Essel Group chairman Subhash Chandra is reported to have sold a prime bungalow in Delhi’s Lutyens’ Bungalow Zone for Rs 1,260 crore, in one of the most expensive residential transactions in recent years, according to reports citing sources and PTI. The property is said to be located on Bhagwan Das Road and spans about 2.8 to nearly 3 acres. Times of India reports that Chandra acquired the bungalow in 2015 for Rs 304 crore, and that the transaction reflects a more than four-fold increase in value. The buyer is described as an unnamed businessman in the reporting. NDTV also reports the same sale price and location, attributing the details to sources. The reports do not provide information on the purpose of the sale, the buyer’s identity, or whether the transaction has been officially confirmed. Taken together, the outlets agree on the key figures—price, property location in Lutyens’ zone, size, and the claimed 2015 purchase price—while leaving some specifics, such as the buyer, unconfirmed publicly in the available accounts.