He added that once they had verified the documents associated with these properties bought with the “proceeds of crime”, the properties would be attached. One of Avantha’s group companies, Avantha Realty, owned the Amrita Shergill property, then valued at Rs 550 crore, and had mortgaged it to ICICI Bank for a loan. "If it took three to six months to close a deal in this area a few years ago, it takes one-and-a-half to two years now. This site is an online resource for Amrita Sher-Gil’s biography, artwork, paintings, articles, awards, videos and books. Amrita shergill marg ( Central delhi ) Independent super prime lutyen's bungalow for sale in amrita shergill marg ( Central delhi ) Area - 2500 sq.Yd Built up - 6000 sq.Ft Floor - Ground floor Room - 4 bedroom with attached bathroom Facing - North / east facing / adjoining lodhi garden Property - Freehold, wide road, clear title. Amrita Sher-Gil was born on 30 January 1913 in Budapest, Hungary, to Umrao Singh Sher-Gil Majithia, a Jat aristocrat and a scholar in Sanskrit and Persian, and Marie Antoinette Gottesmann, a Hungarian-Jewish opera singer who came from an affluent bourgeois family. Vasant Vihar, Greater Kailash, New Friends Colony, South Extension came up in the 1960s and 1970s. Copyright © e-Eighteen.com Ltd. All rights reserved. Discover (and save!) Property in Amrita Shergill Marg - Residential Properties for sale in Amrita Shergill Marg, Delhi - Search best residential properties in Amrita Shergill Marg Delhi on Makaan.com and view complete details of selected properties along with specification, amenities, pricing etc. The Central Bureau of Investigation has booked Yes Bank Founder Rana Kapoor and his wife Bindhu Kapoor for receiving ₹307 crore bribe from Avantha Realty Ltd. in connection to the purchase of a 1.2-acre uber-luxe bungalow at 40, Amrita Shergill Marg, New Delhi that was valued at ₹550 crores. All bungalows are linked to Kapoor’s wife Bindu, who is also under scanner as ED probes suspicious transactions of Rs 4,300 crore Amrita Shergill Marg, Sujan Singh Park, New Delhi, New Delhi Schools and colleges . Nifty 11,937.65 40.85. Like my video Share my video Scribe my channel Share my channel "In Samudra Mahal, it takes less than three months to sell a Jodi apartment or a duplex, while a 3BHK apartment may take more than six months," explains Mehta. The three properties -- 40, Amrita Shergill Marg; 18 Kautilya Marg, Chanakya Puri; and in the Diplomatic Enclave on Sardar Patel Marg -- are not directly linked to Kapoor but officials said that he had tasked some top property dealers here for hunting some buyers to sell these assets to. Interestingly, a newly formed company Bliss Abode connected to Bindu Kapoor participated in the auction and secured the 40 Amrita Shergill property for Rs 378 crore. According to a report by Moneycontrol, a two-storey residential building known as Khursheed-Abad on Altamount Road, Indiabulls Blue Tower B and C in Worli and three duplexes in Sesen, Napean Sea Road in Mumbai and 40, Amrita Shergill Marg could be sold off in an auction in the coming days. There are also a few independent bungalows which at today’s value command anything between Rs 80 crore to Rs 100 crore, as per property consultants active in the area. Road zone and South Delhi. The source said that Kapoor''s wife had bought 40 Amrita Shergill Marg property in the name of her company Bliss Abode Ltd on account of a loan default by Avantha Realty. The total built-up area of the bungalow is around 12,500 sq ft and the size of the plot is 6,000 square yards. Home to Mumbai's rich, the complex was earlier in the limelight as shamed diamantaire Nirav Modi's residence. This is also a pure end-use market. Indiabulls went on to finance the rest of the loan as well for the purchase of the property. "There could be 80-odd families residing in these 100 apartments," says Mehta. 