Celebs Investing Megabucks in Bangalore Realty Market

Bangalore: Mumbai, Pune, Chennai and Hyderabad are the well known cities for celebrity investments, as per recent news. However, Bangalore is another city which has included in this rundown. These days, the Bangalore Realty market is witnessing some substantial investments from NRI’s and Celebrities. Conformist perception is that the rich live in distinct parts of the city. Localities like Sadashivnagar, Malleshwaram and Basavanagudi are holding a wealthy immigrant and traditional money in its realty market.

IT Company Wipro’s Billionaire Chairman Aziz Premji, the nation’s third largest outsourcer is one of the most celebrated personalities of IT Industry. He is an inhabitant of Bangalore Sarjapur locality; he lives in a large bungalow inside the Wipro campus Sarjapur. The sumptuous style Bungalow is equipped with serenity, greenery and world class amenities such as Gymnasium, recreation centre and Amphi theatre. The locality is one of the flourishing addresses and has most expensive residential apartments with a price range of Rs 18,000 – 26,000 per sq ft.

Narayana Murthy, Indian IT Industrialist, co founder of Infosys chairman owns a sprawling bungalow in Bangalore bustling retail Hub Jaynagar which is often called as South Mumbai but it maintains a low key lifestyle. Not just Narayana Murthy, a majority of the city rich billionaires, including Infosys Top honchos like K Dinesh, SD Shibulal, and GM Rao call this South Bangalore locality, patch of land as dwelling place.

The other billionaires like Former Infosys CEO and UIDAI chairman Nandan Nilekani, Wipro CFO Suresh Senapathy, Infosys vice chairman Kris Gopalakrishnan also owns a home here.

Prakash Padukone, a proud father of Deepika Padukone, an ace badminton player of Yesteryear owns a verdant home in Bangalore locality Cunningham Road. The area is considered as a buzzing spot of the city and remained as a well off address for most lavish bungalows. Deepika owns a lush bungalow which is surrounded with most popular restaurants and entertainment hubs.

According to realty consultants, bustling spot jaynagar holding a cosmopolitan population has a sizeable target in the residential space for the super rich and the area is attracting foreign brands to cater fortune to the city.