Nandan Nilekani family trust buys residence worth Rs 590 mn
12 Oct 2022
2 Min Read
CW Team
The NRJN Family Trust, established by Infosys Technologies cofounder and non-executive chairman Nandan Nilekani, has bought a residential property for about Rs 590 million, making it one of the largest property transactions seen in Bengaluru.
The property, measuring 9,600 sq ft with a total built up area of 4,200 sq ft, is situated at 3rd Block, Koramangala Extension. The deal was registered on September 26, as per the registry document shared by ZapKey. The property was earlier owned by Sumnesh Kumar.
Nilekani already owns another property in Koramangala 3rd block, the area is known as the boulevard of billionaires. In April this year, the NRJN Family Trust had bought a property for Rs 580 million in the same area. That property is spread over 9,600 sq ft and has a built-up area of 3,082 sq ft.
The tech capital of India is increasingly seeing investment in second homes by ultra-high net worth individuals (UHNIs) as the residential segment has witnessed a sharp recovery since the Covid-19 outbreak.
According to property consultants Knight Frank, 29% of the wealth of Indian UHNIs is allocated to the purchase of residential property.
Among the large deals closed recently in Bengaluru was SGK Investment Trust, the family office of Kris Gopalkrishnan, acquiring two properties in the Koramangala area for nearly Rs 760 million. Gopalkrishnan is also an Infosys cofounder and former CEO. Quess Corp executive chairman Ajit Isaac bought a bungalow in Koramangala for nearly Rs 520 million and Raja Bagmane acquired a residential property with 3,400 sq ft built-up area for Rs 400 million.
Nilekani has been non-executive chairman of the country鈥檚 second-biggest software developer since August 2017 and is also credited with building Aadhaar, India's identity card scheme.
See also:
Real estate PE investment up 40% in Apr-Sep
67% housing demand in Mumbai affordable segment
The NRJN Family Trust, established by Infosys Technologies cofounder and non-executive chairman Nandan Nilekani, has bought a residential property for about Rs 590 million, making it one of the largest property transactions seen in Bengaluru.
The property, measuring 9,600 sq ft with a total built up area of 4,200 sq ft, is situated at 3rd Block, Koramangala Extension. The deal was registered on September 26, as per the registry document shared by ZapKey. The property was earlier owned by Sumnesh Kumar.
Nilekani already owns another property in Koramangala 3rd block, the area is known as the boulevard of billionaires. In April this year, the NRJN Family Trust had bought a property for Rs 580 million in the same area. That property is spread over 9,600 sq ft and has a built-up area of 3,082 sq ft.
The tech capital of India is increasingly seeing investment in second homes by ultra-high net worth individuals (UHNIs) as the residential segment has witnessed a sharp recovery since the Covid-19 outbreak.
According to property consultants Knight Frank, 29% of the wealth of Indian UHNIs is allocated to the purchase of residential property.
Among the large deals closed recently in Bengaluru was SGK Investment Trust, the family office of Kris Gopalkrishnan, acquiring two properties in the Koramangala area for nearly Rs 760 million. Gopalkrishnan is also an Infosys cofounder and former CEO. Quess Corp executive chairman Ajit Isaac bought a bungalow in Koramangala for nearly Rs 520 million and Raja Bagmane acquired a residential property with 3,400 sq ft built-up area for Rs 400 million.
Nilekani has been non-executive chairman of the country鈥檚 second-biggest software developer since August 2017 and is also credited with building Aadhaar, India's identity card scheme.
See also: Real estate PE investment up 40% in Apr-Sep67% housing demand in Mumbai affordable segment
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
