“Zomato CEO Deepinder Goyal Invests ₹50 Crore in Delhi’s Mehrauli Property”
Deepinder Goyal, the co-founder and CEO of the renowned online food delivery platform Zomato, has made a significant real estate investment by acquiring a plot in Delhi’s Mehrauli area for ₹50 crore, according to documents accessed by CRE Matrix. The deal, which includes a stamp duty payment of ₹3.50 crore, pertains to a freehold land spanning 2.53 acres in the village of Dera Mandi, situated in the tehsil of Mehrauli. The transaction was officially registered on September 1, 2024.
Deepinder Goyal, the co-founder and CEO of the renowned online food delivery platform Zomato, has made a significant real estate investment by acquiring a plot in Delhi’s Mehrauli area for ₹50 crore, according to documents accessed by CRE Matrix. The deal, which includes a stamp duty payment of ₹3.50 crore, pertains to a freehold land spanning 2.53 acres in the village of Dera Mandi, situated in the tehsil of Mehrauli. The transaction was officially registered on September 1, 2024.
This is not Goyal’s first foray into real estate in the Mehrauli region. In March 2023, he purchased a 2.5-acre land parcel from Luxalon Building Pvt Ltd for ₹29 crore, as revealed in documents accessed by CRE Matrix. The recent acquisition underlines Goyal’s continued interest in real estate development and investment.
Goyal, an alumnus of IIT Delhi, commenced his career with Bain & Company before co-founding Foodiebay in 2008 alongside Pankaj Chaddah. A year later, the duo founded Zomato, which has since become a prominent player in the online food delivery sector.
Despite the latest real estate transaction, Goyal remained tight-lipped and did not respond to inquiries from HT Digital.
The move aligns with a broader trend among affluent Indians, with 71% expressing a desire to invest in property within the next two years, as per the annual Luxury Outlook Survey 2024 conducted by India Sotheby’s International Realty (ISIR). Capital appreciation has emerged as the primary motivation for real estate investment, signaling a resurgence of investor confidence in the market.
In a similar vein, Peyush Bansal, the founder of Lenskart, acquired a house in Delhi’s upscale Neeti Bagh locality for ₹18 crore, according to documents accessed by CRE Matrix. The sale deed for the property was executed in Bansal’s name on May 19, 2023.
As high-profile entrepreneurs like Goyal continue to diversify their portfolios with strategic real estate investments, the market remains dynamic, reflecting the evolving priorities and motivations of investors in the current economic landscape.
Sources By Agencies
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