{"id":1266,"date":"2025-12-26T11:17:03","date_gmt":"2025-12-26T05:47:03","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=1266"},"modified":"2026-02-17T12:07:09","modified_gmt":"2026-02-17T06:37:09","slug":"arjun-sharma-of-select-city-walk-acquires-south-delhi-property-for-rs-125-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/arjun-sharma-of-select-city-walk-acquires-south-delhi-property-for-rs-125-crore\/","title":{"rendered":"Arjun Sharma of Select City Walk Acquires South Delhi Property for Rs 125 Crore"},"content":{"rendered":"\n

Arjun Sharma, one of the founders of Delhi\u2019s Select City Walk mall, has recently purchased a sprawling bungalow in South Delhi\u2019s 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<\/a>, he also paid Rs 8.75 crore in stamp duty for the transaction.<\/p>\n\n\n\n

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\u2019s first retail REIT, backed by the Blackstone Group.<\/p>\n\n\n\n

Surge in Luxury Real Estate Interest<\/strong><\/h4>\n\n\n\n

A recent survey by India Sotheby\u2019s 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%.<\/p>\n\n\n\n

South Delhi Property Prices on the Rise<\/strong><\/h4>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h4>\n\n\n\n

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. <\/p>\n\n\n\n

In a recent transaction, South Delhi resident Ashok Mittal has acquired a premium bungalow in Delhi\u2019s upscale Sunder Nagar locality for \u20b965 crore<\/a>. In another transaction earlier this year, Yashwant Singh, a member of a Rajasthan royal family, purchased a bungalow in Delhi\u2019s upscale Golf Links area<\/a> for a staggering \u20b9100 crore. <\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/em><\/h4>\n\n\n\n