Narayana Murthy's Luxurious Real Estate Deal: A Billionaire's New Home in Bengaluru

Infosys co-founder Narayana Murthy acquires a luxurious apartment in Bengaluru's Kingfisher Towers for Rs 50 crore. Find out how much he paid for the sprawling 8,400-square-foot property.

Real EstateLuxury PropertiesBengaluruNarayana MurthyInfosysKingfisher TowersReal Estate MumbaiDec 09, 2024

Narayana Murthy's Luxurious Real Estate Deal: A Billionaire's New Home in Bengaluru
Real Estate Mumbai:Narayana Murthy, the billionaire businessman and co-founder of Infosys, has made a significant real estate investment in Bengaluru. He has acquired a luxurious apartment in the Kingfisher Towers, a premium residential complex known for being a top choice for billionaires and other prominent personalities in the city.

The apartment, located on the 16th floor of the Kingfisher Towers, spans an impressive 8,400 square feet and comes with five parking spaces. According to a report by the Times of India, Murthy acquired the property for Rs 59,500 per square foot, making it one of the most expensive real estate deals in India's IT capital.

Murthy bought the property from a Mumbai-based businessman who had owned it for nearly a decade. This acquisition marks a significant expansion of Murthy's real estate portfolio, and it's a testament to his commitment to investing in high-end properties.

The Kingfisher Towers, also known as Billionaires' Tower, is a sought-after residential complex in Bengaluru. Its premium location and luxurious amenities make it an attractive choice for high-net-worth individuals and celebrities. With this acquisition, Murthy has joined the ranks of other billionaires who own properties in this prestigious complex.

As a successful entrepreneur and philanthropist, Narayana Murthy has made a significant impact on India's business landscape. His commitment to hard work and dedication has inspired many, and his latest real estate investment is a testament to his continued success and influence.

In conclusion, Narayana Murthy's acquisition of the luxurious apartment in Kingfisher Towers is a significant real estate deal that highlights his commitment to investing in high-end properties. As a billionaire businessman and co-founder of Infosys, Murthy continues to make waves in the business world, and this acquisition is a testament to his continued success and influence.

Frequently Asked Questions

How much did Narayana Murthy pay for the luxurious apartment in Kingfisher Towers?

According to a report by the Times of India, Murthy acquired the property for Rs 59,500 per square foot, making the total amount Rs 50 crore.

Where is the Kingfisher Towers located?

The Kingfisher Towers is located in Bengaluru, India, and is a premium residential complex known for being a top choice for billionaires and other prominent personalities.

Who owned the property before Narayana Murthy?

The property was owned by a Mumbai-based businessman for nearly a decade before Murthy acquired it.

What are the amenities of the Kingfisher Towers?

The Kingfisher Towers offers luxurious amenities, including five parking spaces, and is a sought-after residential complex in Bengaluru.

What is the significance of Narayana Murthy's real estate investment?

Murthy's acquisition of the luxurious apartment in Kingfisher Towers marks a significant expansion of his real estate portfolio and highlights his commitment to investing in high-end properties.

Related News Articles

Sattva Group Eyes Ambitious Growth in Housing Sales, Targets Rs 6,500 Crore This Fiscal
Real Estate Mumbai

Sattva Group Eyes Ambitious Growth in Housing Sales, Targets Rs 6,500 Crore This Fiscal

The Bengaluru-based realty firm plans to launch multiple projects to achieve 85% growth in sales of residential properties, with a significant presence in South India

June 30, 2024
Read Article
The Impact of Water-Logging on Mumbai's Real Estate Market
Real Estate Mumbai

The Impact of Water-Logging on Mumbai's Real Estate Market

Water-logging in Mumbai affects property and rental values, with rates being 10-20% lower in areas prone to flooding

July 1, 2024
Read Article
MahaRERA Gets New Chairman: Manoj Saunik Takes the Reins
Real Estate Maharashtra

MahaRERA Gets New Chairman: Manoj Saunik Takes the Reins

Former Maharashtra chief secretary Manoj Saunik has been appointed as the chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA). Saunik will take charge after incumbent MahaRERA chairman Ajoy Mehta retires on September 20.

July 17, 2024
Read Article
Indian Real Estate Sector: Expectations from Union Budget 2024
Real Estate

Indian Real Estate Sector: Expectations from Union Budget 2024

The Indian real estate sector anticipates significant reforms in the upcoming budget, including GST reduction, lower interest rates, and industry status

July 22, 2024
Read Article
Ashoka Buildcon's Land Sale Sends Shares Soaring to 52-Week High
Real Estate Pune

Ashoka Buildcon's Land Sale Sends Shares Soaring to 52-Week High

Ashoka Buildcon's subsidiary, Viva Highways Limited, sells land in Hinjewadi, Pune for Rs 453 crore, boosting shares to a 52-week high.

September 6, 2024
Read Article
Douglas Elliman Reports Growth Amid Market Challenges
real estate news

Douglas Elliman Reports Growth Amid Market Challenges

The real estate market shows promise for future profitability. The management's emphasis on ROI and careful agent growth suggests a sustainable approach to business expansion.

November 10, 2024
Read Article