arrow-left

Travancore Royal Family may sell Delhi bungalow for Rs 250 crore

  • India Infoline News Service |
  • 10 Nov, 2022 |
  • 8:38 AM

According to a copy of the selling paperwork reviewed by ET, the Travancore royal family has a contract with Sahana Real Estate & Builders to sell the Travancore House for Rs 250 crore along with a plot of land in central Delhi that contains the bungalow, and a property in Bengaluru.

The Kerala government currently holds the British-era bungalow and the land on Kasturba Gandhi Marg. The royal family, who claimed that the Kerala government merely held possession rights on the property, had written to the central government in 2019 to request the restitution of the property, according to news sources. The state government, however, had asserted ownership rights at the time.

The sale is subject to the buyer, Chennai-based Sahana Real Estate, receiving a no-objection certificate from the Kerala government and clearance from the central government, according to the October 21, 2022 sale deed signed in Bengaluru.

The purchase includes the bungalow built in 1930 to serve as the Maharaja of Travancore's New Delhi residence, along with a 208 square metre plot in Bengaluru's Doddamaranahalli Village, and the undivided half portion of the 8.195-acre KG Marg land block.

According to the copy provided by Zapkey, an aggregator of property registration data, Venugopal Varma is acting as the power of attorney for the royal family in the sale deed.

For feedback and suggestions, write to us at editorial@iifl.com

 


Invest wise with Expert advice

ad IconAd Image

Most Read News

Article Image
  • 14 March, 2022 |
  • 7:03 AM

The US Federal committee's meeting will conclude on March 16, 2022.

Most Shared News

No Record Found