6 Indian Billionaires with Crore-Worth Private Residences in Lutyens' Bungalow Zone
The Lutyens' Bungalow Zone (LBZ) in Delhi stands as a pinnacle of exclusivity in the real estate world. Named after British architect Sir Edwin Lutyens, who designed much of New Delhi in the early 20th century, this central area spans prime locations and is renowned for its scarcity of land, rich historical significance, and proximity to India's key power centers. Originally allotted to government officials, LBZ has transformed over recent decades into a coveted address for India's wealthiest industrialists and entrepreneurs, symbolizing ultimate status and success.
With market dynamics driving prices sky-high, LBZ has emerged as one of India's most prized real estate markets. Below, we explore six Indian billionaires who have made this prestigious zone their home, showcasing their lavish properties and the stories behind them.
Gautam Adani
Gautam Adani, Chairman of the Adani Group and one of India's richest individuals, owns a high-profile residence in Lutyens' Delhi. In 2020, the Adani Group secured Aditya Estates, a sprawling 3.4-acre property reportedly valued at around ₹400 crore. This magnificent house features extensive living spaces, multiple bedrooms, grand dining halls, and dedicated staff quarters, epitomizing luxury and opulence.
Lakshmi Mittal
Lakshmi Mittal, Executive Chairman of global steel giant ArcelorMittal, acquired a house in Lutyens' Delhi in 2005 for approximately ₹31 crore. Adding to his portfolio, a firm linked to Mittal, Gentex Merchants Pvt Ltd, purchased a 3,540 square yard bungalow on APJ Abdul Kalam Road for ₹310 crore in June 2025, as reported by the Economic Times. This property's historic location and Mittal's global stature underscore its prominence.
Vijay Shekhar Sharma
Vijay Shekhar Sharma, founder of Paytm, represents the new generation of Indian wealth. His rapid ascent into the billionaire club was marked by the acquisition of a lavish bungalow in the Golf Links section of LBZ for about ₹82 crore. This move highlights how tech innovators are securing their place among Delhi's elite real estate owners.
Naveen Jindal
Naveen Jindal, Chairman of Jindal Steel and Power and a former Member of Parliament, owns a private home in Lutyens' Delhi valued at an estimated ₹120-150 crore. This bungalow reflects his industrial success and political influence, cementing his status in one of India's most exclusive neighborhoods.
Sunil Vachani
Sunil Vachani, Founder and Chairman of Dixon Technologies, is another emblem of modern Indian wealth. His bungalow in the Lutyens' zone is worth around ₹170 crore, demonstrating that leaders in hardware and manufacturing are standing tall alongside traditional financial innovators in this prestigious market.
Anand Ahuja
Anand Ahuja, a prominent figure in the fashion and lifestyle industry, owns a lavish bungalow known as "Sher Mukhi" in Lutyens' Delhi, reportedly worth around ₹173 crore as of 2015. The massive property boasts unique amenities, including a basketball court, showcasing the blend of luxury and personal interests among billionaires.
The allure of Lutyens' Bungalow Zone continues to grow, driven by its limited availability and strategic importance. As these six billionaires illustrate, owning a home here is not just about real estate investment but a testament to achieving the highest echelons of success in India. With prices soaring and demand unwavering, LBZ remains a symbol of prestige and power in the nation's capital.
