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
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.
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.
The property was owned by a Mumbai-based businessman for nearly a decade before Murthy acquired it.
The Kingfisher Towers offers luxurious amenities, including five parking spaces, and is a sought-after residential complex in Bengaluru.
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.
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
Water-logging in Mumbai affects property and rental values, with rates being 10-20% lower in areas prone to flooding
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.
The Indian real estate sector anticipates significant reforms in the upcoming budget, including GST reduction, lower interest rates, and industry status
Ashoka Buildcon's subsidiary, Viva Highways Limited, sells land in Hinjewadi, Pune for Rs 453 crore, boosting shares to a 52-week high.
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.