Property In Lutyens Delhi
LBZ (Lutyens Bungalow Zone)
Leafy Lutyens Bungalow Zone is the heart of New Delhi, built by prominent architects of the day to house government officials. As on date the sprawling residences in this heritage marked area is covered by greenery are considered stature properties and leads the highest real estate prices not only in India but in the world. Most of Lutyens is still owned by the government. It happens very rarely that a Lutyen Property comes to the market for Sale and whenever that happens, They are bought quickly due to its never ending demand. In addition, High Net Worth Individuals never miss a chance to own a home in this green low density area.
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Around the century back, Lutyens Delhi was setup to cater the most important people of the country. Spread over 26 Square Kilometers, most of it is still in the hands of Government. Lutyens’ Delhi is a home of top politicians including the Prime Minister of India, HNI’s (High Net Worth Individuals) and leading industrialists of the country. There are nearly 950 Sprawling Bungalows, in the Lutyens Bungalow Zone which are privately owned.
In order to create development control norms, the Ministry of Urban Development constituted the ‘New Delhi Redevelopment Advisory Committee’ (NDRAC) in 1972, when the redevelopment of the areas around the walled city, north of Connaught Place and on Prithviraj Road was taken up. Thus the Lutyens Bungalow Zone (LBZ) was first notified in 1988 and later modified in 2003.
Location of Lutyen’s Delhi :
Roughly about 230 Acres –
- Golf Links – Stone throw distance from India Gate, Golf Course.
- Malcha Marg – Next to Golf Links
- Ferojshah Road, Prithviraj Road
- Sundar Nagar, Jor Bagh
- Babar Road, Amrita Shergill Marg, Aurangzeb Road
Around the great green expanse of the LBZ, is a thick swathe of green, a glacés of trees, and manicured lawns, and grand buildings, that protect and cushion LBZ from the swirl and swarm of Delhi’s crowded parts: on the west is the vast wooded area of the Delhi Ridge, adjoining the grand acres of the Presidential Estate; to the west and south is Nehru Park, the Race Course, the Air force station, the Delhi Gymkhana Club, Safdarjung Airport, Safdarjang Tomb, and the Diplomatic enclave; to the south is the Lodi Gardens, with its fabulous Lodhi era tombs, and remains; on the SE are great lavishly tended greens of Delhi Golf Club, with its Mughal era ruins; and beyond the Golf course, on the edge of the LBZ boundary is the green stretch of National Zoological Park, lakes, the Purana Qila, and the Humayun’s Tomb. The contiguous areas are lavished with as much care by the government as the LBZ. Those who can’t buy into the LBZ buy into the contiguous areas, like Jor Bagh, where property prices are almost as steep as in the LBZ.
Some of the notable business families living in the neighbourhood are as follows :
- Sunil Mittal (Airtel)
- The Burmans (Dabur Group)
- Jindals (industrialist-turned politician)
- Laxmi Mittal (Steel Magnate)
- KP Singh (DLF)
- CK Birla
- Shashi and Ravi Ruia
- Malvinder and Shivinder Singh
- Analjit Singh
- Atul Punj
- Hari Bhartia
The list goes on and on…as these are just handful of personalities out of 950 lutyen houses.
Some of the political residents living in the neighbourhood are as follows :
- Prime Minister of India
- The erstwhile Prime Minister Manmohan Singh
- Atal Bihari Vajpayee, Another erstwhile Prime Minister
Architect - Sir Edwin Landseer Lutyens
Properties in Lutyens Delhi :
Duplex Property in Chanakyapuri, 5 Bedrooms Second and Third… More Details36.89Cr
JOR BAGH ULTRA LUXURY FLOOR ================================== – Brand New… More Details17.90Cr
Top Builder,Wider Road,3 BHK, Full Cheque Payment also possible,Seprate… More Details17.11Cr
SECOND FLOOR,3 ENSUITE BEDROOMS,TOP BUILDER,SUPERB LOCATION, ULTRA MODERN CONSTRUCTION,SEPRATE… More Details15.11Cr