Shobha Aggarwal, Partner at Viney Equity Market Llp, has bought a 1000-square-metre bungalow in West End, South Delhi, for around Rs 80 crore. 

Anant Aggarwal, Managing Director at Viney Equity Market Llp confirmed the transaction saying the property has been purchased for private use and has been registered on the title of his mom.

The bungalow has been sold by Ashok Mehra of Mehrasons jeweler. Post the reopening of registry workplaces earlier this month, South Delhi has seen spate of excessive worth transactions.

“West End is a boutique colony of Delhi as it has less than 100 plots. As a result whenever any property is up for sale, the buyer grab it,” stated Rohit Chopra, founder of Southdelhiprime.com, an actual property advisory and transaction agency.

In Delhi, the unique exigencies of the pandemic have caused HNIs to become even more focused on securing independent homes in premium locations, and sales traction for such assets has increased tremendously over the past few months,” stated Pradeep Prajapati, who offers in luxurious actual property in South Delhi and Lutyens’ Delhi.

The actual property sector has witnessed the constructive effect of slashed stamp obligation costs in Maharashtra on the property markets of Mumbai and Pune, which means that the state authorities’s selections have a direct effect on the sector.