Dua Associates | View firm profile
New Delhi, September 2025 – Dua Associates has successfully steered a two-part real estate transaction in the heart of New Delhi’s prestigious Lutyens Bungalow Zone (LBZ), acting for Maharaj Kumar Yashwant Singh Ji Sahib of Alwar (https://en.wikipedia.org/wiki/Sawai_Tej_Singh_Naruka) in both the acquisition of a new residence and the sale of his historic family estate.
Part I – A Royal Move to Golf Links in a deal worth ₹100 crores front-ended by Dua Associates
In one leg, Dua Associates advised Yashwant Singh, scion of Rajasthan’s erstwhile royal family of Alwar, on the acquisition of a stylish 704.4-sq. yards bungalow in Golf Links for ₹100 crores.
The team, led by Partner Salil Gulati along with Partner Sahil Dhawan, Principal Associate Kapil Saxena and real estate subject expert Narinder Mohan, handled every facet of the transaction: exhaustive legal due diligence, structuring, drafting and negotiation of documentation, and seamless closing. The firm also guided on the requisite clearances and the payment of over ₹8 crores in stamp duty, registration fee and corporation tax.
The seller, in this transaction was Anu Jindal of DLF “The Camellia”, who was represented by a team from Savills India.
Completed in record time, the deal earned the client’s appreciation.
Part II – Dua Associates advises on record-setting real estate sale of ₹310 crores
Dua Associates being the long-term legal advisers of the Alwar royal family also counselled them on divesting their iconic bungalow on APJ Abdul Kalam Road (formerly Aurangzeb Road)—a colonial-era property spread over 3,540 sq. yards—to Gentex Merchants Pvt. Ltd., a company linked to steel magnate Lakshmi Mittal. Registered at ₹310 crores, the transaction ranks among 2025’s costliest property deals in Delhi, with the buyer paying ₹24.80 crores in stamp duty, registration fee and corporation tax.
Again, led by Partner Salil Gulati along with Partner Sahil Dhawan, Principal Associate Kapil Saxena and real estate subject expert Narinder Mohan, under the able guidance of the doyen of real estate advisory, the late Shashivansh Bahadur, the team oversaw legal due diligence, deal structuring, regulatory clearances and approvals and comprehensive documentation, ensuring a swift and secure close to a marquee transaction that underscores the enduring allure of Lutyens Delhi.
The purchaser in this transaction was represented by a team from Shardul Amarchand Mangaldas (SAM).
Setting a Benchmark in High-Value Real Estate Advisory
From sourcing and structuring to execution, Dua Associates’ end-to-end counsel exemplifies the firm’s ability to manage complex, high-value real estate matters with speed, discretion and precision. This two-part transaction—culminating in both a strategic downsizing and a record-setting sale, reaffirms Dua Associates’ position as a go-to advisor for India’s most discerning property clients.
About Dua Associates: Dua Associates is a leading law firm in India with a nearly 4-decade track record of delivering critical legal solutions for its clients including Fortune 500 companies, financial institutions, governments and SMEs. The Firm is widely recognized for the depth of experienced legal talent and the significant experience of its 250 professionals including 75 partners.