Sachin Bansal buys properties for Rs 45 crore

Sachin Bansal buys properties for Rs 45 crore

BENGALURU: Sachin Bansal, who got here right into a fortune following the acquisition of Flipkart by Walmart, is utilizing a minimum of a few of that cash to purchase extra property. The homegrown ecommerce website’s co-founder has inked offers to purchase two residential properties within the upmarket locality of Koramangala in Bengaluru for about Rs 45 crore, in keeping with folks aware of the matter.

Bansal already resides in Koramangala in his personal place, in an space usually described because the boulevard of billionaires. Amongst different self-made billionaires proudly owning properties on this space are Infosys co-founders 5,000 sqft. He is paying Rs 44,000 per sqft and Rs 38,000 per sqft, respectively, for them. Bansal, who’s estimated to have acquired $1 billion (pre-tax) when he exited Flipkart, declined to remark when requested by TOI Nandan Nilekani and Kris Gopalakrishnan, Narayana Well being founder Dr Devi Shetty, and BPL Cellular founder Rajeev Chandrasekhar.

Bansal’s two new plush properties are of 5,800 sqft and concerning the investments. He purchased his current property just a few years in the past when he liquidated some shares in Flipkart through the valuation growth.

Bulge-bracket offers have change into much more widespread in Bengaluru’s residential market in the previous few years. The mega offers are spurred by industrialists and new-age entrepreneurs. Koramangala and Lavelle Highway, within the metropolis centre, have been the popular selections for the nouveau wealthy. Bansal’s co-founder in Flipkart, Binny Bansal, had bought a 10,000-sqft property in Koramangala for Rs 32 crore three years in the past. Bengaluru’s historically rich folks are principally positioned within the coronary heart of town, in areas like Fairfield Structure off Race Course Highway and Sadhashivanagar.

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