NR Narayana Murthy, the billionaire co-founder of Infosys, has recently made a remarkable real estate investment in Bengaluru, India’s tech capital. The 78-year-old business magnate has acquired a luxury apartment in the upscale Kingfisher Towers, marking his second purchase in the prestigious building. Here’s a closer look at the details of this high-profile real estate deal.
The New Flat in Kingfisher Towers
Murthy’s latest acquisition is a lavish 4-bedroom apartment located on the 16th floor of Kingfisher Towers in Bengaluru. This premium residence spans approximately 8,400 square feet, offering ample space and luxury in one of the most sought-after addresses in the city. The apartment comes with five designated car park spaces, catering to the convenience and lifestyle of the Infosys co-founder.
The Price Tag: A Record-Breaking Deal
The deal has set a new benchmark for luxury real estate in Bengaluru. Murthy purchased the property at a staggering price of Rs 59,500 per square foot. The total cost of the transaction amounts to Rs 50 crore, making it one of the most expensive real estate deals in the city’s bustling commercial center.
This deal follows Murthy’s earlier purchase in Kingfisher Towers, four years ago. In 2020, he had acquired a flat on the 23rd floor of the same tower for Rs 29 crore, underscoring his affinity for this luxurious address. The new purchase marks a continued investment in Bengaluru’s elite real estate market.
Kingfisher Towers: A Prestige Address
Kingfisher Towers, located in the heart of UB City, Bengaluru, is one of the most prestigious addresses in the city. This exclusive development spans 4.5 acres and consists of 81 bespoke apartments spread across three blocks. Each of the 34-storey towers offers apartments averaging 8,321 square feet in size, making it an epitome of luxury living.
Interestingly, the land on which Kingfisher Towers stands once belonged to the ancestral home of businessman Vijay Mallya, adding to the historical significance of the location. The towers’ design, amenities, and location all contribute to its status as one of the most coveted residential complexes in Bengaluru.
Narayana Murthy’s Wealth and Influence
NR Narayana Murthy is widely recognized as one of India’s most influential business leaders. Co-founding Infosys in 1981, Murthy played a pivotal role in shaping the Indian IT industry. Although he stepped down as chairman of Infosys in 2011 after 30 years, he returned in 2013 to oversee the transition of the company’s management to a professional CEO in 2014. As of December 2024, Murthy holds a minority stake in Infosys, which continues to be one of the largest and most successful IT companies in India. According to real-time data from Forbes, Murthy’s net worth stands at $5.3 billion, marking a significant increase from $1.9 billion in 2020. His wealth has steadily grown, reflecting both the success of Infosys and his own astute investments.