Bharti Enterprises MD buys Rs 85 cr property in Delhi鈥檚 Shanti Niketan
22 Sep 2021
2 Min Read
CW Team
Rajan Bharti Mittal, Bharti Enterprises' vice-chairman and managing director has purchased a 1,200 sq yard property in Delhi's Shanti Niketan for around 85 crore according to two sources familiar with the deal.
On September 9, four different owners sold their shares of the plot to Mittal in a deal that was registered. The nearly 10,000 sq foot property was purchased for 7.5 lakh per sq yard and is located near consulates, the Lutyens zone, the airport, and major business districts.
Since the lockdown was lifted in May last year, there has been a flurry of high-value transactions in Lutyens' Delhi and South Delhi, with entrepreneurs and ultra-high-net-worth individuals (HNIs) looking for larger homes in Delhi's posh colonies.
Pradeep Prajapati, head of luxury residential services at IQI India told the media that HNIs prefer Shanti Niketan because it is closer to Lutyens Delhi and property here can be redeveloped because it is in South Delhi. Buyers can build up to four floors, which is not permitted in the Lutyens Delhi development.
Experts think that despite market fluctuations in other parts of Delhi, the scarcity of such properties available for outright sale near the Lutyens zone, combined with growing demand for such bungalows, will keep prices high.
Demand for ultra-luxury properties such as Vasant Kunj, Vasant Vihar, Golf Links, Sunder Nagar, and Shanti Niketan was strong last fiscal year, with 1,991 deals recorded compared to 1,780 in FY20.
JC Chaudhary, the founder of Aakash Educational Services Ltd, has made several recent transactions in South Delhi and Lutyens Delhi.
Sunil Vachani, chairman of Dixon Technologies, paid about 170 crore for a 1,250 sq yard bungalow in Golf Links.
Rajan Bharti Mittal, Bharti Enterprises' vice-chairman and managing director has purchased a 1,200 sq yard property in Delhi's Shanti Niketan for around 85 crore according to two sources familiar with the deal.
On September 9, four different owners sold their shares of the plot to Mittal in a deal that was registered. The nearly 10,000 sq foot property was purchased for 7.5 lakh per sq yard and is located near consulates, the Lutyens zone, the airport, and major business districts.
Since the lockdown was lifted in May last year, there has been a flurry of high-value transactions in Lutyens' Delhi and South Delhi, with entrepreneurs and ultra-high-net-worth individuals (HNIs) looking for larger homes in Delhi's posh colonies.
Pradeep Prajapati, head of luxury residential services at IQI India told the media that HNIs prefer Shanti Niketan because it is closer to Lutyens Delhi and property here can be redeveloped because it is in South Delhi. Buyers can build up to four floors, which is not permitted in the Lutyens Delhi development.
Experts think that despite market fluctuations in other parts of Delhi, the scarcity of such properties available for outright sale near the Lutyens zone, combined with growing demand for such bungalows, will keep prices high.
Demand for ultra-luxury properties such as Vasant Kunj, Vasant Vihar, Golf Links, Sunder Nagar, and Shanti Niketan was strong last fiscal year, with 1,991 deals recorded compared to 1,780 in FY20.
JC Chaudhary, the founder of Aakash Educational Services Ltd, has made several recent transactions in South Delhi and Lutyens Delhi.
Sunil Vachani, chairman of Dixon Technologies, paid about 170 crore for a 1,250 sq yard bungalow in Golf Links.
Image Source
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
