{"id":863842,"date":"2026-06-20T16:00:00","date_gmt":"2026-06-20T14:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=863842"},"modified":"2026-06-19T15:30:00","modified_gmt":"2026-06-19T13:30:00","slug":"gupta-home-to-be-demolished-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/863842\/gupta-home-to-be-demolished-in-south-africa\/","title":{"rendered":"Gupta home to be demolished in South Africa"},"content":{"rendered":"\n

Notice has been given that one of the Saxonwold homes tied to the controversial Gupta family will be demolished and rebuilt.<\/p>\n\n\n\n

The notice was placed up in the past few weeks, giving interested parties until 17 July to raise any concerns.<\/p>\n\n\n\n

The reason for the notice and the submission window is that, like many properties in the area, the home is on a heritage property, which requires special permissions to alter.<\/p>\n\n\n\n

Saxonwold is one of the oldest suburbs in Johannesburg, having been developed into a township in 1925.<\/p>\n\n\n\n

Because of its age, the suburb is home to many heritage properties\u2014those generally older than 60 years and protected under the National Heritage Resources Act (NHRA).<\/p>\n\n\n\n

These properties require special permits for alterations, renovations, or demolition.<\/p>\n\n\n\n

Notice of the demolition was given by the property owners, listed as Confident Concept Pty (Ltd)\u2014the exact same Gupta-linked company that was forced to sell the properties at auction in 2025.<\/p>\n\n\n\n

The auction saw the disposal of three \u2018Gupta mansions\u2019 <\/strong><\/a>as part of the business rescue plan of Confident Concept.<\/p>\n\n\n\n

The company was involved in years-long litigation with the City of Johannesburg (CoJ), allegedly owing over R726,000 in rates and taxes.<\/p>\n\n\n\n

Other legal challenges ran concurrently, with the company and other Gupta-linked entities entering business rescue proceedings at the time.<\/p>\n\n\n\n

The Supreme Court of Appeal ruled that Confident Concept\u2019s assets go up for public auction, which resulted in the sale of the three Saxonwold properties for under R35 million.<\/p>\n\n\n\n

This was a massive discount on the properties’ combined value, pegged at R64 million at the time.<\/p>\n\n\n\n

The property now set for demolition is 3 Saxonwold Drive, the smallest of the properties, valued at R5.5 million and selling at auction for R3.3 million\u2014a 40% discount.<\/p>\n\n\n\n

Notably, the property was the only one sold at the public auction, with 5 and 7 Saxonwold Drive\u2014the larger properties\u2014selling privately at a later date.<\/p>\n\n\n\n

After the auction, residents in the area soon noted that the properties were back on the market. 3 Saxonwold Drive is currently listed as under offer, with a listed sale price of R4 million<\/strong><\/a>.<\/p>\n\n\n\n

The other Gupta properties are also listed for sale<\/strong><\/a>.<\/p>\n\n\n\n

According to the development notice, the existing house and outbuildings at 3 Saxonwold Drive will be demolished, making room for a new house, cottage and staff rooms.<\/p>\n\n\n\n

The property is a sizeable 3,687 square metre stand, dwarfing the 256 square metre main house that will demolished.<\/p>\n\n\n\n

To be demolished: No 3 Saxonwold Drive<\/h2>\n\n\n
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3 Saxonwold Drive demolition notice<\/figcaption><\/figure><\/div>\n\n
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3 Saxonwold Drive. Photo: Byron Thomas Properties<\/figcaption><\/figure><\/div>\n\n
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3 Saxonwold Drive. Photo: Provided<\/figcaption><\/figure><\/div>\n\n
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3 Saxonwold Drive. Photo: Provided<\/figcaption><\/figure><\/div>\n\n
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3 Saxonwold Drive. Photo: Seth Thorne<\/figcaption><\/figure><\/div>\n\n
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3 Saxonwold Drive.<\/figcaption><\/figure><\/div>\n\n
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3 Saxonwold Drive<\/figcaption><\/figure><\/div>\n\n
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3 Saxonwold Drive<\/figcaption><\/figure><\/div>\n\n
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3 Saxonwold Drive<\/figcaption><\/figure><\/div>","protected":false},"excerpt":{"rendered":"

Notice has been given that one of the Saxonwold homes tied to the controversial Gupta family will be demolished and rebuilt.<\/p>\n","protected":false},"author":10,"featured_media":863844,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[5055,22957],"class_list":["post-863842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-gupta","tag-saxonwold"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=863842"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863842\/revisions"}],"predecessor-version":[{"id":863976,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863842\/revisions\/863976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/863844"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=863842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=863842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=863842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}