Adani Group buys 3.4 acres Lutyens bungalow for Rs 400 crore

It’s a palatial bankruptcy resolution — 3.4 acres, total built-up area of more than 25,000 square feet, seven bedrooms, six living and dining rooms, a study room, 7,000 square feet for staff quarters, and all of it surrounded by verdant green in New Delhi’s ultra-posh Lutyens’ area. All this, for just Rs 400 crore. Adani Properties Pvt Ltd (APPL) of the Gautam Adani-led Adani Group will soon be the new owner of a spectacular, more than a century-old, two-storey bungalow on New Delhi’s Bhagwan Das Road — a prize the company won as a part of the bankruptcy proceedings of Aditya Estates Pvt Ltd. Neither APPL nor Aditya Estates responded to emails sent.