Varun Jaipuria buys farmhouse property for Rs 120 crore in Delhi

The Jaipuria family had purchased an adjacent farmhouse in 2020.

In June last year, JC Chaudhary, the founder of Aakash Educational Services Ltd, had bought a five-acre farmhouse in south Delhi for around Rs 96 crore. The property, Pushpanjali Farm, is located at Bijwasan.

These farmhouses are generally built on a 1 acre to 2.5 acre property, and are spread over an area of 4,000 sq. ft. and above. These properties cost anything between Rs 20 crore and Rs 100 crore upwards. The most-sought-after locations are Westend Greens, Vasant Kunj, Chattarpur, Radhey Mohan Drive and Sultanpur.

Real estate experts say that demand has gone up post the pandemic, so much so that prices, too, have increased by almost 10-30 percent.

In a chat on The Moneycontrol Real Estate show, Amit Goyal, CEO, India Sotheby's International Realty, had said a buyer requires at least Rs 20 crore to Rs 100 crore to buy a farmhouse spread across an area of 1 acre to 2.5 acres with a built-up area of 5000 sq ft and above. He had also said that besides conventional farmhouses, there are developers who also sell built-to-suit farmhouses.