Those interested in buying properties in Lutyens’ Zone aren’t as interested in the area or the amenities it offers as they are in the people who live there.It doesn’t get more exclusive than the LBZ. With just 65 privately owned properties among the thousand odd that make up the area, a crore is just loose change.”The number of private houses on sale there is very small and the demand for properties in this zone is perennial. Rajan Mittal’s Rs 156 crore purchase of 38 Amrita Shergill Marg was in keeping with the market price, and not extraordinary when its location and history are concerned.”While prices in other areas may have seen some depreciation, the market sentiment is still buoyant for the LBZ,” said Santhosh Kumar, CEO (operations) at Jones Lang LaSalle India.The Prithviraj Road property gets extra special when one considers that is open on three sides, one of which looks directly into the nearby Lodi Gardens.Rajan Mittal’s winning bid for 38 Amrita Shergill Marg, a residential property on 3,500 square yards, or about 0.723 acres does match up with the Rs 600 crore for 13 Prithviraj Road, which encompases 9,700 square yards.Mittal’s winning bid came after a dispute in the family that owned the property led to it being put up for auction.Priced outReal estate experts say that the lure of staying within other ultra rich High Net Worth Individuals (HNIs) keeps the asking price at Rs 5 to 6 lakh per square yard in the LBZ, effectively insulating it from the market ups and downs.LBZ, the Capital’s billionaire zone includes Aurangzeb Road, Amrita Shergill Marg and Prithviraj Road.Compared to the LBZ, prices in other areas have depreciated by around 10 to 15 per cent over the past year or so.A premium plot in Vasant Vihar, which commanded a price of Rs 12 lakh per square yard around a year ago, now comes for Rs 8 lakh per square yard; a plot in Defence Colony that would a year ago come for Rs 8 9 lakh per square yard now comes at a price tag of Rs 6 lakh per square yard.”Though there haven’t been any closures of deals in LBZ in the past few months, customers seeking to buy property in this area have become louder.
Particularly massive floors were built to support the heavy materials. A skybridge connected the two Harmon buildings (it was removed in 2000). In 1945 the company moved to another location. There are cookie bouquets available for every holiday you can think of, including Kwanzaa, St. Patrick’s Day and Earth Day. You can send cookie bouquets for weddings or showers, as get well messages and congratulations.