Nandan Nilekani family trust buys residence worth Rs 590 mn

12 Oct 2022 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’s second-biggest software developer since August 2017 and is also credited with building Aadhaar, India's identity card scheme.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..