12 Nov, 2012, 06.40 AM IST. As a classic case of this modus operandi, ED sources cited the purchase of a palatial bungalow owned by Avantha Group of companies at 40, Amrita Shergill Marg, address in Lutyens Delhi. Click here to join our channel (@indianexpress) and stay updated with the latest headlines. According to the agency, firms owned by the family received in excess of Rs 4,000 crore in the past few years from companies that owed money to Yes Bank. The source said that Kapoor''s wife had bought 40 Amrita Shergill Marg property in the name of her company Bliss Abode Ltd on account of a loan … Apart from this ED has also attached Kapoor’s bungalow at 40, Amrita Shergill Marg in New Delhi whose market value is said to be Rs 685 Crore. Bliss Abode’s registered office is situated on 40 Amrita Shergill Marg, the very road on which the property the ED is probing is located. Copyright © e-Eighteen.com Ltd All rights resderved. At the age of nine, she began her pr… Bindu Kapoor bought a luxurious bungalow at 40, Amrita Shergill Marg - a prime location in Lutyens` Delhi - in the name of her company Bliss Abode Ltd while the other two properties belong to Bliss Villa (Delhi) Private Ltd. COVID-19 update | 'Some evidence' UK coronavirus strain more deadly: PM Boris Johnson, No COVID-19 vaccination drive on January 26-27, states to review stockpile: Report, Healthcare workers feel used as ‘guinea pigs’, hesitate to take Covaxin: Report, 'Dhanyawad': Brazil's Jair Bolsonaro thanks PM Narendra Modi as India dispatches 2 million vaccine doses. The Enforcement Directorate is gearing up to attach more properties in connection with the Yes Bank case. The other two properties – 40 Amrita Shergill Marg and 18 Kautilya Marg – were also being sold by Rana Kapoor. As companies began defaulting on repayments, instead of declaring the assets as NPAs well in time and initating recovery proceedings, Rana Kapoor allegedly conspired with the companies and got them to invest in firms run by his wife and daughters. The three properties are at 40, Amrita Shergill Marg; 18 Kautilya Marg, Chanakya Puri; and in the Diplomatic Enclave on Sardar Patel Marg. According to the CBI FIR accessed by Republic TV, the original owner of 40 Amrita Shergill Marg received much less than the market value. Coronavirus News LIVE Updates: WHO chief thanks India, PM Modi for ‘continued support to global COVID-19 response’, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation. It is learnt that all the properties are linked to Kapoor's wife Bindu Kapoor, who is also under the scanner. A 1,700 carpet sq ft apartment commands a rent of Rs 4.5 lakh to Rs 4.75 lakh a month and a duplex fetches Rs 8.5 lakh to Rs 10 lakh per month," he says. The built-up area of the bungalow is 8,800 sq ft. "Most of these bungalows are located in Lutyens zone where no alterations or extensions are permissible. Price - On call Bindu Kapoor bought a luxurious bungalow at 40, Amrita Shergill Marg in the name of her company Kapoor had engaged some top property dealers to sell these assets. 5Y Return. The source said that Kapoor's wife had bought 40 Amrita Shergill Marg property in the name of her company Bliss Abode Ltd on account of a loan default by Avantha Realty. Her parents first met in 1912, while Marie Antoinette was visiting Lahore. The central agency has traced documents related to these assets and properties and is currently verifying them, sources said. These properties include Kapoor’s plush bungalow in Delhi on 40 Amrita Shergill Marg (worth Rs 685 crore), an independent residential building ‘Khursidabad’ at Cumbala Hill, three duplex flats at Nepean Sea Road, one at the National Centre for the Performing Arts at Nariman Point, along with eight flats at Indiabulls Blu in Worli. It was to repay this loan that Avantha borrowed Rs 400 crore from Yes Bank in March 2016. In due course, the loan became stressed and Yes Bank asked Avantha to sell the property to recover it. The bungalow is currently valued at over Rs 600 crore. Godrej Prop 1,041.85 107.45. The cost of the bungalows should be around Rs 60 crore to Rs 80 crore considering the size is around 10,000 sq ft. As far as rental values are concerned, the yield is much higher compared to other buildings in the vicinity. 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