new delhi former ranbaxy ceo ds brar currently chairman of gvk bio is close to buying a bungalow in delhis posh sunder nagar said two persons having knowledge of the transaction homes in this leafy lutyens zone neighbourhood cost in the region of rs 100 crore the jain family which runs delhi flour mills has entered into an agreement to sell the 865 square yard house a public notice was published in newspapers by law firm sc nanda co on august 30 asking whether there were any objections to the sale of the property according to sources the agreement to sell was signed toward the end of august and the due diligence process is currently on the transaction will conclude 90 days from the signing of the agreement to sell the person said not wanting to be named mohit jain did not respond to an email sent to him and his office brar said he has looked at some properties to buy but he did not confirm whether they included the one in sunder nagar we have looked at a few but no sale has taken place yet he said brar who worked with ranbaxy from 1977 to 2004 played a pivotal role in making it indias largest drug maker with an extensive international footprint he was closely associated with parvinder singh the late chairman and managing director of the company that sun pharmaceuticals is taking over from japans daiichi sankyo in a record 4billion deal sale of homes in the lutyens bungalow zone has picked up pace over the past few months after almost two years of relative inactivity property brokers say the positive environment after the change in government and the prospect of an economic and business revival have encouraged prospective buyers many businessmen businessmenturnedpoliticians politicians and investors are on the lookout for properties the ruias promoters of the essar group recently sold a bungalow in delhis jor bagh area for about rs 100 crore indiabulls cofounder rajiv rattan recently purchased a bungalow on amrita shergill marg for rs 220 crore