Infosys Founder Purchases Rs 500 Million Flat in Kingfisher Towers

09 Dec 2024 CW Team

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’s 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’s 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’s 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’s 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.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..