India, Sept. 4 -- An Indian beverage tycoon is poised to snap up a 14,973 sq. m residential estate in the plush Lutyens' zone, once the first home of Jawaharlal Nehru in Delhi, for Rs.1,100 crore, in what could become the country's most expensive real estate transaction, people familiar with the matter told HT.com.

A Delhi-based law firm is currently scrutinising the title of the property, which is owned by sisters Raj Kumari Kacker and Bina Rani.

A leading law firm (Luthra & Luthra Law Offices) has issued a public notice as part of the final due diligence. The notice reads "Our client is desirous of acquiring residential property situated at plot no 5, Block no 14, 17 Motilal Nehru Marg, New Delhi, admeasuring 14,973.383 sq m and for t...