India, Feb. 11 -- A massive real estate deal in the heart of Delhi is making headlines. And why not? Maharaja Manujendra Shah of Tehri Garhwal is reportedly planning to sell his 3.2-acre bungalow on Bhagwan Dass Road in Lutyens' Delhi for whopping Rs.1,000 crore.

The Maharaja is selling the property to a Delhi-based entrepreneur with a strong presence in food and beverages business, who is also in talks to buy former prime minister late Jawaharlal Nehru's first official residence, Moneycontrol reported. The identity of the buyer of the key properties in Delhi's Lutyens Bunglow Zone (LBZ) hasn't been disclosed.

A leading law firm has issued a public notice on behalf of the buyer as the final step in the process, the Economic Times report...