Author Chetan Bhagat has bought a four-bedroom apartment at Delhi’s Westend for Rs 11.6 crore, according to three people aware of the deal.
The deal got registered on June 24 as per the documents accessed by ET. Bhagat has purchased the second floor of the two-floor apartment complex in South Delhi, where builders can construct upto four floors and sell it independently.
India Sotheby’s International Realty confirmed having the exclusive mandate of the property but declined to comment on the transaction and buyer’s name.
Bhagat also declined to comment.
Bhagat paid Rs 70 lakh stamp duty for the transaction.
As per the listing on India Sotheby’s International Realty, the apartment forms part of a building with a plot size of 410 sqm.
The home in South Delhi with a built-up area of 270 sqm has 4 spacious bedrooms.
This bungalow styled building only has up to three floors – basement and ground, first and second floor, hence resulting in a higher built up area and a larger land share of 30%.
Westend is home to best of the diplomatic and business community and the most sought-after address by C Suite executives and industrialists. This colony also enjoys proximity to the best schools, hospitals and shopping malls that South Delhi has to offer.
ISIR had recently acquired a 12% stake in CRE Matrix, a data analytics platform for residential and commercial real estate, for about Rs 5.5 crore. The brand’s first India office was set up in New Delhi in July 2014, and now the company has offices in Delhi, Mumbai, Kolkata, Bengaluru, Goa, and Colombo.
India SIR sold 182 luxury properties worth $280 million in 2021, compared with 102 properties valued at $190 million in the previous year.