4 days ago
Reliance Firm Buys Lutyens Delhi Bungalow for ₹350 Crore
A company connected to Reliance Industries bought a large home in central Delhi.
The home is on Prithviraj Road, in an area called the Lutyens Bungalow Zone.
The company paid ₹350 crore, not including taxes.
Singaporean businessman Bhupendra Modi confirmed the price and said he was the seller.
The deal was completed toward the end of July.
Reliance said employees visiting Delhi will use the property as a guest house.
The Lutyens area is highly protected and has many important government homes and offices.
Very few private bungalows are available there.
This limited supply has helped make the area especially expensive.
A Reliance Industries Limited firm bought a bungalow on Prithviraj Road in Lutyens Delhi for ₹350 crore, excluding taxes.
The transaction was finalized toward the end of July, according to the report.
Singaporean businessman Bhupendra Modi confirmed the property’s price and identified himself as the seller.
Reliance said the bungalow will be used as a guest house for employees traveling to Delhi.
Demand for properties in the Lutyens Bungalow Zone has increased amid extremely limited private-bungalow supply.
- Who
- A Reliance Industries Limited firm bought the property from Singaporean businessman Bhupendra Modi; the transaction was reported as involving Anant Ambani’s family office.
- What
- The company purchased a bungalow for ₹350 crore, excluding taxes.
- Where
- On Prithviraj Road in the Lutyens Bungalow Zone, central Delhi, India.
- When
- The transaction was finalized toward the end of July; the report was published on August 29, 2026.
- Why
- Reliance said the property will be used as a guest house for employees traveling to Delhi.
Key facts
- Buyer
- A firm of Reliance Industries Limited
- Property
- Bungalow on Prithviraj Road in Lutyens Delhi
- Price
- ₹350 crore, excluding taxes; the report also gives a value of $36.7 million
- Seller
- Bhupendra Modi, a Singaporean businessman
- Intended use
- Guest house for Reliance employees traveling to Delhi
- Deal timing
- Finalized toward the end of July
- Lutyens Bungalow Zone
- A 26-square-kilometer high-security area in central Delhi
Quotes
Reliance spokesperson
Spokesperson for Reliance Industries Ltd.
“We have purchased the said property, and it will be used as guest house for our employees travelling to Delhi.”
thehindubusinessline.com
Sources
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