Infosys founder NR
Narayana Murthy has made headlines once again with his purchase of a second luxury apartment in Bengaluru's prestigious Kingfisher Towers. The apartment, located in the city’s central business district (CBD), was bought for Rs 50 crore, setting a record price in the city’s upscale real estate market. This acquisition highlights Murthy’s preference for premium properties and adds to the elite status of Kingfisher Towers, home to many prominent business figures. With the purchase, Narayana Murthy joins an exclusive list of high-profile owners in one of Bengaluru's most coveted residential complexes.
Narayana Murthy buys luxury apartment in Bengaluru
The luxurious four-bedroom apartment spans approximately 8,400 square feet and boasts five dedicated car parking spaces. Located on the 16th floor of Kingfisher Towers, the property was bought from a Mumbai-based businessman, with Sadhwani Real Estate Holdings facilitating the transaction. The price of Rs 59,500 per square foot marks one of the highest rates for residential properties in Bengaluru’s commercial hub.
The purchase follows a previous transaction by Narayana Murthy’s wife,
Sudha Murty, who bought a Rs 29 crore apartment on the 23rd floor of the same building four years ago. The Murthy family's increasing real estate investments reinforce Kingfisher Towers' reputation as a residence for the elite.
About Bengaluru's Kingfisher Towers
Kingfisher Towers, a joint development by Prestige Group and Vijay Mallya in 2010, is a landmark in Bengaluru's UB City. Built on the site of Vijay Mallya’s ancestral home, the 34-story complex spans 4.5 acres and houses 81 luxury apartments. Each unit averages 8,321 square feet and includes state-of-the-art amenities and expansive living spaces.
The project initially launched apartments at Rs 22,000 per square foot but has since witnessed a significant appreciation in property value. Current rates reflect the exclusivity and prime location of the development.
Prominent residents include Biocon’s Kiran Mazumdar-Shaw, Karnataka Energy Minister KJ George’s son Rana George, and other influential figures such as Flipkart co-founder Sachin Bansal and Zerodha co-founder Nikhil Kamath.
Sudha Murty, and other notable buyers at Kingfisher Towers
Kingfisher Towers has been the site of several high-profile real estate deals:
- Sudha Murty's purchase (2019): Bought a Rs 29 crore apartment on the 23rd floor.
- Rana George's purchase (2022): Acquired a Rs 35 crore apartment.
- Ajit Prabhu’s Embassy One Purchase (2017): Purchased a 16,000-square-foot apartment for Rs 50 crore, setting a benchmark at Rs 31,000 per square foot.
Kingfisher Towers features and amenities
Residents of Kingfisher Towers enjoy world-class amenities, including:
- A stunning rooftop skyline view.
- Extensive parking facilities.
- State-of-the-art security systems.
- Spacious recreational areas.
In addition to the opulence of the residences, homeowners pay approximately Rs 5 lakh in quarterly maintenance, underscoring the premium nature of the property.
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