Entrepreneur Raj Kundra Acquires Exclusive Penthouse At GB Realty’s Opus One In New Chandigarh
Chandigarh, July 15, 2026: Entrepreneur Raj Kundra has acquired a penthouse at Opus One, a luxury residential project by GB Realty in New Chandigarh. The strategic acquisition highlights the growing demand for luxury homes within the region’s planned urban developments. Opus One stands as the only government-approved, iconic residential development in New Chandigarh and offers a limited collection of high-end residences, GB Realty said in a press release.
The high-profile acquisition comes as New Chandigarh continues to draw affluent homebuyers looking beyond conventional city centres. Planned as a low-density extension of Chandigarh, the area has witnessed steady residential development over the past few years. This growth is strongly supported by organised infrastructure, larger green cover, and improved connectivity to Chandigarh, Mohali, and Panchkula.Opus One is recognized among the most prominent residential projects in the township. The development has notably received IGBC pre-Platinum certification for green building standards and comprises spacious residences, landscaped open areas, and a wide range of premium resident facilities. Its premium location overlooking the Shivalik range has been one of the defining characteristics of the project since its initial launch.
Reflecting on the shifting market dynamics, Gurinder Bhatti, Chairman and Managing Director of GB Realty, said, “Luxury homebuyers today are placing greater value on privacy, location and the overall quality of the neighbourhood than on the size of a residence alone. That shift has been reflected in the demand we have seen at Opus One. New Chandigarh is evolving into a mature residential market, and interest from entrepreneurs, professionals and business families reinforces our belief that well-planned developments in emerging locations will continue to attract discerning buyers.”
According to statements from the company, the project has successfully attracted premium buyers from all across North India. Demand is heavily driven by both end-users and individuals seeking second homes in a relatively less congested urban environment. The unique combination of planned development, lower density, and close proximity to Chandigarh has helped New Chandigarh establish itself as a distinct residential market rather than a mere extension of the main city.
For GB Realty, this high-end transaction adds to a recent series of luxury home sales at Opus One as the project continues to see sustained demand from buyers looking for larger residences with greater privacy. The market for luxury housing in the region is becoming increasingly preference-driven, with buyers evaluating projects on key factors such as location, planning standards, environmental credentials, and long-term liveability rather than specifications alone. With Raj Kundra joining the list of homeowners at Opus One, the project continues to strengthen its position within New Chandigarh’s emerging luxury residential segment.
