Delhi : Ansal Group promoter's wife sells Lutyens

Kusum Ansal, wife of Ansal Group promoter Sushil Ansal, has sold her

luxurious bungalow at Feroze Shah Road, Lutyens' Delhi, to Gujarat-

based Yatah Enterprises for ₹241 crore. The deal, finalized at ₹200,000

per sq ft, is one of the most expensive real estate transactions in India,

surpassing several high-profile Mumbai deals.

The sale was managed under the SARFAESI Act, allowing the lender to

auction the property to recover outstanding dues, as Ansal API was

under financial stress. The 6,364 sq yard plot, one of the largest in

Lutyens' Delhi, was co-owned by Sushil Ansal along with three

companies. Some of the proceeds from the sale were used to settle

lender dues.

The property was listed on India Sotheby’s International Realty, which

held the exclusive mandate for the sale. Although the firm declined to

comment on the commercial details, it confirmed handling the

transaction. Yatah Enterprises paid ₹17.56 crore as stamp duty and

corporation tax. The company did not respond to media queries

regarding the deal.

Pranav Ansal, son of Sushil and Kusum Ansal, stated that the

transaction was carried out by the lender under the SARFAESI Act

(Securitisation and Reconstruction of Financial Assets and Enforcement

of Security Interest Act). This legislation enables banks and financial

institutions to recover dues by auctioning properties of defaulting

borrowers.

The sale highlights the increasing value of prime real estate in Delhi’s

elite Lutyens zone, known for its sprawling, ultra-luxurious properties. It

also reflects the ongoing financial challenges faced by the Ansal Group,

which is dealing with multiple legal issues.

This record-breaking deal showcases the soaring demand and premium

pricing of properties in Lutyens' Delhi, reaffirming its status as one of the

most expensive real estate markets in India.