New Delhi, 11 February 2026: In one of the most high-profile residential real estate transactions in recent memory, Maharaja Manujendra Shah of Tehri Garhwal is set to sell his 3.2-acre bungalow on Bhagwan Das Road in the iconic Lutyens’ Bungalow Zone (LBZ) of New Delhi for approximately ₹1,000 crore. The deal, which industry sources say is in advanced stages of finalisation, underscores the sustained appeal of ultra-prime property in India’s capital.
According to people familiar with the matter, the buyer is a well-established entrepreneur from the food and beverage sector, who already has a significant presence in the LBZ and is reportedly in the final stages of acquiring another marquee address, the first official residence of India’s first Prime Minister, Jawaharlal Nehru for more than ₹1,100 crore.
Strategic Asset in Delhi’s Most Exclusive Enclave
The property at 5, Bhagwan Dass Road measures about 12,950 square metres (3.2 acres), a significant land parcel in central Delhi’s most restricted residential precinct. A leading law firm has issued a public notice on behalf of the prospective buyer as part of standard title verification and due-diligence procedures, marking a key step toward closing the transaction
Industry analysts describe such acquisitions as “trophy asset purchases”, primarily driven by a combination of scarcity, long-term value perception and the prestige associated with LBZ addresses. They note that only a limited cohort of ultra-high-net-worth individuals typically participate in deals of this scale and nature.
Core Deal Metrics for the Industry
Asset Size: ~12,950 sq. m. (3.2 Acres).
Price Realization: Approx. ₹7.72 lakh per sq. yard.
Transaction Status: Advanced stages; public notice for title verification issued by a top-tier law firm.
Scarcity Factor: With strictly regulated FSI and limited freehold private land in the LBZ, such 3-acre+ parcels are virtually extinct on the open market.
Comparative Context: Record and Landmark Deals
The potential closure of the Bhagwan Das Road sale follows a series of landmark property deals in Lutyens’ Delhi, reinforcing the area’s status as India’s most valuable residential market:
- Jawaharlal Nehru’s former official residence, located on Motilal Nehru Marg, was reported to be sold for approximately ₹1,100 crore, potentially becoming India’s most expensive residential property sale.
- Earlier high-value transactions in the broader prime Delhi market include several luxury bungalow sales ranging from ₹200 crore to ₹450 crore in recent years, reflecting strong sustained demand for limited-supply luxury properties.
.png)