ChrysCapital Partner Sanjay Kukreja and Wife Acquire ₹155 Crore Bungalow in Delhi's Golf Links
ChrysCapital partner Sanjay Kukreja and his wife, Shaveta Sharma, CEO of Central Square Foundation, have made a significant real estate investment in New Delhi's exclusive Golf Links area. The couple recently purchased a 1,250-square-yard bungalow for ₹155 crore, continuing the trend of high-value transactions in this prestigious locality.
Documents accessed by CRE Matrix reveal that the buyers paid a stamp duty of ₹9.30 crore for the property deal. The bungalow, located in the Lutyens' Bungalow Zone (LBZ), spans 11,250 square feet, with a plinth area of 7,993 square feet. This area is renowned for its historical significance and architectural value, with strict regulations governing its development to preserve its heritage character. These regulations impose limitations on the height of buildings, the floor-area ratio, and the extent to which existing properties can be altered or reconstructed.
Golf Links has long been a sought-after neighborhood for high-net-worth individuals (HNWIs) and corporate leaders, thanks to its exclusivity and the scarcity of available properties. These factors contribute to the stability of property prices in the area, despite fluctuations in the broader real estate market. The recent sale to Kukreja and Sharma is just the latest in a series of premium property transactions in Golf Links, a trend that has continued in the wake of the COVID-19 pandemic.
In another major transaction, Vasudha Rohatgi, wife of former attorney general Mukul Rohatgi, purchased a 2,100-square-yard bungalow in the same neighborhood for ₹160 crore. This sale, along with Kukreja and Sharma's recent acquisition, highlights the sustained demand for luxury properties in Golf Links, a locality that consistently attracts top business and political figures.
The recent surge in interest from wealthy individuals in luxury real estate is evident across various parts of India. According to a Luxury Outlook Survey 2025 by India Sotheby’s International Realty (ISIR), nearly 62 percent of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWs) are looking to invest in luxury properties in the next 12 to 24 months. This is despite a significant rise in prices over the last two years and the challenges posed by subdued economic growth. The interest in Golf Links and other high-end neighborhoods reflects this trend, where the demand for exclusive properties remains robust.
Golf Links has witnessed a series of high-ticket transactions in recent years, particularly after the pandemic. Notable deals include Shailesh Arora, director of Maxop Engineering, who bought a 575-square-yard bungalow for ₹68.5 crore, and Pawan Agarwal, deputy managing director of DB Group, who acquired a similar-sized property for ₹75 crore. These high-value purchases are a testament to the enduring appeal of the area among the country’s wealthiest individuals.
Prominent business leaders have also been investing in Golf Links post-pandemic. Sunil Vachani, chairman of Dixon Technologies, and Vishwavir Ahuja, former chairman and managing director of RBL Bank, are among the notable figures who have made their mark in the area. These acquisitions further solidify Golf Links' reputation as a prime location for luxury real estate.
One of the significant recent transactions in the area occurred in February 2023, when Bhanu Chopra, founder of RateGain, bought a bungalow in Golf Links for ₹127.5 crore. This deal, along with others in the locality, underscores the continued attraction of Golf Links as a destination for luxury property investments.
As demand for luxury real estate grows, Golf Links continues to draw attention for its exclusivity, central location, and appeal among high-net-worth individuals. Recent high-profile purchases by Sanjay Kukreja and Shaveta Sharma reflect a broader trend, with the area poised to remain a preferred address for corporate leaders and influential buyers in Delhi.
