Mighty prized addresses by our Government officials
This year Delhi has witnessed quite a number of changes. The new government is all set to hold office and a lot of home shifting has occurred since the new officers are ready to start off with their work. The prices of the prized addresses are enough to blow one’s residence. Right at the top of the list, we have our Prime Minister’s residence which consists of 5 bungalows. Costing a huge chunk of money, it spreads over 12 acres and is highly expensive indeed.
Houses belonging to the previous Prime Ministers were not less expensive either. All of them had 8 room bungalows and the amount of space it took up was 2 acres. Former Prime Minister Manmahon Singh who was earlier living in the 7 Race Course has now shifted to Moti Lal Nehru Road. According to the market rates, this place is worth 10 crores. In Lutyen’s Delhi, there are about three former prime ministers residing at the moment.
Five more bungalows were ready to be established recently since a new market had opened up. At Tughlaq Road, there is one bungalow which spreads over 8000 sqft, another one at Prithviraj Road, another bungalow on the same road and another smaller one which is lower in price located in the same area.
Despite being so expensive, it has lured several buyers who are willing to pay that much for a house. According to real market watchers, the desire to own a house in an elite address and the limited availability has lead to price rise. Given the kind of prestige and honour it lends to the owner, the craze to live here will never cease.
{Source: Vivek Shukla}
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