delhi’s Aerocity.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

Tesla Leases 8,200 Sq Ft Showroom in Delhi’s Aerocity at ₹17.22 Lakh Per Month

Tesla Leases in Aerocity Delhi

Elon Musk’s Tesla India Motors and Energy Pvt Ltd is accelerating its India expansion with a premium lease deal in the capital. According to property documents accessed by CRE Matrix, the electric vehicle maker has signed a nine-year agreement for an 8,200 sq ft showroom space in Delhi’s Aerocity, a high-profile hospitality and commercial hub located near Indira Gandhi International Airport. 

The lease, registered on July 30 with Oak Infrastructure Pvt Ltd, is valued at ₹210 per sq ft per month, amounting to ₹17.22 lakh in monthly rent. Tesla has also taken 10 parking slots at ₹6,000 per month each, alongside a security deposit of ₹1.03 crore.

The sublease begins on March 15, 2025, with a 120-day fit-out period before the commencement of rent payments on July 13, 2025. The agreement includes a three-year lock-in period, a 15% rent escalation every three years, and common area charges of ₹33.5 per sq ft per month, backed by a refundable CAM deposit of ₹16.48 lakh.

This Aerocity lease marks Tesla’s second major retail space in India following its high-profile entry into the market last month. On June 15, the company leased its first showroom at Maker Maxity Mall in Mumbai’s Bandra Kurla Complex, taking 4,000 sq ft in one of the country’s most expensive commercial districts for ₹23.38 crore over five years, and inaugurated it on July 15.

Tesla has not limited its expansion to retail spaces alone. Earlier, the company also secured nearly 51,000 sq ft of super built-up area at Orchid Business Park on Sohna Road, Gurugram, for a nine-year term at a starting monthly rent of ₹40.17 lakh. With prime locations now locked in across Mumbai, Gurugram, and Delhi, Tesla is positioning itself strategically in India’s most influential business hubs, setting the stage for an aggressive brand rollout in the world’s third-largest automobile market.

Posted on

Golf Links Bungalow Sold for ₹100 Crore in Lutyens’ Delhi Luxury Deal

Golf Links Bungalow sold for Rs 100 crore

Yashwant Singh, a member of a Rajasthan royal family, has purchased a bungalow in Delhi’s upscale Golf Links area for a staggering ₹100 crore, according to property registration records accessed via CRE Matrix.

The transaction, registered on June 12, 2025, includes a land parcel of 588.97 sq. m with a built-up area of 867.33 sq. m. Singh has reportedly paid ₹7 crore in stamp duty and corporation tax. The seller of the property is Anu Jindal, currently residing in The Camellias, Gurugram. Singh’s address is listed as the prestigious APJ Abdul Kalam Road, New Delhi.

The bungalow, true to Lutyens’ charm, is a 2.5-storey structure that includes a basement, ground and first floors, a barsati (terrace room), and dedicated servant quarters.

Experts say that this deal reaffirms the sustained allure of the Lutyens Bungalow Zone (LBZ), where demand far exceeds supply. Golf Links, in particular, remains one of the most coveted addresses in the capital. With very few listings at any time, buyers often face stiff competition for a foothold in this elite enclave.

Lutyens Bungalow Zone is not just expensive; it’s also highly regulated. As a designated heritage zone, areas like Golf Links, Prithviraj Road, parts of Sunder Nagar, and Bengali Market fall under strict development norms. These include height restrictions, low floor-area ratios (FARs), and limitations on reconstruction.

While the zone is undeniably prestigious, it doesn’t always offer the spatial luxuries one might expect at this price point. In fact, few bungalows here exceed 10,000 sq. ft. of carpet area. But what it lacks in scale, it more than makes up for in legacy, location, and exclusivity.

This ₹100 crore deal is not just a headline-grabber. It’s a signal that Lutyens’ Delhi, and Golf Links in particular, remain untouched by market slowdowns or cyclical shifts. It represents a class of Indian real estate that is less about square footage and more about stature.

Recent Transactions

High-value transactions in Delhi’s luxury real estate market signal continued buyer interest in marquee addresses. In prime zones like Golf Links and across Lutyens’ Delhi, demand remains strong despite limited inventory and strict heritage development norms.

