Flipkart CEO buys Rs 8 crore luxury villa in East Bengaluru
Real Estate

Flipkart CEO buys Rs 8 crore luxury villa in East Bengaluru

Flipkart Chief executive officer (CEO) Kalyan Krishnamurthy has bought a luxury villa in East Bengaluru worth over Rs 8 crore.

According to Propstack, the built-up area of the villa at Adarsh Palm Retreat in Varthur Hobli is 4,921 sq ft and has been constructed on a plot measuring 6,918 sq ft.

The luxury villa, Adarsh Palm Retreat, is a gated community of 800 red-roofed Victorian villas spread across 110 acres.

India’s growing list of self-made ultra-rich individuals amid a boom in the startup sector is pushing demand for luxury housing.

Bhavesh Kothari, Founder of Property First, told the media that ultra-high-net-worth individuals (UHNWIs) are actively looking to buy a new home in 2022 due to an upsurge in their wealth. He added that the real estate sectors are witnessing increased transactions for good luxury properties.

According to an Orios Venture report, India witnessed 46 new unicorns in 2021, taking the number of startups with a valuation of a minimum of $1 billion to $90 billion. Last year, Indian startups raised $42 billion, up from $11.5 billion a year ago. These fundings at high valuations have made many startup founders and CEOs multi-millionaires in terms of the dollar.

According to Knight Frank, UHNWIs in India rose by 11% year-on-year (YoY) in 2021. Among the key Indian cities, Bengaluru witnessed the fastest growth of Ultra-high-net-worth individuals (UHNWIs), up 17.1% to 352 in 2021. It was followed by Delhi, up by 12.4% and 210, and Mumbai by 9% and 1,596.

Image Source

Also read: SKA Group will invest Rs 400 cr in luxury housing project in Noida

Flipkart Chief executive officer (CEO) Kalyan Krishnamurthy has bought a luxury villa in East Bengaluru worth over Rs 8 crore. According to Propstack, the built-up area of the villa at Adarsh Palm Retreat in Varthur Hobli is 4,921 sq ft and has been constructed on a plot measuring 6,918 sq ft. The luxury villa, Adarsh Palm Retreat, is a gated community of 800 red-roofed Victorian villas spread across 110 acres. India’s growing list of self-made ultra-rich individuals amid a boom in the startup sector is pushing demand for luxury housing. Bhavesh Kothari, Founder of Property First, told the media that ultra-high-net-worth individuals (UHNWIs) are actively looking to buy a new home in 2022 due to an upsurge in their wealth. He added that the real estate sectors are witnessing increased transactions for good luxury properties. According to an Orios Venture report, India witnessed 46 new unicorns in 2021, taking the number of startups with a valuation of a minimum of $1 billion to $90 billion. Last year, Indian startups raised $42 billion, up from $11.5 billion a year ago. These fundings at high valuations have made many startup founders and CEOs multi-millionaires in terms of the dollar. According to Knight Frank, UHNWIs in India rose by 11% year-on-year (YoY) in 2021. Among the key Indian cities, Bengaluru witnessed the fastest growth of Ultra-high-net-worth individuals (UHNWIs), up 17.1% to 352 in 2021. It was followed by Delhi, up by 12.4% and 210, and Mumbai by 9% and 1,596. Image Source Also read: SKA Group will invest Rs 400 cr in luxury housing project in Noida

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement