Endurance Technologies Managing Director Acquires ₹130 Crore Bungalow in Delhi

India’s luxury real estate market is flourishing, with record-breaking property deals making headlines. One of the biggest transactions of the year saw Anurang Jain, Managing Director of Endurance Technologies, buy a massive 1,350-square-yard bungalow on New Delhi’s exclusive Kautilya Marg for ₹130 crore. As per CRE Matrix, a real estate data analytics firm, the deal also included a hefty stamp duty payment of ₹8.32 crore, making it one of the most expensive residential deals in the city.

In the past, Jain has made other high-value real estate investments. In July 2020, he purchased two 6,371-square-foot flats on Mumbai’s prestigious Carmichael Road for ₹100 crore.

Endurance Technologies, a leading company in India’s auto parts industry, is one of the country’s largest firms. With a net worth of USD 1.3 billion, Jain's purchase underscores the increasing trend of business owners and top executives investing in high-value properties.

For instance, another major deal involved Rishi Parti, a director at Info-X Software Technology, who bought a 16,000-square-foot penthouse in Gurugram’s luxury DLF The Camellias for ₹190 crore. This sale is one of the highest-priced apartment deals ever in India, showing the increasing demand for luxury real estate.

In a similar move, Sunil Vachani, Chairman of Dixon Technologies, purchased a 1,250-square-yard bungalow in Golf Links, New Delhi, for ₹170 crore in January 2021.

“The demand for premium properties in New Delhi is still strong,” said Pradeep Prajapati, founder of Wealthvision Capital. “With limited supply, buyers are willing to wait for the right opportunity, and more high-value deals are expected to be completed soon.”

This surge in high-end property transactions is not just happening in Delhi and Gurugram. In 2023, 58 ultra-luxury homes above ₹40 crore were sold in cities like Delhi, Mumbai, and Hyderabad, nearly five times more than in 2022.

“These sales show that business leaders, industrialists, and top executives are increasingly investing in luxury properties,” Prajapati added. “Luxury homes are not just a place to live but also a valuable long-term investment.”

Experts expect this trend to continue in 2024, driven by India’s growing economy and a demand for exclusive properties with top-notch amenities and prime locations. Whether it’s a large bungalow in Lutyens’ Delhi or a penthouse in Mumbai or Gurugram, India’s luxury real estate market remains strong and continues to attract the wealthiest buyers.

With more high-value deals expected, the luxury property market in India is not only stable but also thriving.

Anurang Jain, The Managing Director

Anurang Jain, the managing director of Endurance Technologies, is a well-known figure in India’s auto components industry. He is the nephew of the late motorcycle tycoon Rahul Bajaj, famous for his role in Bajaj Auto. Anurang took over Endurance Technologies, a company started by his father in 1985 to supply aluminum parts to Bajaj Auto. Today, he owns a majority stake in Endurance Technologies, which supplies parts for two-wheelers, three-wheelers, and cars in India and Europe. The company operates 18 factories in India and 9 in Europe. Anurang’s twin brother, Tarang Jain, runs a similar business called Varroc Engineering. Their father, Naresh Chandra, chaired both companies before retiring in 2020.

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