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Sources suggest that the property was initially listed for nearly ₹1,400 crore, but negotiations brought the final settlement down. The buyer is understood to be a prominent businessman from India’s beverage sector, though the identity has not been officially disclosed. A reputed law firm overseeing the deal has already issued a public notice asking anyone with claims to the property to step forward within seven days.
The current owners, Rajkumari Kakkar and Beena Rani, are connected to a royal lineage from Rajasthan. Spread across 14,973 square meters (approximately 3.7 acres), with a built-up area of nearly 24,000 square feet, the bungalow is among the most coveted private residences in Delhi.
Situated in the heart of LBZ — designed by British architect Edwin Lutyens in the early 20th century — the area is home to around 3,000 bungalows, most of which are government-occupied by ministers, judges, and top officials. About 600, however, remain in private hands, often owned by India’s wealthiest families.
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