A landmark transaction has shaken India’s real estate market: Jawaharlal Nehru’s first official residence at 17 York Road (now known as Motilal Nehru Marg) has reportedly been sold for an astounding ₹1,100 crore. This deal, involving one of Delhi’s most historic properties, has not only stunned property watchers but also sparked curiosity over the mystery buyer—believed to be a prominent businessman from India’s beverage industry.
The property is not just any bungalow. It was the first official residence of Pandit Jawaharlal Nehru, India’s first Prime Minister, after the country gained independence in 1947. Nehru stayed here before moving to Teen Murti Bhavan, which later became his more recognized residence.
This historic connection adds immense intangible value to the bungalow, making it a rare blend of political heritage and ultra-prime real estate.
The Deal That Shook Delhi
Sources close to the negotiations revealed that the property was initially listed at around ₹1,400 crore. However, after months of discussions, the parties agreed on a final figure of ₹1,100 crore—still making it one of the largest private real estate deals in India’s history.
The transaction is currently in its final stages, with a leading law firm handling the legal due diligence. The firm recently issued a public notice inviting anyone with claims on the property to come forward within seven days. If no disputes arise, the sale will be completed shortly.
Current Ownership
The current owners of the bungalow are Rajkumari Kakkar and Beena Rani, who trace their lineage to a royal family in Rajasthan. The family has held the property for decades but decided to sell given the soaring market value of land in Delhi’s Lutyens’ Bungalow Zone (LBZ).
The bungalow sits on a plot of 14,973 square meters (about 3.7 acres) and has a built-up area of nearly 24,000 square feet. In Lutyens’ Delhi, where land is scarce and highly protected, such a property is considered priceless.
Who Is the Buyer?
While the name has not been disclosed, real estate insiders suggest the buyer is a leading figure in the beverage industry—possibly connected to liquor, bottled drinks, or packaged beverages.
The law firm representing the buyer is reportedly one of Delhi’s top real estate legal advisors, emphasizing the seriousness and scale of the purchase.
Until the deal is formally registered, speculation will continue to swirl about the buyer’s exact identity.
