South Delhi Resident Secures Prime Sunder Nagar Bungalow Floors in ₹65 Crore Deal

A South Delhi resident has reportedly completed the purchase of premium portions of a sprawling bungalow in one of the capital's most exclusive neighborhoods, Sunder Nagar, for a combined investment of ₹65 crore, according to property registration documents accessed by real estate data analytics firm CRE Matrix.

The buyer, identified as Ashok Mittal, acquired two separate floors of the property, which sits on an 866 square yard land parcel in an area known for housing embassies, art galleries, and some of Delhi's highest-value real estate.

Transaction Details Across Two Premium Floors

The high-value acquisition covers two distinct levels of the bungalow, with property registration documents revealing specific details of each transaction.

The ground floor combined with basement levels reportedly spans 4,846.88 square feet and was purchased for ₹34 crore. The transaction, which was registered on October 31, 2025, included stamp duty payments amounting to ₹2.38 crore.

The first floor of the property, measuring 3,118.62 square feet, was acquired for ₹31 crore with stamp duty charges of ₹2.17 crore paid during registration.

Sunder Nagar's Position in Delhi's Luxury Market

The transaction underscores the continued strength of South Delhi's luxury real estate market, with Sunder Nagar maintaining its status as one of the capital's most tightly held and prestigious residential enclaves.

Industry observers note that the neighborhood has consistently witnessed ultra-high-value transactions, with limited supply driving sustained demand from wealthy buyers seeking trophy properties. According to local real estate brokers, a 900 square yard bungalow in the area reportedly sold for nearly ₹100 crore last year, while another property measuring 867 square yards recently commanded approximately ₹96 crore.

The latest acquisition positions itself within this tier of ultra-luxury residential investments that characterize the neighborhood's real estate landscape.

Market Context and Buyer Profile

While the buyer, Ashok Mittal, could not be reached for comment regarding the acquisition, the scale of the investment places him among a select group of individuals investing in Delhi's most exclusive residential properties.

Similar high-value transactions in South Delhi have been reported in recent months, including notable acquisitions in Panchsheel Park and other premium neighborhoods.

Real estate analysts suggest that such transactions reflect the resilience of India's luxury housing segment, with Delhi continuing to attract substantial investments from high-net-worth individuals. The city's position in global luxury home price growth rankings further underscores this trend.

The Sunder Nagar deal, with its significant investment outlay and prime location, reinforces the neighborhood's reputation as a coveted address where trophy homes are frequently passed down through generations and rarely enter the open market.

As Delhi's real estate market continues its upward trajectory, high-ticket acquisitions like this one are expected to remain a defining characteristic of the city's most prestigious residential pockets.

Disclaimer: The information provided in this article is based on property registration documents and industry reports. Readers are advised to conduct their own independent research and consult with qualified real estate professionals, legal advisors, and financial experts before making any property investment decisions. Market conditions, property values, and regulatory frameworks are subject to change. This article is for informational purposes only and should not be construed as investment advice or a recommendation to purchase property in any specific location.