Overview

• The reported buyer is a prominent Indian industrialist from the beverage sector, though no identity has been disclosed by any party.
• A leading law firm representing the buyer has issued a public notice and is investigating the title, indicating late-stage due diligence rather than a closed transfer.
• The estate at 17 Motilal Nehru Marg spans about 14,973 sq m (≈3.7 acres) with roughly 24,000 sq ft built-up area and is owned by sisters Raj Kumari Kackar and Bina Rani.
• Coverage says negotiations settled near Rs 1,100 crore, down from an initial Rs 1,400 crore quote, and the deal would set a new benchmark if completed.
• The bungalow, once Jawaharlal Nehru’s first official residence before 1948, sits in Delhi’s tightly held LBZ, where roughly 600 of about 3,000 bungalows are privately owned.