In a remarkable property deal, a luxurious bungalow located in Delhi's Lutyens Zone is set to change hands for approximately ₹1,000 crores. The property, situated at 5, Bhagwan Das Road, is owned by Maharaja Manujendra Shah of Tehri Garhwal, who has reportedly agreed to sell it to a local businessman involved in the food and beverage industry. This transaction highlights the vibrant real estate market in one of India's most coveted urban locales, known for its historical significance and high-profile residents.

Notably, this bungalow is the second significant property acquisition for the buyer, who previously struck a deal for former Prime Minister Jawaharlal Nehru’s official residence, securing it for over ₹1,100 crores. The uniqueness of these estates, classified as 'trophy estates,' underscores their rarity and desirability, often linked to their location and historical essence. The extravagant price tag reflects both the current market dynamics and the enduring allure of prime real estate in pivotal urban zones.

As the identity of the buyer remains undisclosed, this high-profile property exchange raises questions about the future of luxury real estate transactions in India, particularly in regions synonymous with political and social history. Additionally, the growing interest from businessmen in acquiring such landmark properties may spark a trend that aligns investment opportunities with cultural heritage, potentially reshaping the landscape of urban residential ownership in the coming years.