Delhi’s Golf Links Property Sold for ₹100 Crore Amid High Lutyens’ Bungalow Zone Demand

A bungalow in Delhi’s Golf Links area has been sold for ₹100 crore, reflecting continued interest in high-value real estate transactions in the Lutyens Bungalow Zone (LBZ). Property registration documents accessed via CRE Matrix show that Yashwant Singh, identified as a member of a royal family from Rajasthan, is the buyer in the latest deal.

The transaction was registered on June 12, 2025. The documents state that Singh paid ₹7 crore in stamp duty and corporation tax. His address is listed as APJ Abdul Kalam Road in central Delhi. The seller of the property is Anu Jindal, who resides at The Camellias in Gurugram, according to the records.

The bungalow, located in the central Delhi enclave of Golf Links, covers a land area of 588.97 square metres and has a built-up area of 867.33 square metres. The structure comprises a basement, ground and first floors, a terrace room (barsati), and servant quarters. The sale has been recorded without public comment from either party.

Supply Constraints Continue in Core Zone

Golf Links is among a limited number of residential enclaves that fall under the Lutyens Bungalow Zone. Known for its planning restrictions and zoning norms, the LBZ includes areas such as Prithviraj Road, parts of Sunder Nagar, and sections near Bengali Market. Construction in these areas is governed by floor-area-ratio, height, and reconstruction controls due to heritage classification.

Property consultants note that despite these constraints, the zone remains one of the most sought-after for private residential transactions. Analysts tracking Delhi’s high-end property market said that demand in LBZ areas continues to exceed the available supply.

According to market observers, many owners in the LBZ are considering asset monetisation for generational transition or capital reallocation. However, the number of listed properties remains low, which has supported prices in the ₹100 crore and above range.

Not the Only Deal in Recent Months

This is not the only significant transaction recorded in Golf Links in 2025. In February, Sanjay Kukreja, Chief Investment Officer at ChrysCapital Management, and his wife Shaveta Sharma, CEO of Central Square Foundation, bought a bungalow in the same locality for ₹155 crore from Pradeep Varma. Varma, in turn, purchased another Golf Links bungalow for ₹78.50 crore, as per records accessed via CRE Matrix.

In previous years, Golf Links has seen several transactions crossing the ₹100 crore mark. In 2023, Vasudha Rohatgi, wife of former Attorney General Mukul Rohatgi, purchased a 2,160-square-yard property for ₹160 crore. That same year, Bhanu Chopra, founder of RateGain, acquired a bungalow in the same area for ₹127.5 crore.

In 2021, Sunil Vachani, Chairman of Dixon Technologies, bought a 1,250-square-yard property for ₹170 crore. The deal, recorded without brokerage involvement, remains one of the highest-value residential transactions in the area.

Despite stringent planning norms and no provision for large-scale redevelopment, transactions in the LBZ continue to draw interest from a select group of buyers. The demand is sustained by the area’s limited availability, central location, and regulatory certainty. As per experts, the Golf Links micro-market, in particular, continues to attract buyers prepared to wait for opportunities to acquire standalone homes with long-term capital value.

Image source- thehindu.com