Infosys founder NR Narayana Murthy has reportedly bought his second luxury apartment in Bangalore’s Kingfisher Towers. INR5 billion. Located on the 16th floor, the 8,400 square foot unit features four bedrooms and five private parking spaces.
According to a report published by the Times of India, the deal will set prices as follows: INRAt $59,500 per square foot, it’s one of the most expensive in the city.
Located within the Central Business District (CBD), UB City offers a plethora of experiences, from residential to business, and has been the talk of the city since its inception.
Kingfisher Towers is a 34-storey luxury residential complex with approximately 81 units (4 BHK) starting from 8,000 sq ft spread over three buildings on 4.5 acres of land. Luxury apartments are located on the top two floors.
Once the ancestral home of Vijay Mallya, the land was developed in 2010 in a joint venture between Prestige Group and Mallya’s company. These luxury apartments were initially sold at retail prices. INR22,000 per square foot.
More deals in Bangalore
According to the report, Murthy’s new apartment was purchased from a Mumbai-based businessman who had owned the property for nearly a decade, with Sadhwani Real Estate Holdings brokering the deal.
This follows previous high-profile deals at Kingfisher Towers, including one in which Murthy’s wife, Sudha Murthy, bought an apartment. INRFour years ago, there was $290 billion on the 23rd floor.
Other prominent residents include Biocon Kiran Mazumdar Shaw and Karnataka minister KJ George’s son Rana George, the report said.
Prominent corporate executives such as Kiran Mazumdar Shaw of Biocon, Sachin Bansal of Flipkart, Ananth Narayanan of Mensa Brands, and Nikhil Kamath of Zerodha have lived in wealthy residential areas. I’m here. The amount each resident pays is INR$500,000 in maintenance for one quarter. Local brokers told HT.com that the project’s amenities include a luxurious roof line.
Earlier this year, Ajit Isaac, chairman and managing director of Bengaluru-based company Quess Corp., bought a property worth 10,000 square feet. INR67.5 billion for Koramangala district, the billionaire’s street of the IT capital. The price per square foot of the deal is approx. INRAt $70,300 per square foot, it will be Bangalore’s most expensive deal so far.
