Mumbai-based Gentex Merchants Pvt Ltd, associated with steel magnate Lakshmi Mittal, has purchased a 3,540-square yard bungalow on APJ Abdul Kalam Road (formerly Aurangzeb Road) for Rs 310 crore, making it one of Delhi NCR’s costliest real estate deals in 2025, according to Moneycontrol. Surya Kumar Kanodia is one of the directors of Gentex Merchants Pvt Ltd, the firm behind this high-profile acquisition. Lakshmi Mittal is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company, and has played a key role in global steel industry consolidation through acquisitions and expansions.

Deal Details and Stamp Duty

The transaction, registered in June 2025, also involved a stamp duty payment of Rs 21.70 crore. The bungalow, spanning 31,860 sq ft, translates to approximat

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