In recent years, the number of individuals buying high-end properties has increased. The transactions for real estate, particularly in the country’s most coveted locations have exceeded Rs 100 crores. A recent example is the sale of a luxurious bungalow in one of the prime locations in Delhi for Rs 150 crore. The Lutyens Zone is renowned for its luxurious properties including bungalows worth Rs 500 crores.
The 150-crore bungalow is acquired by DLF’s Siddhant Real Estate, as per reports. The property was purchased from Rangoli Resorts. According to documents obtained from real estate data analytics firm CRE Matrix, Siddhant Real Estate paid about Rs 10.5 crore as stamp duty for the luxurious bungalow. The deal took place in October 2024 and the bungalow spans an area of 1839 square meters.
Who Is Rajiv Singh?
DLF, one of the largest real estate company, is chaired by Rajiv Singh. The 66-year-old tycoon is considered the wealthiest real estate entrepreneur in the country. DLF, formerly ‘Delhi Land and Finance’ was founded by Chaudhary Raghvendra Singh in 1946.
Net Worth: According to Grohe-Hurun’s rating for 2024, his impressive net worth was around Rs 1.25 lakh crore. DLF’s market capitalization stands at Rs 1.86 lakh crore approx., reports revealed.
