Indian Businessman Sells Delhi Bungalow for Over $200 Million, a Decade After Purchase

Indian businessman Subhash Chandra, chairman of the Essel Group, has sold a bungalow in Delhi's exclusive Lutyens' Zone for approximately INR 1,260 crore (over $200 million USD). Chandra originally purchased the property in 2015 for INR 304 crore. The sale represents one of the most expensive real estate transactions in recent years, with the property's value increasing more than fourfold in a decade. The bungalow is located on Bhagwan Das Road, near India Gate. The buyer remains undisclosed, and the deal is expected to close by early December. Lutyens' Zone is a highly sought-after area known for its affluent residents.

This reports on a significant real estate transaction, highlighting property value appreciation and the exclusivity of a prime urban location.