A luxurious bungalow at Delhi's iconic Lutyens Bungalow Zone (LBZ) has been sold at a staggering Rs 310 crore (approximately $3.1 billion) deal in a record-breaking transaction, keeping Delhi's prime real estate's stakes high. While Lutyen's Delhi have all he premium property and is expensive in itself, but this luxurious Bungalow is located at Lutyens' Delhi's expensive area, that is, Delhi's APJ Abdul Kalam Road.

Who is the buyer?

Mumbai-based Gentex Merchants Private Limited, a company linked to steel tycoon Lakshmi Mittal has purchased the Bungalow in a staggering deal of Rs 310 crore. According to reports, the bungalow was registered in June, with stamp duty of approximately Rs 22 crore (approximately $2.2 billion). Surya Kumar Kanodia is one of the directors of Gentex Merch

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