Dua Associates Steers Two-Part Real Estate Transaction For Rajasthani Royals In Delhi's Lutyens Zone
Law Firm News Correspondent
1 Oct 2025 4:28 PM IST
Dua Associates has steered a two-part real estate transaction in the heart of New Delhi's Lutyens Bungalow Zone (LBZ), acting for Maharaj Kumar Yashwant Singh Ji Sahib of Alwar (https://en.wikipedia.org/wiki/Sawai_Tej_Singh_Naruka) in both the acquisition of a new residence and the sale of his family estate.
Dua Associates advised Yashwant Singh, scion of Rajasthan's erstwhile royal family of Alwar, on the acquisition of a 704.4-sq. yards bungalow in Golf Links for ₹100 crores.
The team, led by Partner Salil Gulati along with Partner Sahil Dhawan, Principal Associate Kapil Saxena and real estate subject expert Narinder Mohan, handled the transaction: legal due diligence, structuring, drafting and negotiation of documentation, and seamless closing. The firm also guided on the requisite clearances and the payment of over ₹8 crores in stamp duty, registration fee and corporation tax.
The seller, in this transaction was Anu Jindal of DLF “The Camellia”, who was represented by a team from Savills India.
Dua Associates being the long-term legal advisers of the Alwar royal family also counselled them on divesting their bungalow on APJ Abdul Kalam Road (formerly Aurangzeb Road)—a colonial-era property spread over 3,540 sq. yards—to Gentex Merchants Pvt. Ltd., a company linked to steel magnate Lakshmi Mittal. Registered at ₹310 crores, the transaction ranks among 2025's costliest property deals in Delhi, with the buyer paying ₹24.80 crores in stamp duty, registration fee and corporation tax.
This was led by Partner Salil Gulati along with Partner Sahil Dhawan, Principal Associate Kapil Saxena and Narinder Mohan, under the guidance of the late Shashivansh Bahadur, the team oversaw legal due diligence, deal structuring, regulatory clearances and approvals and documentation, ensuring a close to a transaction that underscores the enduring allure of Lutyens Delhi.
The purchaser in this transaction was represented by a team from Shardul Amarchand Mangaldas (SAM).