RateGain's founder buys bungalow in Delhi's Golf Links for Rs 127.5 crore

RateGain’s founder buys bungalow in Delhi’s Golf Links for Rs 127.5 crore

RateGain founder Bhanu Chopra has bought an 850 sq m bungalow at Delhi’s Golf Links for Rs
127.5 crore, three people aware of the development said.
RateGain is a global provider of SaaS solutions for the travel and hospitality sectors.
According to registry documents accessed by Zapkey(dot)com, the property was registered on
February 24 in the names of Bhanu Chopra and Megha Chopra, and they paid Rs 6.79 crore in
stamp duty for the transaction.

With the purchase, Chopra joins the ranks of several corporate leaders who have bought
properties in posh Delhi areas.
“Golf Links has witnessed multiple transactions in recent times, with HNIs preferring the area.
The low availability of bungalows has kept the price in check,” said one of the people quoted
above.
RateGain declined to comment on the deal.
Recently, Maxop Engineering director ShaileshArora purchased a 575 sq yard bungalow in Golf
Links for Rs 68.5 crore.
Earlier, Pawan Agarwal, deputy managing director of DB Group (Dainik Bhaskar), bought a 575
sq yard bungalow in the same area for Rs75 crore.
Sunil Vachani, chairman of Dixon Technologies, and Vishwavir Ahuja, former chairman and
managing director of RBL Bank, are among those who have bought bungalows in Golf Links
after the pandemic.
Over 75% of high net worth and ultra high net worth individuals believe real estate will do well
over the next two to three years, and a similar percentage (74%), consider real estate an
important asset to hedge against inflation, according to the annual Luxury Outlook Survey 2023
by India Sotheby’s International Realty (ISIR).
Real estate continues to remain an attractive investment option, with 61% of HNIs and
UHNIslooking to buy real estate in 2023-24. High-rise apartments (34%), closely followed by
farmhouses and vacation homes (30%), are among the most preferred by affluent investors.
Rent yielding commercial real estate is also in demand, as 23% of the HNI respondents said
they would like to invest in it.
In 2020, 16 bungalows were sold in Golf Links, the most in a year in recent times, as the
pandemic increased demand for ultra-luxury properties with open spaces. The gated colony,
abutting the main golf course in the heart of Delhi, is also near several hotspots in the capital.