Shobha Aggarwal of Viney Equity buys bungalow in Delhi for Rs 80 crore

Shobha Aggarwal, partner at Viney Equity Market Llp, has bought a 1000-square-metre
bungalow in West End, South Delhi, for around Rs 80 crore, two people aware of the deal said.
The bungalow has been sold by Ashok Kumar Mehra of Mehrasons jeweller. Post the reopening
of registry offices earlier this month, South Delhi has seen spate of high value transactions.
Data accessed from Zapkey.com confirmed that registry happened on February 9.

“West End is a boutique colony of Delhi as it has less than 100 plots. As a result whenever any
property is up for sale, the buyer grab it,” said Rohit Chopra, founder of Southdelhiprime.com, a
real estate advisory and transaction firm.
Recently, KLJ Plasticizers, one of the largest manufacturers of plasticizers and polymer
compounds in South Asia, has bought a sprawling 2000-square-yard bungalow in Vasant Vihar,
South Delhi, for Rs. 111 crore.
The property has been sold by Birdie and Birdie realtors, a subsidiary of Fortis Healthcare, and
the buyer has paid Rs 6.66 crore as stamp duty to the state government.
South Delhi areas have emerged as preferred destinations for HNIs looking to build a bungalow
due to the availability of large plots and fewer restrictions compared to Lutyens’ Delhi.
Earlier, Anil Gupta, chairman and managing director of KEI Industries, a cable and wire
manufacturer, bought a 2000-square-yard property in Delhi’s Shanti Niketan for Rs. 140 crore.
“Many house owners have upgraded during pandemic and as a result we have seen increase in
number of sale of high-value property. In Delhi, the unique exigencies of the pandemic have
caused HNIs to become even more focused on securing independent homes in premium
locations, and sales traction for such assets has increased tremendously over the past few
months,” said Pradeep Prajapati, who deals in luxury real estate in South Delhi and Lutyens’
Delhi.
Anant Aggarwal, managing director at Viney Equity Market Llp confirmed the transaction to ET
saying the property has been bought for personal use and has been registered on the name of
his mother.
Earlier, Rajan Bharti Mittal, Vice Chairman and Managing Director of Bharti Enterprises, bought
a 1,200-square yard property at Delhi’s Shanti Niketan for around Rs 85 crore.
Last fiscal, demand for ultra-luxury properties in Vasant Kunj, Vasant Vihar, Golf Links, Sunder
Nagar, and Shanti Niketan was high, with 1,991 deals registered in the year compared with
1,780 in FY20.
Some of the latest transactions in South Delhi and Lutyens Delhi include those by JC
Chaudhary, the founder of Aakash Educational Services Ltd.
He bought a 5-acre farmhouse in South Delhi for Rs. 96 crore, and another bungalow in Vasant
Vihar.
The real estate sector has witnessed the positive impact of slashed stamp duty charges in
Maharashtra on the property markets of Mumbai and Pune, which suggests that the state
government’s decisions have a direct impact on the sector.