Sunil Vachani Invests 170 crore in a bungalow at Lutyens Delhi

The managing director of Dixon Technologies, Sunil Vachani cracked a deal of a staggering 170 crore for a 1,250 square yard bungalow in Lutyens Delhi. It was surprising to know that he directly bought the bungalow from its previous owner without involving an advisor in between.

This deal has crossed the previous benchmark as 1,250 square yard property at the same location saw sold for 120 crores before the lockdown. The deal comes at the time when there is a dip in property pricing by 10–15%, due to lockdown & pandemic.

Lutyens Bungalow Zone is spread over 28 sq km, holds about 3,000 bungalows which cater top ministers, judges & government officials & about 600 homes owned by wealthiest people in India.

Sources say that Dixon Technologies has seen a decent rise in its stock price over the last 1 year as stock prices have jumped over 3 times closing at R 15,732 on Thursday when compared to Jan 7 2020 which was standing at 4,230.

It could be considered a state decision as to the properties available for outright sale in the area of Lutyens Bungalow Zone, has seen a drastic demand & prices have also been increasing even rates have been fluctuating over the other part of Delhi.

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