Historic Royal Estate in Lutyens' Delhi Poised for Record ₹1,000 Crore Sale
In a move that could redefine luxury real estate in India, Maharaja Manujendra Shah of Tehri Garhwal, Uttarakhand, is reportedly in advanced negotiations to sell his majestic 3.2-acre estate located in the prestigious Lutyens' Bungalow Zone (LBZ) of New Delhi. The staggering asking price of ₹1,000 crore has captured the attention of the entire real estate industry, positioning this potential transaction as one of the most opulent residential property sales ever witnessed in the nation's capital.
While official confirmation from the Maharaja's office remains pending, multiple media outlets, including Magic Bricks, have indicated that discussions are actively underway. This development has sparked widespread intrigue, underscoring the rarity and significance of such a high-profile deal in Delhi's exclusive property market.
Five Fascinating Insights into This Royal Real Estate Saga
1. A Trophy Property with Unmatched Prestige
The property in question is the historic bungalow situated at 5 Bhagwan Das Road (Plot No. 5, Block No. 159), sprawling across an impressive 12,950 square metres, equivalent to 3.2 acres. Renowned globally as one of Delhi's most coveted residential addresses, this grand estate epitomizes the classic architectural elegance of Lutyens' Delhi. Originally designed in the early 20th century by the celebrated British architect Edwin Lutyens, the bungalow stands as a stunning testament to colonial-era craftsmanship and design.
2. An Iconic Location in an Exclusive Enclave
Lutyens' Delhi encompasses approximately 28 square kilometres and is home to around 3,000 bungalows, predominantly owned by affluent industrialists, former royalty, senior government officials, and diplomats. Properties in this zone rarely become available on the open market, making this potential sale an exceptionally rare and newsworthy event. The scarcity of such listings amplifies the allure and exclusivity associated with this prime real estate.
3. The Mysterious Buyer Behind the Deal
Although the identity of the prospective purchaser has not been publicly disclosed, media reports suggest that the buyer is a Delhi-based entrepreneur with a formidable presence in the food and beverage (F&B) industry. As part of the transaction process, a leading law firm representing the buyer has issued a public notice, inviting any individuals or entities with claims on the property to submit written proof. This is a standard procedural step in high-value real estate deals, aimed at ensuring clear titles and secure ownership transfer.
4. Royal Heritage Meets Modern Market Dynamics
This bungalow boasts a centuries-old legacy, deeply intertwined with the Tehri Garhwal royal family from the Himalayan kingdom. Maharaja Manujendra Shah, who has served as the family's head since 2007, has yet to release an official statement regarding the sale. Similarly, spokespeople from his office have not responded to requests for comment, adding an air of mystery to the proceedings.
5. A Landmark Transaction in Real Estate History
If finalized at the reported valuation of ₹1,000 crore, this sale would rank among the most expensive residential property transactions ever recorded in Lutyens' Delhi. It highlights the enduring appeal of prime residential properties in the capital, where historic legacy, prime location, and scarcity value converge to create one of India's most exclusive property narratives.
As negotiations progress, the real estate world remains fixated on this royal deal, eagerly awaiting further developments that could set a new benchmark for luxury property sales in India.
