NEW DELHI: Sidhant Real Estate, promoted by DLF chairman Rajiv Singh and his family members, has purchased a sprawling bungalow in Lutyens’ Delhi’s Prithviraj Road for ₹150 crore.
The firm acquired the bungalow from Rangoli Resorts, where Sheela Foam executive chairman Rahul Gautam and his family members are directors. Rangoli Resorts also purchased a bungalow on Hailey Road for ₹165 crore. Sheela Foam sells mattresses and comfort accessories under brands like Sleepwell.
According to documents accessed through real estate data analytics firm CRE Matrix, Sidhant Real Estate paid ₹10.5 crore in stamp duty for the transaction, while Rangoli Resorts paid ₹11.55 crore.
Both transactions were registered in October last year.
DLF and Sheela Foam did not respond to emails seeking comment till press time Thursday.
Both properties were listed on the India Sotheby’s International Realty platform, but the firm declined to comment.
Recently, Anurang Jain, managing director of Endurance Technologies, purchased a sprawling 1,350-square-yard bungalow on New Delhi’s Kautilya Marg for ₹130 crore.
