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.
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