The bungalow, which is said to be worth Rs 82 crores, is 6,000 square feet and is located in the ultra-exclusive Lutyens Bungalow Zone at Golf Links, close to New Delhi's landmark areas such as the Delhi High Court, the Supreme Court, and India Gate, among others. buying a house in qatar
Vijay Shekhar Sharma, the young founder of Paytm, is one of India's newest billionaires, after a lot of hard work, a little luck, and a lot of perseverance. Sharma's journey to riches was not without setbacks, and it makes for an inspiring story.
Even more inspiring is the fact that he has finally joined the elite group of Delhi real estate owners, with a property in Golf Links in central Delhi, one of the most prestigious addresses in the city and the world.
Info about Vijay Shekhar Sharma's home
Vijay Shekhar Sharma's address is at Golf Links in central Delhi's ultra-exclusive Lutyens Bungalow Zone (LBZ). According to records, the property is worth Rs 82 crores. Prior to the registration of the real estate contract, he signed a memorandum of understanding (MoU) with the sellers. His house cost him about Rs 1.36 lakh per square foot. The 6,000-square-foot bungalow is located near New Delhi landmarks such as the Delhi High Court, the Supreme Court, and India Gate, among others.
On this estate, which is located inside the gated residential colony at Golf Links, Vijay Shekhar Sharma is reportedly building his own new home. It is bordered on the east by the lush Delhi Golf Course, and on the west by the Lodi Estate. About 3,000 acres and nearly 1,000 bungalows make up the Golf Links residential district. Just 70 of these bungalows are said to be available for private use.
Sharma made headlines earlier this year when he was named the Forbes list's youngest Indian billionaire, with a fortune of USD 1.3 billion. He was also one of only two Indians (the other being Prime Minister Narendra Modi) to be named to Time Magazine's annual list of the world's 100 most powerful people.
Vijay Shekhar Sharma and his family currently reside in the posh Greater Kailash district of south Delhi. He may have gotten a good offer on the house in Golf Links. According to real estate figures for elite Delhi properties, the Paytm CEO will be the first billionaire from the internet and technology sector to own a home in this exclusive stretch, though his purchase will not be as big. The entire neighborhood has been built with colonial architectural touches and plenty of greenery and foliage, which covers the bungalows' high boundary walls for added protection. There is no list of local residents, and the police presence in the area is also important.
The Lutyens bungalow of Paytm Founder Vijay Shekhar Sharma
Sharma will have illustrious neighbors for company once he moves to his LBZ home in New Delhi, including VC Burman of the Dabur Group, who bought his bungalow in Golf Links for a whopping Rs 160 crores some time ago. Scions and heads of India's oldest and wealthiest business families, such as Vineet Jain of the Times Group, the Ruia family, Modi family, Birlas, steel baron Laxmi Mittal, and the Jindal brothers, are among the private bungalow owners in this exclusive zone.
The Lodi Gardens are adjacent to this district, and prominent figures such as Priya Paul of the Apeejay Group, KP Singh of DLF, and Sunil Mittal of Bharti Airtel can be found there. Sir Edwin Landseer Lutyens, a well-known British architect, designed the city. The central government halted all new growth in the LBZ after independence, and no new structures have been permitted. The homes of India's top lawmakers and cabinet ministers rub shoulders with those of the country's most powerful businessmen. Renuka Talwar, KP Singh's daughter, had previously purchased a massive bungalow in the area for Rs 435 crores, while Rajan Mittal of Bharti Enterprises paid Rs 156 crores. According to sources, IndiaBulls co-founder Rajiv Rattan paid Rs 220 crores for his house. The LBZ is 26 square kilometers in size and is located near Rashtrapati Bhavan. Vijay Shekhar Sharma's most prominent neighbor will be the President of India.