Gujarati company and Delhi’s most expensive realty deal
October 09, 2012
Ahmedabad, 9 October 2012
According to Economic Times report published from Delhi on Tuesday, Ahmedabad-based pharma/power company Torrent has bought a bungalow in the leafy Lutyen’s Bungalow Zone (LBZ) in Delhi for Rs 10 lakh per yard, creating a record for the most expensive real estate deal in the city. The bungalow is on Dharam Marg in Chanakyapuri, which is situated near the American embassy, stands on a 1,112.4 sq yards plot and was bought jointly by Torrent group companies Torrent Power and Torrent Pharma for Rs 111 crore. Another Ahmedabad-based business group, Adani had bought a bungalow in Golf Links for Rs 140 crore in past.
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