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In one of the most significant luxury real estate transactions in India, Jawaharlal Nehru's first official residence on Motilal Nehru Marg has reportedly been sold for around ₹1,100 crore. Located in the prestigious Lutyens' Bungalow Zone (LBZ) in New Delhi, the property stands as both a symbol of India’s political legacy and one of the costliest private residential deals in the country.
Historical Significance of the Property
The bungalow at 17 York Road (now Motilal Nehru Marg) served as Jawaharlal Nehru's first official residence after he became India’s first Prime Minister in 1947. Beyond its architectural value, the property carries immense cultural and historical weight. It witnessed some of the earliest moments of independent India’s governance and is closely tied to the legacy of Nehru, who played a pivotal role in shaping modern India.
Owning such a property is not just about real estate; it represents a slice of history. For buyers in the ultra-luxury market, heritage and legacy add layers of exclusivity far beyond the physical land and construction.
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Details of the Deal
According to people familiar with the matter, the 14,973 sq m property was owned by Raj Kumari Kackar and Bina Rani, members of an erstwhile royal family from Rajasthan. The sellers were reportedly asking ₹1,400 crore, but the deal was finalized at about ₹1,100 crore.
The buyer is said to be a leading businessman from the beverage industry, marking yet another example of India’s industrial elite diversifying into premium real estate assets. A top law firm has already issued a public notice as part of the due diligence process, signaling the transaction is in its final stages.
Property Features and Location
Spread across 3.7 acres, the estate offers approximately 24,000 sq ft of built-up space. Its location in the Lutyens' Bungalow Zone (LBZ) makes it one of the most exclusive and sought-after addresses in India.
The LBZ, designed by British architect Edwin Lutyens between 1912 and 1930, is often described as the heart of India’s power corridor. It spans 28 sq km and is home to ministers, judges, senior bureaucrats, and some of the country’s wealthiest private owners. Of the nearly 3,000 bungalows in LBZ, about 600 remain in private hands, making properties like Jawaharlal Nehru's first official residence exceptionally rare.
Market Impact and Exclusivity
This deal reinforces the dominance of LBZ as India’s most prestigious residential enclave. With property values in the zone already among the highest in the country, the sale of Jawaharlal Nehru's first official residence further raises the bar for ultra-luxury real estate in New Delhi.
Only a handful of billionaires can afford such prime assets, and transactions in this category are often more about legacy, social status, and exclusivity than financial return. Compared to other high-value sales in Delhi’s premium enclaves, this deal stands out as one of the largest in sheer scale and historical importance.
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Broader Real Estate Context
The sale highlights a growing trend in India’s luxury housing market: a rising appetite for properties that combine exclusivity with heritage value. While modern luxury apartments and villas are in high demand, estates like Jawaharlal Nehru's first official residence offer something intangible a legacy connection.
In recent years, LBZ properties have consistently attracted record valuations despite limited availability. With only a few hundred private holdings in the zone, each sale contributes to the tightening of supply and rising demand from India’s wealthiest families and business leaders.
Conclusion
The ₹1,100 crore sale of Jawaharlal Nehru's first official residence at Motilal Nehru Marg is not just a property deal ,it’s the transfer of a historic landmark into private ownership. As one of the most expensive residential transactions in India, it underscores the enduring value of LBZ properties and the growing strength of the country’s ultra-luxury real estate market.
For buyers, the acquisition is more than an investment; it is a piece of India’s political and cultural heritage. For the market, it sets a new benchmark for high-value real estate, reflecting both the exclusivity of LBZ and the rising demand for properties that carry a legacy of history.
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Ans 1. It is located on Motilal Nehru Marg in New Delhi, within the prestigious Lutyens’ Bungalow Zone (LBZ).
Ans 2. The bungalow was reportedly sold for around ₹1,100 crore.
Ans 3. The estate was owned by Raj Kumari Kackar and Bina Rani, members of an erstwhile royal family from Rajasthan.
Ans 4. The buyer is said to be a leading businessman from the beverage industry, though the identity has not been publicly disclosed.
Ans 5. The estate spans 3.7 acres and has approximately 24,000 sq ft of built-up space.
Ans 6. It was Jawaharlal Nehru’s first official residence after becoming India’s first Prime Minister in 1947, making it a site of immense political and cultural legacy.
Ans 7. LBZ is a 28 sq km area in New Delhi designed by British architect Edwin Lutyens. It houses ministers, senior officials, and some of India’s wealthiest private homeowners.
Ans 8. This transaction sets a new benchmark for ultra-luxury residential deals, highlighting the high demand and limited supply for heritage properties in LBZ.
Ans 9. Out of nearly 3,000 bungalows in LBZ, about 600 are privately owned, making such transactions extremely rare and exclusive.
Ans 10. Apart from land and construction, buyers value historical significance, legacy, exclusivity, and social status associated with LBZ properties.
Ans 11. While one of the highest-value private residential deals, it is among the top-tier transactions in India’s ultra-luxury real estate segment.
Ans 12. It reflects a growing appetite for heritage and exclusive properties, with limited supply continuing to drive record valuations in prime locations like LBZ.