Exclusive: Bengaluru Magnate Makes Historic Real Estate Investment, Unveiling the Most Expensive Plot Yet!

 

    The most costly property situated in Bengaluru was purchased recently from Ajit Abraham Isaac who is director and co-founder of Quess Corp. The plot of 10,000 square feet located in the Koramangala 3rd block, which is also called "billionaire street" is valued at 67.5 crores. According to reports, the purchase sets a new benchmark in the real estate market.

In a report from The Economic Times, Arvind and Geeta Reddy bought the land that they owned previously. parcel. The property purchase which has been described as the most costly property in Bengaluru has an estimated price of 70,300 for each square foot. This is more expensive than the most recent deal that was completed in this area. That is TVS Motors purchasing a 9488-square-foot property worth the sum of Rs 65 crore, at the rate of 68,508 for each square foot. It's not clear how Ajit Abraham Isaac will use the property and speculation is that he might build it again for his personal purposes or for investment purposes.

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The acquisition was completed through Ajit Abraham Isaac, who died two years later for 52 crore or 58,000 for each square foot to purchase a home that spanned 9507 square feet located in the exact same spot. It is believed that the property was owned by an NRI who was living in Singapore, Brijesh R Wahi was the owner of the property. The time for registration was on the 18th of June 2021.

According to the brokers according to brokers, the third block in Koramangala is the most expensive out of the six because of its larger size of plots and the number of billionaires living there. In light of its location, this block is often referred to in the form of "billionaire street" and houses numerous prominent businesspeople including the founding fathers of Infosys, Nandan Nilekani and Kris Gopalakrishnan, Devi Shetty from Narayana Health, Binny Bansal, co-founder of Flipkart.

In addition, Sudha Murthy, former chief of Infosys Foundation as well as Rajya Sabha MP, purchased one of the properties in the project in June 2020, for the sum of Rs 28 million.

Ajit Abraham Isaac played an integral role in leading Quess Corp. to its position as a top service provider for business in India. Quess Corp. was established in Bengaluru in 2007 and has since increased its presence to 644 sites across India, Southeast Asia, as well as North America.