Narayana Murthy: Infosys co-founder purchases a luxury apartment in Bengaluru's Kingfisher Towers for Rs 50 crore

Narayana Murthy Buys Luxury Apartment In Bengaluru: Narayana Murthy, co-founder of Infosys, recently made news when he paid ?50 crore for a luxurious flat in Bengaluru's upscale Kingfisher Towers. Situated in the center of the city, this landmark residential structure is renowned for its exquisite design, first-rate amenities, and connections to some of Bengaluru's wealthiest figures. The apartment, which offers stunning views, roomy interiors, and special features, is part of a high-rise that is redefining luxury living in the city. A testimony to the expanding trend of luxury living among India's corporate elites, Murthy's investment underlines his choice for premier real estate. This acquisition not only demonstrates his accomplishments but also Kingfisher Towers' standing as a Bengaluru landmark of refinement and prestige.

Who is Narayana Murthy?

One of the top providers of IT services globally, Infosys, was co-founded by Indian businessman Narayana Murthy. He was born in Karnataka on August 20, 1946, and is regarded as a pioneer in the Indian software industry. As CEO of Infosys from 1981 to 2002, he was instrumental in building the company into a multinational technology behemoth and encouraging creativity and morality in the workplace. Murthy is renowned for his leadership, simplicity, and commitment to the development of his country. Recipient of esteemed honors such as the Padma Vibhushan and Padma Shri, he continues to inspire millions of people worldwide as a symbol of brilliance and generosity.

Everything you need to know about Narayana Murthy luxury apartment in Bengaluru

Credit: UB City Bengaluru

According to reports, Infosys founder NR Narayana Murthy made a prominent real estate move when he paid Rs 50 crore for a second opulent flat in Bengaluru's renowned Kingfisher Towers, setting a new pricing standard for the neighborhood. Situated on the sixteenth floor, the 8,400-square-foot home has four bedrooms and five designated parking spots.

According to a Times of India story, the sale has one of the highest prices in the city's posh commercial district, at Rs 59,500 per square foot. On a 4.5-acre plot of land in the desirable UB City neighborhood, Kingfisher Towers consists of 81 opulent apartments dispersed across three blocks. The average size of the apartments in the 34-story complex is 8,321 square feet.

Credit: Wikipedia

In 2010, Vijay Mallya's firm and the Prestige Group entered into a joint venture to develop the site that had previously housed his family home. The flats were first offered for sale for Rs 22,000 per square foot. According to the report, Sadhwani Real Estate Holdings brokered the acquisition of Murthy's new apartment from a businessman in Mumbai who had held the property for over ten years.

This comes after a string of high-profile deals in Kingfisher Towers, such as the one four years ago when Murthy's wife, Sudha Murty, paid Rs 29 crore for a 23rd-floor apartment. Kiran Mazumdar-Shaw of Biocon and Rana George, the son of Karnataka Minister KJ George, are two more notable locals.

To stay updated on the stories that are going viral follow Indiatimes Trending.