Luxurious Bungalow in Delhi’s Sunder Nagar Fetches ₹100 Crore, Reflecting Premium Real Estate Trends

 A luxurious 900-square-yard bungalow in Delhi's elite Sunder Nagar neighborhood has recently been sold for approximately ₹100 crore, underscoring the area's desirability among high-profile buyers such as leading lawyers and businessmen. Here are the key details regarding this notable real estate transaction:

  • Sale Price: The bungalow was sold for nearly ₹100 crore, translating to around ₹11 lakh per square yard.
  • Size: The property boasts a total built-up area of about 6,000 to 7,000 square feet, featuring a ground and first floor, as well as a barsati (an additional living space).
  • Previous Transactions:
    • Another bungalow in Sunder Nagar, owned by Sunil and Ravi Sachdev, was sold for approximately ₹96 crore.
    • Earlier this year, former Attorney General Mukul Rohatgi sold a bungalow in the same area for ₹100 crore.
    • In 2022, Ameera Shah of Metropolis Healthcare purchased a 9,896-square-foot bungalow in Sunder Nagar for ₹64 crore.
  • Property Trends: Most bungalows in Sunder Nagar are around five decades old but remain highly sought after due to their prime location and heritage status.
  • Market Activity: The luxury housing market in India has witnessed significant growth, with a 38% year-on-year increase in sales across major cities from January to September 2024, according to reports.

Real estate consultancy CBRE facilitated the recent sale, and while the buyer, Neeraj Ghei, and the sellers were unavailable for comment, the sale reflects the ongoing trend of affluent buyers investing in premium properties in Delhi.

A 900 sq yard bungalow in Delhi's upscale Sunder Nagar area has sold for nearly ₹100 crore.
A 900 sq yard bungalow in Delhi's upscale Sunder Nagar area has sold for nearly ₹100 crore.

This transaction highlights the continuing appeal of Sunder Nagar as a prime location in Delhi’s real estate market. The area is characterized by its rich history and is home to some of the most expensive properties in the capital.

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