South Delhi, known for its upscale neighborhoods and premium real estate, has witnessed yet another high-profile luxury property transaction. Local resident and businessman Ashok Mittal has purchased an opulent bungalow in one of the city’s most elite and tony localities for a staggering ₹65 crore. The transaction underscores the growing appetite for ultra-luxury residences among high-net-worth individuals (HNIs) in Delhi.
Located in a prime diplomatic and residential enclave, the bungalow spans a generous land parcel with ample built-up space, landscaped lawns, high-security features, and scope for custom interiors. The property is situated in a zone that houses industrialists, diplomats, senior government officials, and business leaders, making it one of the most coveted addresses in the national capital.
Industry experts say that Delhi’s luxury property market has been witnessing heightened interest due to limited supply, high land value, and strong demand from end-users and investors alike. Areas such as Jor Bagh, Golf Links, Shanti Niketan, Vasant Vihar, and Sunder Nagar have recorded several high-value deals in recent months, reflecting the revival of the luxury housing segment.
Ashok Mittal’s ₹65 crore acquisition reflects both lifestyle aspirations and long-term asset value. The property is likely to undergo premium modernization, incorporating luxury architecture, smart home technology, and bespoke interior design.
Delhi’s luxury real estate segment continues to be attractive not just for local buyers but also for NRIs, who view such properties as safe investments with strong appreciation potential. With rising disposable incomes, limited inventory, and high prestige value, South Delhi remains one of India’s most exclusive real estate markets.
