Infosys’ Narayana Murthy buys luxurious flat in Kingfisher Towers for Rs 50 crore

Infosys founder NR Narayana Murthy purchased a second flat within the upscale Kingfisher Towers in Bengaluru. The luxurious flat, valued at Rs 50 crore, has established a brand new benchmark for residential property costs within the space, sources advised TOI. The expansive residence, located on the sixteenth ground, spans roughly 8,400 sft. It options 4 bedrooms and contains 5 designated automobile parking areas.
This actual property transaction seems to have set a brand new benchmark, commanding Rs 59,500 per sft for an condo, standing as one of the crucial costly charges within the bustling industrial centre of the town. An e mail despatched to Murthy on the matter didn’t elicit a response until the time of going to press.
Kingfisher Towers at UB Metropolis homes bespoke flats within the coronary heart of the town. Constructed on a 4.5-acre land parcel, it has 81 flats in three blocks. The luxurious growth options a formidable 34-storey construction housing 81 luxurious residences, every averaging 8,321 sft in dimension. The towers are constructed on land the place Vijay Mallya’s ancestral house as soon as stood. Status offered its share of 41 luxurious flats in Kingfisher Towers, a joint growth executed between the Status Group and Mallya again in 2010. When the mission was launched, flats had been offered at Rs 22,000 per sft.
Murthy purchased the flat from a Mumbai-based businessman who bought the property almost a decade in the past. Bengaluru-based Sadhwani Actual Property Holdings represented the vendor. In line with reviews acquired by TOI, the luxurious property witnessed some resale exercise, with a number of high-profile tenants occupying the premises. 4 years again, creator and Rajya Sabha member Sudha Murty purchased the preliminary flat on the twenty third ground for Rs 29 crore in the identical luxurious residential growth. A couple of different outstanding house owners embody Biocon government chairperson Kiran Mazumdar-Shaw.
Two years in the past, Karnataka vitality minister KJ George’s son, Rana George, purchased a flat valued at Rs 35 crore. In 2017, the Embassy Group offered an condo for Rs 50 crore to Ajit Prabhu, chairman and CEO of engineering outsourcing firm Quest International, making it the largest residential deal ever in Bengaluru. Prabhu purchased the 16,000 sft condo in Embassy One close to Hebbal at a per sft price of about Rs 31,000.