Peyush Bansal of Lenskart Secures Luxury Home in Elite Neeti Bagh of Delhi For INR 18 Crores

Neeti Bagh, Delhi

In a recent high-profile real estate transaction, Peyush Bansal, the dynamic co-founder of Lenskart, has acquired a lavish residence in Neeti Bagh, one of Delhi's most sought-after neighborhoods.

The deal, sealed for a whopping Rs 18 crore, was registered on May 19, 2023. As per the documents accessed by CRE Matrix, a leading real estate data analytics firm, Bansal paid a stamp duty of Rs 1.08 crore for this prime property.

The acquired estate spans 469.7 square meters (5056 square feet) with a total covered area of 939.4 square meters (10,111.7 square feet) and is situated on a 680 square meter lot in Neeti Bagh. The property, previously owned by Surinder Singh Atwal, comprises the cellar and ground floor of the residential building. Notably, the circle rate valuation of the property stands at approximately Rs 5.42 crore.

Lenskart & Peyush Bansal: A Brief Overview

Lenskart, founded in 2010, has rapidly emerged as one of India's fastest-growing eyewear businesses. With its roots in Gurugram, the company has expanded its footprint to over 2,000 retail stores by March 2023. Peyush Bansal, along with co-founders Amit Chaudhary and Sumeet Kapahi, has been instrumental in Lenskart's meteoric rise. Apart from his business acumen, Bansal has also graced the reality TV show, Shark Tank India, as a judge, where budding entrepreneurs pitch their innovative business ideas.

Neeti Bagh:

Delhi's Luxury Real Estate Gem Neeti Bagh, nestled in South Delhi, is synonymous with opulence and exclusivity. Known for its tree-lined avenues and palatial homes, the area has always been a magnet for the city's elite. Recent trends indicate a surge in high-value transactions in this locale, reflecting the growing demand for luxury real estate in the capital.

Impact & Analysis

The acquisition by a prominent business figure like Bansal underscores the allure of Neeti Bagh as a prime real estate destination. Such transactions not only bolster the property market's sentiment but also highlight the confidence of industry leaders in the luxury real estate sector. With Delhi's real estate market witnessing a flurry of high-ticket deals, it's evident that the city's luxury housing segment is on a robust growth trajectory.