Lakshmi Mittal-Linked Firm Acquires ₹310 Crore Lutyens’ Delhi Bungalow — This Year’s Biggest Real Estate Deal

Gentex Merchants Pvt Ltd, associated with Lakshmi Mittal, buys a 3,540 sq yd bungalow on APJ Abdul Kalam Road (Lutyens’ Delhi) for ₹310 crore — the costliest property transaction of 2025 in Delhi.

The Fortune Realty Group

9/30/20252 min read

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Lakshmi Mittal-Linked Firm Acquires ₹310 Crore Lutyens’ Delhi Bungalow — This Year’s Biggest Real Estate Deal

Gentex Merchants Pvt Ltd, associated with Lakshmi Mittal, buys a 3,540 sq yd bungalow on APJ Abdul Kalam Road (Lutyens’ Delhi) for ₹310 crore — the costliest property transaction of 2025 in Delhi.

The Lutyens’ Delhi real estate market, known for its ultra-luxury bungalows, has witnessed the biggest transaction of 2025 so far. Gentex Merchants Pvt Ltd, a company linked to billionaire steel magnate Lakshmi Mittal, has purchased a sprawling 3,540 square yard bungalow on APJ Abdul Kalam Road (formerly Aurangzeb Road) for a massive ₹310 crore.

This deal cements Delhi’s status as one of the most expensive real estate markets in the world, with bungalow prices in Lutyens’ Delhi surpassing those in several global luxury hotspots.

Delhi’s Luxury Property Market Breaks Another Record

  • Prime Location Advantage: The property lies in the heart of Lutyens’ Bungalow Zone (LBZ), one of the most secure and exclusive addresses in India.

  • Record-Breaking Value: At ₹310 crore, this is Delhi’s biggest real estate deal of 2025, highlighting the unmatched demand for heritage bungalows in central Delhi.

  • Ultra-Premium Market Segment: While luxury apartments in Gurugram and South Delhi are growing in popularity, Lutyens’ Delhi bungalows remain the gold standard for billionaires, politicians, and global business tycoons.

Why This Deal Matters

Despite rising prices in markets like Gurgaon luxury flats, Golf Course Road penthouses, and South Delhi farmhouses, Lutyens’ Delhi remains in a league of its own. With limited supply, strict zoning regulations, and historical significance, every transaction here sets a new benchmark for Delhi’s luxury real estate.

The Growing Allure of Lutyens’ Delhi

For HNIs and UHNWIs, this deal signals a strong vote of confidence in Delhi’s ultra-luxury property market. While Gurugram and Noida are witnessing rapid vertical growth with luxury apartments, heritage bungalows in Lutyens’ Delhi continue to be rare, appreciating assets — often outpacing other segments in ROI.

What It Means for High-Net-Worth Investors

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