MakeMyTrip founder Deep Kalra sells apartment in Gurgaon to group CEO for ₹33 crore
The size of the apartment is 6428 sq ft and comes with three car parkings, the sale deed showed. A stamp duty of ₹1.98 crore has been paid on the transaction
Deep Kalra, founder and chairman of MakeMyTrip has sold an apartment in DLF Magnolias in Gurgaon to Rajesh Magow, co-founder and Group CEO, for ₹33 crore, documents accessed by CREMatrix, a real estate data analytics firm showed.
Deep Kalra, founder and chairman of MakeMyTrip has sold an apartment in DLF Magnolias in Gurgaon to Rajesh Mago, co-founder and Group CEO Rajesh Magow for ₹33 crore. (Picture for representational purposes only) (Pixabay)
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The size of the apartment is 6428 sq ft and comes with three car parkings, the sale deed showed. A stamp duty of ₹1.98 crore has been paid on the transaction. The document was registered on October 20, 2023, the documents showed.
Brokers active in Gurgaon said that the apartments were launched around 2005 at a price of around ₹5000 per sq ft. The units are currently trading at ₹35 crore.
A few months back, a 11,000 square foot apartment at DLF’s The Camellias located on Gurgaon's Golf Course Road was sold for more than ₹100 crore in a resale transaction. Real estate brokers had said then that the deal narrows the gap between prices in established markets in Delhi with those of the relatively new Gurgaon market.
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Demand for ultra-luxury homes continues to rise with most high net worth individuals purchasing these properties for investment, personal use, or both. A recent report by Anarock shows 58 ultra-luxury homes priced above ₹40 crore were sold across seven major cities till November 2023, accumulating a total sales value of ₹4,063 crore. Mumbai led the way with 53 of these opulent properties.
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Demand for ultra-luxury homes continues to rise with most high net worth individuals purchasing these properties for investment, personal use, or both. A recent report by Anarock shows 58 ultra-luxury homes priced above ₹40 crore were sold across seven major cities till November 2023, accumulating a total sales value of ₹4,063 crore. Mumbai led the way with 53 of these opulent properties.
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.
Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
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Home/Real Estate/MakeMyTrip founder Deep Kalra sells Gurgaon apartment to group CEO for ₹33 cr
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