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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..