Arjun Sharma, co-founder of Delhi’s Select City Walk mall and now a non-executive director at Nexus Select Trust, has acquired an extensive bungalow in South Delhi’s West End for ₹125 crore, according to exclusive documents from the data analytics firm CRE Matrix.
Sharma purchased the property through Select World Tours, where he serves as director.
Documents indicate that Sharma has paid ₹8.75 crore in stamp duty for this transaction.
“West End remains highly desirable as there are only about 100 bungalows, and sales are rare. The colony has A, B, and C sections, each with distinct plot sizes. Being in South Delhi allows for construction work, which is not feasible in Lutyens’ Delhi,” said Rohit Chopra, founder of Southdelhiprime.com, a consultancy firm.
Sharma also holds a position as an Independent Director on the board of Sandhar Technologies Limited, a publicly listed company. He has extensive experience in tourism and hospitality, having led businesses like Heritage Village Resort & Spa in Gurgaon and Goa, Sita Travels (now part of Thomas Cook), and Le Passage to India (now owned by TUI).
“South Delhi is witnessing a surge in transactions among HNIs due to a scarcity of clearly titled properties. Numerous deals are underway and are expected to be completed this financial year,” stated Pradeep Prajapati, founder of the real estate consultancy firm Wealthvisory Capital.
Select City Walk is now a part of India’s first retail REIT backed by Blackstone Group.
According to an annual luxury residential outlook survey by India Sotheby’s International Realty (ISIR), nearly half of the respondents expect real estate investments to yield returns between 12% and 18%, while 38% anticipate returns below 12%.
The survey showed a decrease in optimism from 79% in 2024 to 71% in 2025. However, many HNIs and UHNIs believe India will remain the fastest-growing major economy, with GDP growth estimated between 6% and 6.5%.
Increased redevelopment activities, a rise in luxury housing preferences, and bolstered buyer confidence in the Delhi real estate market have led to a 12-17% increase in average prices of independent floors in South Delhi across Categories A and B in the third quarter of 2025.
Experts note that demand for luxury apartments with modern amenities has spurred plot acquisitions in prime South Delhi. Builders are increasingly purchasing older properties, constructing four floors, and selling them separately.
