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Auto-component manufacturer Anand Automotive has purchased a 1,550-square-yard bungalow on Kautilya Marg in Delhi for INR 195 crore. With an additional stamp duty of around INR 13.65 crore, the total deal value comes close to INR 209 crore. The high-value transaction adds to a recent string of big-ticket bungalow deals in the capital. Earlier, Endurance Technologies MD Anurag Jain and Aakash Chaudhry of Aakash Educational Services had acquired similar properties in the same area for over INR 130 crore.
Anand Automotive has acquired a high-end bungalow in Delhi's Kautilya Marg for INR 195 crore, making it one of the costliest residential transactions in the city in recent months. The bungalow, measuring around 1,550 square yards, comes with an added stamp duty of INR 13.65 crore, taking the total transaction value to nearly INR 209 crore. Advertisement
This transaction follows other high-value residential purchases on the same stretch. Not long ago, Anurag Jain, managing director of Endurance Technologies, bought a 1,350-square-yard bungalow on Kautilya Marg for around INR 130 crore. Similarly, Aakash Chaudhry, co-promoter of Aakash Educational Services, paid approximately INR 137 crore for another bungalow on the same road.
Market experts pointed out that Kautilya Marg, located in the Diplomatic Enclave, is gaining more attention from high-net-worth buyers due to relatively easier redevelopment norms compared to central Lutyens' Delhi. While Anand Automotive declined to comment on the deal, real estate consultancy CBRE, believed to have brokered the transaction, also remained unavailable for a statement.
Property consultants say interest in ultra-luxury real estate in Delhi has seen a clear rise, especially after the pandemic. Corporate families and business owners are actively investing in bungalows in exclusive locations. The limited availability of such properties in prime areas continues to push prices upward.
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