In what is being described as India’s most expensive residential property transaction, a colonial-era bungalow in Delhi’s prestigious Lutyens’ zone — once the first official residence of former Prime Minister of India Jawaharlal Nehru — has been sold for a staggering ₹1,100 crore. The deal has electrified the capital’s property market, both for its record-setting value and the intrigue over the buyer’s identity.&nbsp;The residence, located at 1 York Road (now 17 Motilal Nehru Marg), was occupied by India’s first Prime Minister before he shifted to Teen Murti Bhavan in 1948. With sweeping lawns, classic architecture, and a prized location in the heart of the power capital, the bungalow embodies not only luxury but also a vital chapter in India’s modern political history.Despite the grandeur, market insiders point out that the deal closed at nearly a 20% markdown from its originally quoted price. Even so, it has surpassed every previous high-profile residential sale in both Delhi and Mumbai, underscoring the exceptional value attached to properties in Lutyens’ Delhi.&nbsp;Also Read: <a href="https://www.wionews.com/trending/scientist-says-humans-will-have-to-build-noah-s-ark-to-escape-extinction-fail-to-discover-1756899348625">Scientist says humans will have to build 'Noah's Ark' to escape extinction — 'Fail to discover...'</a><h2>Who are the current owners?</h2>The property is presently owned by Rajkumari Kakkar and Bina Rani, members of a royal family from Rajasthan. A prominent law firm handling the transaction has issued a public notice, clarifying the ownership and inviting claims. The notice said that any individual or entity with a legal right or stake in the bungalow must submit supporting documents within seven days, failing which it will be assumed no competing claims exist.&nbsp;Brokers say the purchase is a sign of how ultra-wealthy buyers are increasingly redirecting investments towards legacy-rich Indian assets rather than foreign holdings. “This is not just a property deal — it is about acquiring history and heritage,” remarked a senior real estate consultant aware of the development. While speculation abounds about who the eventual buyer might be — with reports ranging from powerful business houses to global investors — no official confirmation has surfaced. For now, the identity remains as closely guarded as the deal itself.

Jawaharlal Nehru’s first Delhi residence sold for record ₹1,100 crore in India's biggest home deal

In what is being described as India’s most expensive residential property transaction, a colonial-era bungalow in Delhi’s prestigious Lutyens’ zone — once the first official residence of former Prime Minister of India Jawaharlal Nehru — has been sold for a staggering ₹1,100 crore. The deal has electrified the capital’s property market, both for its record-setting value and the intrigue over the buyer’s identity. The residence, located at 1 York Road (now 17 Motilal Nehru Marg), was occupied by India’s first Prime Minister before he shifted to Teen Murti Bhavan in 1948. With sweeping lawns, classic architecture, and a prized location in the heart of the power capital, the bungalow embodies not only luxury but also a vital chapter in India’s modern political history. Despite the grandeur, market insiders point out that the deal closed at nearly a 20% markdown from its originally quoted price. Even so, it has surpassed every previous high-profile residential sale in both Delhi and Mumbai, underscoring the exceptional value attached to properties in Lutyens’ Delhi. Also Read: Scientist says humans will have to build 'Noah's Ark' to escape extinction — 'Fail to discover...' Who are the current owners? The property is presently owned by Rajkumari Kakkar and Bina Rani, members of a royal family from Rajasthan. A prominent law firm handling the transaction has issued a public notice, clarifying the ownership and inviting claims. The notice said that any individual or entity with a legal right or stake in the bungalow must submit supporting documents within seven days, failing which it will be assumed no competing claims exist. Brokers say the purchase is a sign of how ultra-wealthy buyers are increasingly redirecting investments towards legacy-rich Indian assets rather than foreign holdings. “This is not just a property deal — it is about acquiring history and heritage,” remarked a senior real estate consultant aware of the development. While speculation abounds about who the eventual buyer might be — with reports ranging from powerful business houses to global investors — no official confirmation has surfaced. For now, the identity remains as closely guarded as the deal itself.

The residence, located at 1 York Road (now 17 Motilal Nehru Marg), was occupied by India’s first Prime Minister before he shifted to Teen Murti Bhavan in 1948

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Jawaharlal Nehru’s first Delhi residence sold for record ₹1,100 crore in India's biggest home deal