Luxury housing in Lutyens’ Delhi continues to attract India’s ultra-wealthy.

Lulu Group Arm Buys Sunder Nagar Bungalow for ₹89.5 Crore.

Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group International, has acquired a premium bungalow in Sunder Nagar, New Delhi, for ₹89.5 crore, according to property documents. The company paid ₹6.26 crore as stamp duty for the transaction, which was represented by Najimudeen Ebrahimkutty, CEO of Fair Exports. The seller, Kuldeep Singh Lamba, resides abroad, leading to a delay in documentation. Sources said the Lulu Group had been actively searching for a residential property in Lutyens’ Delhi for some time. Post-COVID, Sunder Nagar has emerged as a preferred address for high-net-worth individuals, with multiple high-value transactions recorded in recent years. Experts note that startup founders and wealthy professionals have driven demand in the luxury housing segment across prime locations such as Delhi, Mumbai, Goa, and Alibaug. According to India Sotheby's International Realty, affluent buyers remain optimistic about India’s growth, sustaining strong interest in premium residential real estate despite global uncertainties.