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Irrespective of the sky-high costs and superlatively high luxury quotient, not many private abodes in the world can match up to the grandeur and extraordinary charm of the residence of India’s first citizen – the President. One of the finest specimens of architectural excellence and enormity across the globe, the Rashtrapati Bhavan is a unique mix of being a power centre and a citadel that speaks volumes of the country’s cultural heritage. It is not only the residence of the nominative head of the government in the world’s biggest democracy but also the biggest presidential residence in the world. The residence is a unique fusion of the European, Mughal, Hindu and Buddhist architectural styles.
Situated at the eastern edge of Rajpath facing the iconic India Gate, the Rashtrapati Bhavan, once the Viceregal Palace, has nine tennis courts, a polo ground, a 14-hole golf course and a cricket ground along with the Mughal Gardens.
Rashtrapati Bhavan valuation
Spread across 350 acres in the centre of the national capital, known as the Lutyens Bungalow Zone (LBZ), the magnificent building was constructed at an estimated cost of Rs 14 million at that time. To put a figure to its value at present, its cost would be approximately Rs 2.65 billion, factoring in a conservative 6% inflation rate over 90 years.
Since almost all the land in the LBZ is owned by the central government, it is not possible to arrive at the precise value of the Rashtrapati Bhavan. However, if we were to arrive at a rough estimate of the land value of the building, the cost for the 350-acre area (1,52,46,000 sq ft) would come around Rs 2.52 lakh crores (Rs 2.52 trillion), considering the current rates of Rs 1.65 lakhs per sq ft at which the last transaction took place in the LBZ in August 2020.
Mughal Gardens at Rashtrapati Bhavan
See also: Golconda Fort valuation
Key facts about Rashtrapati Bhavan
|Edwin Landseer Lutyen|
|Total number of workers|
|Rs 14 million
*According to Lutyens, the money invested in the construction of the building was smaller in amount as compared to the cost of two warships.
|Year of completion|
|Time taken for completion|
|Estimated: 4 years; total time taken: 17 years|
|2,00,000 sq ft|
|Floors and rooms|
|4 floors and 340 rooms|
|Built by using 700 million bricks and three million cubic ft of stone. No steel has gone into the construction of the building.|
|European, Mughal, Hindu and Buddhist|
|Erstwhile residence of|
|Now residence of|
|The value of great buildings is a matter of great curiosity and interest to us. In our day-to-day lives, however, we may need to know the valuation of properties, for the purpose of sale, rent, etc. To find out the value of the property you are interested in, check out Housing.com’s Property valuation calculator.|
Apart from the lavish Mughal Gardens which opens to the public from mid-February to mid-March, visitors can get a guided tour of the Durbar Hall, Lutyens Gallery, Long Drawing Room, Ashoka Hall, Children’s Gallery and Gift Museum.
Entry to specific parts of the Rashtrapati Bhavan and the Mughal Gardens is free.
What is the construction cost of the Rashtrapati Bhavan?
The Rashtrapati Bhavan was constructed at a cost of Rs 14 million.
Who designed the Rashtrapati Bhavan?
Edwin Landseer Lutyen was the architect of the Rashtrapati Bhavan.
Are visitors allowed in the Rashtrapati Bhavan?
Visitors can enter some parts of the Rashtrapati Bhavan, without having to pay any charges.
(All images have been taken from official website of Rashtrapati Bhawan)