New Delhi, August 01: Entrepreneur and investor Dr. Ritesh Malik has acquired a bungalow in Golf Links, one of the most exclusive and closely-held addresses in New Delhi’s Lutyens Bungalow Zone (LBZ), in a deal facilitated by Sotheby’s International Realty.
The move marks Dr. Malik’s entry into an enclave long defined by old business dynasties and diplomatic families. It adds him to a growing roster of entrepreneurs who have made their way into the zone in recent years, showcasing how startup success can translate into tangible long-term scale.
The purchase also reflects a longer standing relationship between Dr. Malik and Sotheby’s, dating back to his years building Innov8 Coworking, where the firm was engaged for its expertise and transparency in the Lutyens Delhi market. Real estate continues to be a significant part of Dr. Malik’s family office, The Mangrove Holdings, which has made institutional investments alongside developers including Max Estates across its Noida and Gurugram projects.
Golf Links in Lutyens Delhi is one of the most sought-after addresses in the country, marked by some of the lowest plot densities in the LBZ, a central location within the city, close proximity to key government and administrative institutions, and extensive green cover that has long defined the character of the zone. The area has long counted some of the country’s most prominent business families among its residents, including the Mittals, the Hindujas, the Goenkas, the Jindals, and the Ruias, alongside the more recent arrival of tech entrepreneurs such as Paytm’s Vijay Shekhar Sharma and even celebrities such as Sonam Kapoor.
Dr. Malik plans to reconstruct the property before moving in, a process expected to take close to a year.