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In a significant addition to the series of high-profile real estate transactions in Delhi, Laxmi Devi Agarwal, wife of Devkinandan Agarwal, a key promoter of GR Infraprojects Limited, has recently acquired a luxury bungalow in the elite Vasant Vihar neighbourhood for a staggering Rs 86 crore. The property deal, which was finalized on September 18, 2023, reflects the continuing trend of notable investments in luxury real estate in India's capital. The bungalow, situated in the prestigious South Delhi area, encompasses an impressive plot size of 1,003.32 square meters (1,200 square yards) and is located on the exclusive Paschimi Marg. The property boasts a substantial plinth area of 339.88 square meters, making it a notable acquisition in one of Delhi's most affluent localities. This transaction involved a hefty stamp duty of Rs 4.36 crore, along with e-registration charges amounting to Rs 86 lakh, according to records from proptech firm Zapkey.com. The acquisition was made from Jaideep Singh and Alok Singh, descendants of Tarlok Singh, who notably served as the first private secretary to Jawaharlal Nehru, India's inaugural Prime Minister. The property's circle rate valuation stands at approximately Rs 78.18 crore, indicating the premium nature of the purchase. Despite the significant transaction value, there has been no immediate response from either the Agarwals or the sellers regarding the deal. This purchase is part of a broader trend of high-value real estate dealings in Delhi. Earlier this year, a 2,160-square-foot bungalow in the affluent Golf Links area was bought for Rs 160 crore by Vasudha Rohatgi, the wife of India's former Attorney General Mukul Rohatgi. Additionally, in August, Renu Khuller, a director at Global Dent Aids, acquired a property in the upscale Nizamuddin East for Rs 61.70 crore. In May, Peyush Bansal, co-founder of Lenskart, made headlines with the purchase of a house in Neeti Bagh for Rs 18 crore. These transactions underscore the robust demand and continued allure of high-end properties in Delhi's real estate market, especially among India's affluent and influential individuals. The trend reflects the capital's status as a hub for luxury real estate, attracting a mix of corporate leaders, entrepreneurs, and high-net-worth individuals seeking premium living spaces in the city's most desirable neighbourhoods.
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