Gulati, son of late founder Mahashay Dharampal Gulati, has paid ₹2.16 crore stamp duty for the transaction, according to the documents accessed by ET. The sale deed was registered on August 23.
Rajeev Gulati can be seen in the company’s latest ad campaign, although MDH has not replaced its founder’s image from its packaging after his death in December 2020.
“In Vasant Vihar, plot sizes up to 2,000 square meters are in demand from families looking for independent bungalows. The advantage of larger plots in south Delhi is that buyers can redevelop the land and construct up to four floors, a privilege not permitted in Lutyens’ Delhi,” said Yovesh Suri, Luxury realty head, Corfac International, a network for independently owned commercial real estate firms.
The Gulati family lives in the same area and has been looking to expand for some time, said a person aware of the deal.
ET’s emailed query to MDH did not elicit a response till press time.
Published On Sep 9, 2023 at 08:42 AM IST
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