In a landmark real estate transaction, Infosys co-founder N.R. Narayana Murthy has acquired a premium apartment in Bengaluru’s elite Kingfisher Towers for ₹50 crore, setting a new benchmark in the city’s luxury real estate segment.
Key Highlights:
- Location: 16th floor of Kingfisher Towers
- Area: 8,400 square feet
- Price per sq ft: ₹59,500
- Configuration: 4 bedrooms with 5 dedicated parking spaces
- Previous owner: Mumbai-based businessman
The acquisition marks Murthy’s second investment in the prestigious development, following his wife Sudha Murty’s ₹29 crore purchase of a 23rd-floor apartment four years ago. This latest transaction represents one of the rare resale deals in the tightly held complex, which houses just 81 exclusive residences across 34 stories.
Built on the former estate of businessman Vijay Mallya, Kingfisher Towers has witnessed remarkable value appreciation since its 2010 launch, when apartments were priced at ₹22,000 per square foot. The current transaction price reflects a nearly threefold increase, underscoring the property’s premium positioning in Bengaluru’s real estate landscape.
Notable Residents:
- Biocon chairperson Kiran Mazumdar-Shaw
- Rana George, son of Karnataka energy minister KJ George (₹35 crore purchase)
The development’s exclusivity and prime location have attracted India’s business elite, making it one of the most sought-after residential addresses in the country’s technology capital. The property’s appreciation trajectory reflects both Bengaluru’s growing status as a wealth hub and the scarcity of ultra-luxury properties in prime locations.