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.
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