Deepinder Goyal - Founder of Zomato Buys Land in Mehrauli, Delhi

A Significant Real Estate Move

Deepinder Goyal, the visionary co-founder and CEO of Zomato, has made a notable entry into the real estate market with the acquisition of a coveted plot in Delhi’s Mehrauli for an impressive sum of ₹50 crore, as revealed by documents from CRE Matrix. This strategic investment not only underscores Goyal's interest in prime real estate but also highlights the growing allure of Delhi's Mehrauli area among the elite.

Stamp Duty and Property Details

The acquisition came with a substantial stamp duty of ₹3.50 crore, emphasizing the significant value of the land. Spanning 2.53 acres in the village Dera Mandi within the Mehrauli tehsil, this freehold land offers a unique blend of expansive space and prestigious location, making it a prized possession in Goyal's portfolio.

A History of Significant Investments

This is not Goyal’s first venture into the Mehrauli real estate market. In March 2023, he had previously purchased a 2.5-acre land parcel from Luxalon Building Pvt Ltd for ₹29 crore, indicating a growing interest in this region. Goyal, an IIT Delhi alumnus with a storied career starting at Bain & Company and later founding Zomato, continues to expand his investment horizon.

The Broader Trend of Real Estate Investment

Goyal’s investment comes at a time when 71% of affluent Indians express a keen interest in property investments over the next two years, with capital appreciation now the leading motivation, as per the Luxury Outlook Survey 2024 by India Sotheby’s International Realty (ISIR). This shift marks a significant return of investors to the real estate market, looking for both luxury and long-term value.

Comparative High-Profile Investments

In a parallel development, Peyush Bansal of Lenskart has also made headlines with his purchase of a home in the upscale Neeti Bagh area of Delhi for ₹18 crore, as per CRE Matrix documents. This transaction, completed on May 19, 2023, further illustrates the trend of tech entrepreneurs diversifying into luxury real estate, signaling a robust interest in high-end properties among India’s business elite.

Deepinder Goyal's recent acquisition in Mehrauli not only reflects his strategic investment approach but also aligns with the broader trend of luxury real estate becoming a preferred asset class among India's wealthy. As the market continues to evolve, the actions of influential figures like Goyal and Bansal are set to inspire further confidence and interest in high-end real estate investments.