Nehru’s First Official Residence Sells for ₹1,100 Crore
The historic residence of former Prime Minister Jawaharlal Nehru, located at 17 York Road (now Motilal Nehru Marg) in the Lutyens’ Bungalow Zone (LBZ), is expected to have a new owner soon, marking a significant transaction in India’s real estate market, according to sources familiar with the negotiations. The asking price for the expansive 14,973 square-meter estate was ₹1,400 crore, but a prominent businessman in the domestic beverage sector has reportedly agreed to purchase it for around ₹1,100 crore. A prominent law firm has issued a public announcement as part of the final due diligence process. “Our client intends to…