Archive · 25 Sep 2025
Lakshmi Mittal-Linked Firm Buys Delhi Bungalow for Rs 310 Crore
A company connected to steel magnate Lakshmi Mittal bought a very expensive house (a bungalow) in a fancy part of Delhi called Lutyens' Delhi.
The company paid a large sum of money, 310 crore rupees, making it one of the most expensive property deals in Delhi in 2025.
The house is quite large, and it used to belong to a royal family.
This purchase is part of a trend of wealthy people and businesses buying expensive properties in this area of Delhi.
Gentex Merchants Pvt Ltd, linked to Lakshmi Mittal, purchased a bungalow in Delhi.
The property is located on APJ Abdul Kalam Road and cost Rs 310 crore.
The transaction was registered in June 2025 and involved a stamp duty of Rs 21.70 crore.
The bungalow spans 3,540 square yards and was built in 1930.
The area, Lutyens' Delhi, is known for high-value real estate deals.
- Who
- Gentex Merchants Pvt Ltd, linked to Lakshmi Mittal, purchased the property.
- What
- Gentex Merchants Pvt Ltd bought a bungalow in Lutyens’ Delhi.
- When
- The deal was registered in June 2025.
- Where
- APJ Abdul Kalam Road (formerly Aurangzeb Road), Delhi.
- Why
- The purchase is part of high-value real estate transactions in Lutyens’ Delhi.
- Buyer
- Gentex Merchants Pvt Ltd (linked to Lakshmi Mittal)
- Property
- Bungalow on APJ Abdul Kalam Road, Delhi
- Price
- Rs 310 crore
- Area
- 3,540 square yards
- Stamp Duty
- Rs 21.70 crore
- Previous Owner
- Royal family of Alwar
- Year Built
- 1930