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Real Estate
CIO Bulletin
03 October, 2025
Dua Associates guides twin transactions worth over ₹400 crore, including one of the capital’s biggest property sales of 2025.
Dua Associates has successfully advised the Alwar royal family in two high-value real estate transactions in Delhi’s coveted Lutyens Bungalow Zone (LBZ), underscoring the enduring allure of one of India’s most exclusive residential enclaves.
The deals were executed on behalf of Maharaj Kumar Yashwant Singh Sahib of Alwar, with a team led by Partners Salil Gulati and Sahil Dhawan, supported by Principal Associate Kapil Saxena and real estate expert Narinder Mohan.
In the first leg, Yashwant Singh purchased a 704.4-square-yard bungalow in Golf Links for ₹100 crore. Dua Associates managed the legal due diligence, structuring, documentation, and regulatory approvals, along with guiding the payment of over ₹8 crore in stamp duty, registration fees, and corporation tax. The seller, Anu Jindal of DLF’s “The Camellia,” was represented by Savills India.
The second leg saw the sale of the Alwar royal family’s 3,540-square-yard bungalow on APJ Abdul Kalam Road (formerly Aurangzeb Road) for ₹310 crore. The buyer, Gentex Merchants Pvt. Ltd., associated with steel tycoon Lakshmi Mittal, paid nearly ₹25 crore in statutory charges. The transaction was executed under the guidance of the late Shashivansh Bahadur.
Together, the twin deals not only highlight the evolving lifestylechoices of India’s erstwhile royals but also reaffirm the unmatched prestige and soaring valuations of LBZ estates, which continue to set benchmarks in Delhi’s luxury property market.