There is a lot of debate about a bungalow not only in the capital, but in the country's most VVIP area 'Lootian Zone'. According to media reports, a businessman recently bought the bungalow for around Rs 1,100 crore. The deal is said to be the most expensive property deal in the country. It is worth knowing that this is the bungalow that was once the official home of the country's first Prime Minister Jawaharlal Nehru.
As you can tell, the bungalow located on '17 Motilal Nehru Marg '(formerly York Road) in Lutians Delhi is spread over 14,973 square meters (about 3.7 acres). This property was considered special for a long time because of its historical importance and magnificent location and now it has been made by a businessman in his own name.
The start of the bungalow, located in Motilal Nehru Marg (old 17 York Road), was priced at around Rs 1,400 crore but after negotiations, the deal has been completed at around Rs 1,100 crore.
The bungalow is located in the 'Lootians Bungalow Zone' (LBZ), which was designed by the British architect Edwin Lutians between 1912-1930. This is the most VIP area in Delhi.
According to the information available, Princess Kakkad and Bina Rani are the owners of this bungalow. Both of them belong to the royal family of Rajasthan. The notice states that, "Our client plot number 5, Block No. 14, 17, Motilal Nehru Marg, wants to buy residential property of 14,973.383 square meters at New Delhi. The current owners are investigating the ownership of Raj Kumari Kakkad and Bina Rani. If anyone has a claim on this property, he should inform us within 7 days with written documents."
As you can tell, the current owners of this heritage bungalow in Delhi are Princess Kakkad and Bina Rani, who are believed to belong to the royal family of Rajasthan. According to sources, this businessman is a big name in India's 'Beverage Industry'. Spread over 3.7 acres of land, the built-up part of this property is about 24,000 square feet.
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