Boundary Holding's top executives buy land in Delhi for Rs 76 crore

Rajat Khare, founder of Luxembourg-based venture capital firm Boundary Holding, and Shweta Khare, president at the same company, have purchased a 948-square-yard plot for Rs 76 crore in Delhi’s Anand Niketan, two persons aware of the development said.

According to the registry documents accessed through CRE Matrix, they have paid Rs 3.8 crore as stamp duty for the transaction.

Anand Niketan is among the residential areas preferred by high-net-worth individuals (HNIs) because of its proximity to Lutyens’ Delhi and friendly redevelopment regulations, as it comes under South Delhi administration.


In the area, property buyers can construct up to four floors, which is not allowed in Lutyens’ Delhi.

"The advantage of constructing as per the requirement has made south Delhi the preferred choice for NRIs. We have also recently sold a bungalow in Nizamuddin for Rs 61 crore, and the demand for high-value property in the region continues to grow," said Pradeep Prajapati, founder of boutique real estate consultancy firm Wealthvisory Capital.

The deal was registered on June 30.

"Vasant Vihar, Anand Niketan, and Shanti Niketan, which have large plots available, continue to witness demand because of a lack of availability. The prices also continue to rise due to the demand and supply gap," said another industry expert.

A query sent to Boundary Holding on their website remained unanswered until press time on Monday.

The areas around Rashtrapati Bhavan and South Delhi have seen several high-value transactions since the COVID-led lockdown was lifted, with entrepreneurs and ultra-high-net-worth individuals looking for bigger homes in the city’s ritzy colonies.

Over the past year, the wealth of HNIs has increased, and some of this is spilling over into the real estate sector, leading to a surge in the purchase of super luxury homes.

Experts said the scarcity of such properties available for outright sale near Lutyens’ zone, coupled with increasing demand for such bungalows, will ensure that prices remain high despite market fluctuations in other parts of Delhi.