The founder and chairman of Quess Corp, Ajit Abraham Isaac, just acquired the priciest real estate in Bengaluru. According to the Economic Times, the 10,000 square foot property in Koramangala 3rd Block, sometimes referred to as "billionaire street," is valued at Rs 67.5 crore and has established a new standard for the city's real estate market.
According to reports, Arvind and Geeta Reddy sold the site. The property deal that has been dubbed the most expensive in Bengaluru is valued at an effective rate of Rs 70,300 per square foot. This is more than the last deal to close in the area, which was TVS Motors purchasing a 9488-square-foot property for Rs 65 crore at an effective rate of Rs 68,508 per square foot.
This occurs two years after Ajit Abraham Isaac paid Rs 52 crore, or Rs 58,000 per square foot, for a home spanning 9,507 square feet in the same location. An NRI living in Singapore, Brijesh R Wahi, was the seller of the property. The date of registration was June 18, 2021.
Due to its bigger plot sizes and the presence of billionaires, the third block in Koramangala is the most costly of the six. This information was provided by brokers. Thus, it is dubbed "billionaire street" and is inhabited by prominent business people such as the founders of Infosys, Nandan Nilekani and Kris Gopalkrishnan, Devi Shetty of Narayana Health, and Binny Bansal, who was once the creator of Flipkart.
Former Rajya Sabha MP and president of the Infosys Foundation Sudha Murthy paid Rs 28 crore for a property in this project in June 2020.
