Analjit Singh transfers Lutyens’ Delhi bungalow to Vstar Ventures in Rs 152-Crore internal deal

Max Group’s Analjit Singh has transferred a prime 2,140 sq metre bungalow in Lutyens' Delhi’s APJ Abdul Kalam Road to Vstar Ventures for Rs 152 crore in a private transfer that's part of a broader reorganisation within the family’s business interests.

The property was sold by Delhi Guest Houses Pvt Ltd to Vstar Ventures. Both firms are owned by Analjit Singh.

Sahil Vachani—Vice Chairman and Managing Director of Max Estates, and Singh’s son-in-law—represented Vstar Ventures in the deal.

Vachani and his wife, Tara Singh Vachani, Executive Chairperson of Antara Senior Living, are both directors in the company.

“The transfer of the property is part of an internal family reorganisation carried out pursuant to a family settlement that was previously disclosed publicly earlier this year. We would like to clarify that this is a private transaction, and none of the listed entities within the Max Group are involved,” a spokesperson for Analjit Singh said in a statement.

Earlier this year, Singh bought out estranged spouse Neelu Analjit Singh’s 24.1% stake in his holding company as part of the same family settlement. Post-settlement, he gained full ownership of Max Ventures and Investment Holding, which holds significant stakes in listed entities Max Financial, Max Estates, and Max India.

Documents accessed by The Economic Times show that Rs 11.7 crore was paid as stamp duty and corporation tax for the transaction, which was registered earlier this month.

Located in the heart of India’s power corridor, the Lutyens’ Bungalow Zone (LBZ) spans 28 sq km and houses around 3,000 bungalows, primarily occupied by ministers, judges, and senior government officials.

Roughly 600 properties in the area are privately owned by some of India’s wealthiest individuals. Designed by British architect Edwin Lutyens between 1912 and 1930, the LBZ remains one of the most exclusive and expensive real estate zones in the country.

The transaction adds to a string of high-value deals in the LBZ, underscoring continued demand for trophy assets in India’s most prestigious neighbourhood.