Infosys Founder Purchases Rs 500 Million Flat in Kingfisher Towers
09 Dec 2024
2 Min Read
CW Team
Infosys founder NR Narayana Murthy has purchased a second flat in the upscale Kingfisher Towers in Bengaluru for Rs 500 million, establishing a new record for residential property prices in the Central Business District (CBD) area.
The luxurious four-bedroom residence, located on the 16th floor, spans approximately 8,400 square feet and includes five designated car parking spaces. Four years earlier, Murthy's wife, author and Rajya Sabha member Sudha Murthy, had acquired a flat on the 23rd floor for Rs 290 million.
The recent transaction, which valued the apartment at Rs 59,500 per square foot, is considered one of the most expensive in the city鈥檚 thriving commercial centre. An email sent to Murthy for comment on the purchase did not receive a response by the time the story was published.
The 4.5-acre Kingfisher Towers, located at UB City, consists of 81 bespoke apartments spread across three blocks in the city's heart. Each residence in the 34-storey structure averages 8,321 square feet. The towers were constructed on the site of Vijay Mallya's ancestral home.
In 2010, the Prestige Group and Mallya jointly developed Kingfisher Towers, selling 41 luxury apartments, with prices starting at Rs 22,000 per square foot.
Murthy bought the flat from a Mumbai-based businessman who had owned the property for nearly a decade. Bengaluru鈥檚 Sadhwani Real Estate Holdings acted as the seller's representative. According to reports, the luxury property had seen some resale activity, with several high-profile tenants occupying the apartments. Notable owners of units include Biocon executive chairperson Kiran Mazumdar-Shaw.
Two years ago, Rana George, son of Karnataka's energy minister KJ George, purchased a flat worth Rs 350 million. In 2017, Embassy Group sold a Rs 500 million apartment to Ajit Prabhu, chairman and CEO of Quest Global, making it the highest residential transaction in Bengaluru at that time. Prabhu acquired a 16,000-square-foot apartment in Embassy One near Hebbal for about Rs 31,000 per square foot.
Infosys founder NR Narayana Murthy has purchased a second flat in the upscale Kingfisher Towers in Bengaluru for Rs 500 million, establishing a new record for residential property prices in the Central Business District (CBD) area.
The luxurious four-bedroom residence, located on the 16th floor, spans approximately 8,400 square feet and includes five designated car parking spaces. Four years earlier, Murthy's wife, author and Rajya Sabha member Sudha Murthy, had acquired a flat on the 23rd floor for Rs 290 million.
The recent transaction, which valued the apartment at Rs 59,500 per square foot, is considered one of the most expensive in the city鈥檚 thriving commercial centre. An email sent to Murthy for comment on the purchase did not receive a response by the time the story was published.
The 4.5-acre Kingfisher Towers, located at UB City, consists of 81 bespoke apartments spread across three blocks in the city's heart. Each residence in the 34-storey structure averages 8,321 square feet. The towers were constructed on the site of Vijay Mallya's ancestral home.
In 2010, the Prestige Group and Mallya jointly developed Kingfisher Towers, selling 41 luxury apartments, with prices starting at Rs 22,000 per square foot.
Murthy bought the flat from a Mumbai-based businessman who had owned the property for nearly a decade. Bengaluru鈥檚 Sadhwani Real Estate Holdings acted as the seller's representative. According to reports, the luxury property had seen some resale activity, with several high-profile tenants occupying the apartments. Notable owners of units include Biocon executive chairperson Kiran Mazumdar-Shaw.
Two years ago, Rana George, son of Karnataka's energy minister KJ George, purchased a flat worth Rs 350 million. In 2017, Embassy Group sold a Rs 500 million apartment to Ajit Prabhu, chairman and CEO of Quest Global, making it the highest residential transaction in Bengaluru at that time. Prabhu acquired a 16,000-square-foot apartment in Embassy One near Hebbal for about Rs 31,000 per square foot.
Next Story
unWOOD transforms plastic waste into durable wood alternative
unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..
Next Story
H盲fele launches Matrix undermount runners range
H盲fele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..
Next Story
India's first AI-integrated campus announced in Noida
Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..
