Homes of the Rich: Most expensive ‘bungalow’ deals in the last decade

Owning a home is believed to be a keystone of wealth. Not only does it account for financial affluence but it also renders the owner with ultimate reliability and emotional security. Real estate is both an investment as well as a place to live and call home. When talking about the property agent or real estate broker in central delhi, everyone seems to have a different opinion. For one person, a well-furnished house might be the best designed one, whereas, for the other, it might be the house that looks appealing from the outside. But, certain expensive houses in India contain every luxury. Here’s a list of the top 14 bungalows sold in the last decade:

Lincoln House: Rs 750 corer
Cyrus Poonawalla, Group Chairman of Poonawalla Group who is based out of Pune, in a weekend sale purchased the iconic Lincoln House for Rs 750 corer. Such bulge-bracket property deals by the rich and the famous though are not new to the land-starved mega polis but the Lincoln House’s deal for Rs 750 corer is mind-boggling.

LBZ bungalow: Rs 476.50 corer
Anushka Singh, granddaughter of DLF Chairman KP Singh, has acquired a bungalow on Prithviraj Road in the Lutyens Bungalow Zone (LBZ) for Rs 476.50 crore, the highest price for a home in the Prithviraj Road. The bungalow located on a 7,143-square-metre plot with a built up area of 780 square metres was sold by the family of the late war hero Air Chief Marshal Pratap Chandra Lal.

Gulita: Rs 452 corer
The Piramals won the bid for the Gulita building in 2012 and bought the property for a whopping Rs 450 corer. Hindustan Unilever, which had a training centre at Gulita, sold the property to the Piramals six years ago. Gulita is spread over 50,000 square feet. The sprawling mansion has five floors and faces the Arabian Sea.

Jatia House: Rs 425 crore
Kumar Mangalam Birla, Chairman of the $41-billion Aditya Birla Group, bought the sea-facing Jatia House for Rs 425 crore in late 2015. The two-storey, 30,000 square feet bungalow is located in the city’s tony Malabar Hill area.

Maheshwari House: Rs 400 crore
Steel magnate Sajjan Jindal has purchased what is arguably the most expensive house in India. The owner of Jindal South-West Steel inked a real estate deal and bought a three-storey bungalow in south Mumbai for Rs 400 corer. The bungalow in question is a sea-facing property that covers over an acre in south Mumbai’s Napean Sea Road area. This sprawling property in the posh neighbourhood has a large porch and garden as well.

Mehrangir: Rs 372 crore
Mehrangir’, the iconic bungalow of Homi J Bhabha, father of India’s atomic energy programme, here was today sold at an auction for Rs 372 crore, despite demands to turn it into a museum. In 2014, the Godrej family had acquired Mehrangircrore.

Napean Grange: Rs 350 crore
A suburban developer has paid a record price of Rs 350 crore for a Nepean Sea bungalow property. Runwal Group, which has projects largely in the eastern suburbs, bought Nepean Grange , the two-storey bungalow constructed in 1918, from the Kapadia family.

Bungalow in Lutyens’ Delhi Rs 304 crore
Subhash Chandra promoted Essel group bought a bungalow in Lutyens’ Delhi for Rs 304 crore in early 2015 from Greatway Estates, a subsidiary of real estate firm Anant Raj group. The bungalow stands on a 2.8 acre plot on Bhagwan Das Road.

Villa Nirmala: Rs 300 crore
Villa Nirmala, an over-six-decade-old property on Carmichael Road in south Mumbai, was been jointly purchased by Peninsula Land — part of the Ashok Piramal Group — and developer Khemchand Kothari in 2010 for Rs 300 crore.

Bishops Gate: Rs 272 crore
Bishops Gate, a five-storey residential building co-owned by Standard Chartered and the Hong Kong and Shanghai Banking Corporation (HSBC) in upscale Breach Candy area in the city, was sold for Rs 272 crore to Peninsula Land, an Ashok Piramal Group company, in 2011.

Bungalow on Amrita Shergill Marg in Lutyens’ Delhi 220 crore
Rajiv Rattan, co-founder of Indiabulls Group, is buying a bungalow on Amrita Shergill Marg in the Lutyens Bungalow Zone for Rs 220 crore. The home, on a 2,920 sq yard plot with 10,000 sq ft of built-up space, is down the road from Bharti chief Sunil Mittal, BK Modi and other top industrialists.

Built-up area on Prithviraj Road for  173 crore
Harish Ahuja of Shahi Exports bought a 2,650 square metre plot with about 836 square metre of built-up area on Prithviraj Road in September 2015 for Rs 173 crore at the rate of Rs 6.53 lakh per square metre.

 Bungalow in the tony Golf Links area 160 crore
VC Burman, Chairman emeritus of the FMCG-to-financial services conglomerate Dabur Group, bought a bungalow in the tony Golf Links area of Delhi for Rs 160 crore in 2015. The bungalow, located on a 1,310 square yard plot, has a total built-up space of about 9,000 square feet and was sold at Rs 12.2 lakh per square yard by the Gupta and Agarwal families.

Bungalow in the Friends Colony East area Rs 115 crore
HCL Chairman Shiv Nadar bought a bungalow in the Friends Colony East area of Delhi for Rs 115 crore in October 2014. The 1,930-square yard plot that Nadar has bought is near his current home in the same locality and it is believed that the property has been bought for his daughter Roshni Nadar and son-in-law Shikhar Neelkamal Malhotra.



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