NEW DELHI: Sasidhar Chinta and Lakshmi Priyadarshini Chinta from the Hyderabad-based conglomerate Vishwa Samudra Group have acquired an 883-square meter bungalow in Jor Bagh, Delhi, for ₹140 crore, as per official documents.
The sale deed was registered in June, and the executives paid ₹8.96 crore in stamp duty. The Vishwa Samudra Group is a multinational conglomerate involved in engineering and infrastructure.
The group has not responded to RealtyDailyNews’s email inquiry.
The property was owned jointly, requiring signatures from 10 representatives on the seller’s side.
This transaction contributes to an ongoing trend of high-value deals in the Lutyens’ Bungalow Zone (LBZ), highlighting a sustained demand for premium properties in India’s elite neighborhoods. Recently, several transactions exceeding ₹100 crore have occurred in LBZ and South Delhi.
“Lutyens Delhi remains highly sought after, attracting businesspersons from outside the region who are willing to pay premium prices for the prestigious address,” stated Pradeep Prajapati, founder of the boutique real estate consultancy Wealthvisory Capital.
Located in the core of India’s power center, LBZ covers 28 sq km and consists of approximately 3,000 bungalows predominantly occupied by ministers, judges, and senior government officials.
Around 600 properties in this area are privately owned by some of India’s wealthiest individuals.