In a recent transaction, Delhi High Court senior advocate Arun Kathpalia purchased a 763 sq yard bungalow in the same Golf Links neighborhood for ₹69 crore. In another transaction, Sanjay Kukreja, a partner at ChrysCapital, and his wife, Shaveta Sharma, purchased a 1,250-square-yard bungalow for ₹155 crore.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

O3plus MD, Wife Buy Delhi Bungalow for Rs 72 Crore

o3plus md buys bungalow

Vineet Kapur, founder and managing director of the skincare brand O3plus, along with his wife Sonia Kapur, has purchased a premium bungalow in Delhi’s posh Vasant Vihar area for a whopping Rs 72 crore. The property, built on a 663 sq m plot, is one of the latest additions to the capital’s booming luxury real estate segment.

According to data accessed via CRE Matrix, the transaction was registered in the first week of April, with Kapur paying a stamp duty of Rs 1.8 crore.

This high-profile acquisition comes shortly after Eleannt Enterprises secured a 1,280-sq yd plot in the same neighbourhood for Rs 95 crore, highlighting Vasant Vihar’s continued appeal among HNIs and business leaders. CBRE acted as the exclusive advisor for Kapur’s deal.

South Delhi, particularly areas like Vasant Vihar, has emerged as a hotspot for luxury homebuyers. Industry estimates peg the real estate potential of this upscale region at an astounding Rs 5.65 lakh crore across 42 colonies regulated by the Municipal Corporation of Delhi (MCD). These colonies, largely classified under Categories A and B, are home to a significant number of high-value residential plots, both occupied and vacant.

As per recent data, there are about 18,446 plots available across these colonies, with plot sizes ranging from 125 sq yd to 1,750 sq yd. Prices currently range between Rs 6 lakh to Rs 15 lakh per sq yd, depending on location, connectivity, and property status.

Over the past couple of years, Delhi-NCR has witnessed a surge in luxury housing sales. This is driven by increasing affluence, generational wealth transfers, and a desire for bespoke, premium living environments. Experts anticipate sustained momentum in this segment as demand continues to rise across both established and emerging luxury micro-markets.

Recent Transactions 

Delhi’s upscale neighborhoods are witnessing a surge in high-value property transactions. From Vasant Vihar to other elite South Delhi colonies, luxury bungalows are being snapped up. This reflects strong demand from HNIs and business leaders seeking premium residences in the capital.

In a recent transaction, Delhi High Court senior advocate Arun Kathpalia purchased a 763 sq yard bungalow in Delhi’s posh Golf Links neighborhood for a whopping  Rs 69 crore. In another transaction, Sanjay Kukreja, a partner at ChrysCapital, purchased a 1,250-square-yard bungalow in the same neighborhood for Rs 155 crore. 

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

Senior Advocate Arun Kathpalia Purchases Bungalow in Delhi’s Golf Links for ₹69 Crore

Lutyens Delhi

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. 

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

ChrysCapital Partner Sanjay Kukreja, Wife Buy Golf Links Bungalow for Rs 155 Crore

Sanjay Kukreja, a partner at ChrysCapital, one of India’s largest homegrown private equity firms, and his wife Shaveta Sharma, CEO and MD of Central Square Foundation (CSF) purchased a 1,250-square-yard bungalow in the upscale Golf Links area of South Delhi for a staggering Rs 155 crore, according to the documents accessed by CRE Matrix. 

The Kukreja family paid Rs 9.3 crore in stamp duty and corporation tax for the property. This deal highlights the enduring appeal of Golf Links among high-net-worth individuals (HNWIs) and business elites in India. Renowned for its exclusivity and limited property availability, Golf Links has emerged as a preferred destination for HNWIs and corporate leaders.

The recent purchase by Sanjay Kukreja and his wife at Golf Links reaffirms the area’s status as a prime residential location for India’s wealthiest individuals. Despite a slight moderation in sentiment, the interest in high-end properties remains robust. Golf Links continues to attract corporate leaders and UHNIs, with prices remaining firm due to limited availability. Even if expectations have slightly waned, demand for luxury real estate is expected to remain as long as India’s economy continues to expand. 

