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Vasudha Rohatgiex wife Attorney General of India mukul rohatgihas bought a 2,100 sq. yard bungalow in Delhi golf links 160 crore, documents accessed by ET showed.
The family has paid stamp duty of Rs 6.4 crore for the property, which was registered on February 23.
With the purchase, Rohatgi has joined the ranks of several corporate leaders who have bought property in posh areas of Delhi.
Golf Links has emerged as a special favorite of HNIs. The prices have remained stable due to negligible availability.
When contacted over phone, Mukul Rohatgi declined to comment on the deal.
Last year, former Solicitor General of India Gopal Subramaniam bought a sprawling 866-sq-yard bungalow in Lutyens’ Delhi’s Sunder Nagar area for Rs 85 crore.
Recently, Bhanu Chopra, founder of RateGain, bought an 850 sq m bungalow in Delhi’s Golf Links for Rs 127.5 crore.
Pradeep Prajapati said, “The demand for high-value properties remains, and several transactions have proved this. There is no impact of inflation or recession, and we see demand growth due to the gap between demand and supply. Will keep watching.” , a luxury-segment real estate consultant.
Earlier, Shailesh Arora, director of Maxop Engineering, had bought a 575-sq yard bungalow in Golf Links for Rs 68.5 crore. Pawan Agarwal, deputy managing director of DB Group (Dainik Bhaskar), also bought a 575-sq-yard bungalow in the same area for Rs 75 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.
More than 75% of high-net-worth and ultra-high-net-worth individuals believe that real estate will do well over the next two to three years, and a similar percentage (74%) of respondents consider real estate as a hedge. considered an important asset. against inflation, according to the annual Luxury Outlook Survey 2023 by India Sotheby’s International Realty (ISIR).
Real estate continues to be an attractive investment option, with 61% HNIs and UHNIs looking to buy real estate in 2023-24. High-rise apartments (34%), followed by farmhouses and holiday homes (30%), are most preferred by affluent investors. Commercial real estate for rent is also in demand, as 23% of HNI respondents said they would like to invest in it.
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