+
Nandan Nilekani family trust buys residence worth Rs 590 mn
Real Estate

Nandan Nilekani family trust buys residence worth Rs 590 mn

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’s 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’s 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

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code