Recent High-End Transactions in Delhi

Delhi’s luxury real estate market continues to attract high-net-worth individuals (HNWIs) and business elites, with several noteworthy transactions taking place in prestigious neighborhoods. Despite market fluctuations, demand for upscale properties remains strong, driven by limited supply and the desire for premium locations. 

In a recent transaction, Anurang Jain, the managing director of Endurance Technologies, purchased a 1,350-square-yard bungalow on Kautilya Marg, New Delhi, for ₹130 crores. In another transaction, Sidhant Real Estate, led by DLF Chairman Rajiv Singh and his family, recently acquired a ₹150 crore bungalow in Lutyens’ Delhi’s Prithviraj Road.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

DLF’s Sidhant Real Estate Acquires Iconic Bungalow in Lutyens’ Delhi for ₹150 Crore

DLF’s Sidhant Real Estate Acquires Iconic Bungalow in Lutyens’ Delhi for ₹150 Crore

Sidhant Real Estate, a company led by DLF Chairman Rajiv Singh and his family, is in the headlines for the acquisition of a grand bungalow in the upscale neighborhood of Prithviraj Road in Lutyens’ Delhi. The transaction, valued at ₹150 crore, according to documents accessed by CRE Matrix is a testament to the rising demand for ultra-luxury properties in the capital’s most coveted areas.

The bungalow was acquired from Rangoli Resorts, a company where Sheela Foam’s executive chairman, Rahul Gautam, and his family serve as directors. According to the documents, Sidhant Real Estate paid a stamp duty of ₹10.5 crore.

Rangoli Resorts, known for its association with Sheela Foam, also completed another high-value transaction last year, purchasing a bungalow on Hailey Road for ₹165 crore. Both deals were finalized in October 2024 and listed on the India Sotheby’s International Realty platform, showcasing their exclusivity.

While Rangoli Resorts’ dealings show the glamour of luxury real estate investments, Sidhant Real Estate’s acquisition stands in the spotlight. It not only adds to the portfolio of the company but also brings Lutyens’ Delhi to the forefront of high-net-worth individuals searching for luxury properties.

This transaction is just one more example of DLF’s history of large, high-end developments and acquisitions, as Sidhant Real Estate continues to gain prominence and stature in the luxury real estate market.

Recent Transactions in Delhi

The market for luxury real estate in Delhi is still highly competitive, with high-profile deals occurring in some of the most desirable areas in the city. These transactions demonstrate the rising demand for upscale real estate in desirable neighborhoods like Lutyens’ Delhi.

In a recent transaction, Anurang Jain, the managing director of auto component leader Endurance Technologies purchased a 1,350 square-yard bungalow on Kautilya Marg, New Delhi for a substantial sum of ₹130 crore.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

Anurang Jain, Managing Director of Endurance Tech Acquires ₹ 130 Crore Bungalow in Delhi

Anurang Jain, Managing Director of Endurance Tech Acquires ₹ 130 Crore Bungalow in Delhi

Anurang Jain, the managing director of auto component leader Endurance Technologies, has purchased a 1,350 square-yard bungalow on Kautilya Marg, New Delhi. The deal was finalized for a substantial sum of ₹130 crore, according to documents accessed by CRE Matrix.

Jain paid a stamp duty of ₹8.32 crore to acquire the property, making it one of the costliest real estate transactions in New Delhi.

This year, several ₹100 crore-plus property deals have closed in New Delhi. The increasing demand for prime properties, coupled with limited supply, has driven up prices and attracted significant investments from high-net-worth individuals.

Recent Transactions in Delhi

New Delhi’s luxury real estate market is experiencing unprecedented demand, driving up prices for prime properties. As a result, numerous high-value bungalow deals are on the verge of closing. In a transaction earlier this year, Bhuvan Bam had bought a bungalow for Rs 11 crore in South Delhi. In another transaction, Zomato CEO Deepinder Goyal purchased two land parcels totaling 5 acres in Mehrauli Tehsil, New Delhi, for ₹79 crore.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!