Nehru's First Official Bungalow Sold in Record ₹1,100 Crore Deal: A Historic Property Changes Hands

One of Delhi’s most iconic heritage properties, once home to India’s first Prime Minister Jawaharlal Nehru, has been sold in what is being called the most expensive real estate transaction in India’s history. The sprawling bungalow, located at 17 Motilal Nehru Marg (formerly York Road) in the heart of Lutyens’ Delhi, has been purchased by a prominent Indian businessman for around ₹1,100 crore.

A Property Steeped in History

This bungalow is not just any piece of real estate. It once served as the official residence of Jawaharlal Nehru during his early years as Prime Minister. Over time, it became an enduring symbol of India’s political and architectural legacy.

Spread across 14,973 square meters (approximately 3.7 acres), the property lies in the exclusive Lutyens Bungalow Zone (LBZ), designed between 1912 and 1930 by renowned British architect Edwin Lutyens. The LBZ is considered the most elite address in the capital, home to about 3,000 bungalows occupied mainly by Union ministers, senior judges, and top bureaucrats.

The Record-Breaking Deal

The initial asking price for the bungalow was reportedly around ₹1,400 crore. However, after negotiations, the deal was finalized at ₹1,100 crore, making it the most expensive property transaction recorded in the country.

The property includes a built-up area of nearly 24,000 square feet, surrounded by lush gardens and open spaces, typical of the grand design ethos of Lutyens’ Delhi.

The current owners, Rajkumari Kakkar and Beena Rani, are believed to be descendants of a Rajasthani royal family. The sale was facilitated through legal and financial intermediaries, with a leading law firm overseeing the transfer of ownership.

Who Bought the Bungalow?

While the buyer’s identity has not been publicly disclosed, reports suggest the new owner is a businessman from the beverage industry. The deal is in its final stages of legal clearance, after which the transfer will be officially completed.

The secrecy surrounding the buyer has only added to the intrigue around the deal. Real estate experts believe the acquisition is both a business investment and a statement of prestige, given the historical significance of the property.

Why Lutyens’ Delhi Is So Exclusive

Properties in Lutyens’ Delhi are among the most coveted and expensive in India due to their location, heritage value, and restricted availability. With strict building regulations and limited resale opportunities, real estate here is considered “trophy property.”

In fact, owning a bungalow in LBZ is often regarded as a symbol of influence and legacy. That is why each sale attracts national attention and record-breaking prices.

More Than Just a Property Transaction

This deal is not merely a high-value real estate exchange. It represents the transfer of a historical landmark associated with the life of Jawaharlal Nehru, the leader who shaped independent India’s early years.

For historians and heritage lovers, the sale evokes mixed emotions. While the property’s new ownership may bring restoration and preservation, it also marks the passing of a national relic into private hands.

Bottom Line

The sale of Nehru’s first official residence at ₹1,100 crore underscores both the soaring demand for luxury real estate in Delhi and the enduring charm of Lutyens’ heritage bungalows. As the new owner takes charge, this piece of India’s political history enters a new chapter—one where legacy, luxury, and heritage converge.