Lawyer Arun Kathpalia buys Delhi's Golf Links bungalow for Rs 69 crore
Arun Kathpalia
has bought a 763 sq yard bungalow at Delhi's Golf Links for Rs 69 crore, documents accessed through real estate data analytics firm CRE Matrix showed.
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With this Kathpalia, who specialises in dispute resolution, has joined the list of celebrity lawyers such as former attorney general Mukul Rohatgi, former solicitor general Gopal Subramanium and former additional solicitor general Vikas Singh who have recently bought properties in the Lutyens' Bungalow Zone.
Kathpalia declined to comment on the transaction.
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He paid Rs 4.14 crore in stamp duty for the transaction.
Golf Links and Sunder Nagar have emerged as particular favourites for lawyers due to their proximity to the high court and the Supreme Court.
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The locality is also popular among corporate leaders and high net worth individuals (HNIs), who prefer buying properties in posh areas of Delhi. Prices have remained firm as availability is minuscule.
The Lutyens' Bungalow Zone (LBZ), spread over 28 sq km, has about 3,000 bungalows meant for top ministers, judges and government officials. There are about 600 private homes owned by some of India's wealthiest people. This zone was developed by British architect Edwin Lutyens between 1912 and 1930.
There have been several high-value transactions in the Lutyens' Bungalow Zone, considered one of India's most expensive addresses.
The outlook for the real estate sector among HNIs and ultra-HNIs has moderated, with 62% planning to invest in the next 12-24 months compared to 71% in 2024.
Nearly half of the respondents of the annual luxury residential outlook survey by India Sotheby'sInternational Realty (ISIR) expect real estate investments to deliver returns between 12% and 18%, while 38% anticipate returns below 12%.
As per the survey, optimism has declined from 79% in 2024 to 71% in 2025. But most HNIs believe India will continue to be the fastest-growing major economy, with GDP growth projected to hover between 6% and 6.5%.
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