Step Inside Lakshmi Mittal’s Rs 310 Crore Delhi Mansion Once Owned By Maharaj Kumar Yashwant Singh Of Alwar – Plus His Kensington Palace Gardens Ho...

In a year when Delhi’s luxury property market is sizzling, steel magnate Lakshmi Mittal has found himself back in the headlines. A Mumbai-based company linked to the billionaire, Gentex Merchants Pvt Ltd,

has reportedly bought a sprawling bungalow on APJ Abdul Kalam Road (formerly Aurangzeb Road) for a jaw-dropping Rs 310 crore – the capital’s costliest deal of 2025 so far. The property, measuring an eye-watering 3,540 square yards (31,860 square feet), carries a per square yard price tag of Rs 8.75 lakh. It isn’t just another real estate transaction; it’s a reminder of how coveted Lutyens’ Delhi remains among India’s ultra-rich.

Lakshmi Mittal: The bungalow with a royal backstory

This is no ordinary address. Originally built in 1930, the bungalow once belonged to the erstwhile royal family of Alwar. Most recently, it was owned by Maharaj Kumar Yashwant Singh of Alwar, who himself made waves earlier this year by picking up a Rs 100 crore home in Delhi’s upscale Golf Links. The Mittal-linked purchase was registered in June 2025 with a hefty Rs 21.7 crore stamp duty – a figure that would alone buy a decent-sized apartment in Mumbai.

Lakshmi Mittal: Why Lutyens’ Delhi still rules the roost

Even as new luxury towers spring up in Gurugram and Mumbai, Lutyens’ Delhi – with its colonial-era bungalows, tree-lined avenues and embassy neighbours – remains India’s most exclusive property zone. Large plots are scarce, transactions are hush-hush, and when one does hit the market, the price tags are headline-worthy. This sale follows other recent high-value buys: a Rs 241 crore bungalow on Feroze Shah Road, a Rs 155 crore home at Golf Links, and a Rs 150 crore Prithviraj Road deal by a DLF-backed firm.

Lakshmi Mittal’s other homes fit for royalty

Lakshmi Mittal already owns another bungalow on Prithviraj Road in Delhi, but his most famous residence lies 6,700 kilometres away on London’s so-called “Billionaires’ Row.” The steel baron’s 18–19 Kensington Palace Gardens mansion, bought from Formula One boss Bernie Ecclestone for around US$128 million in 2004, was then dubbed the world’s most expensive home. Its marble came from the same quarry as the Taj Mahal’s, and it boasts 12 bedrooms, Turkish baths, an indoor swimming pool and parking for over 20 cars.

He also reportedly purchased No. 9A Palace Green in Kensington, once the Philippines Embassy, and a colonial bungalow on Delhi’s APJ Abdul Kalam Road back in 2005 for US$30 million. Over the years, he’s been linked to summer palaces, lavish apartments and even a plan to redevelop parts of London’s elite neighbourhoods.

Lakshmi Mittal: Jets, yachts and a glittering fleet of cars

When it comes to wheels, Mittal’s collection matches his real estate. He owns a Gulfstream 550 private jet and a 267.5-foot luxury yacht, Amevi, built for about US$150 million in 2007. On the ground, his garage reportedly includes a Porsche Boxster, Rolls-Royces, and multiple Mercedes-Benz cars, along with high-end recreational vehicles and a vanity van fitted with a kitchen, bedroom and lounge.

Lakshmi Mittal: A fortune built on steel

As of September 2025, Forbes pegs Lakshmi Mittal’s real-time net worth at roughly US$20.2 billion. He is the executive chairman of ArcelorMittal, the world’s largest steel and mining company by output, with revenues of about US$68 billion. Having merged Mittal Steel with France’s Arcelor in 2006, he handed the CEO title to his son Aditya Mittal in 2021 but continues to shape the company’s global strategy. The Rs 310 crore Lutyens’ Delhi bungalow isn’t just a splashy buy; it’s another marker of how India’s richest families consolidate their presence in a handful of ultra-exclusive neighbourhoods. It’s also a sign of the market’s resilience: despite a slowing economy and rising interest rates, the appetite for trophy homes with history, land and prestige shows no sign of cooling. And with Mittal’s firm leading the charge in 2025’s priciest deal so far, the bar for the next headline-making property may have just been set even higher.