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TVS Motor The company has bought a 5,023 sq ft bungalow Bangalore‘S Koramangala Bought Locality for Rs 20.93 crore, the company’s third biggest acquisition in three months.
According to the sale documents shared by real estate intelligence platform Zapkey, the property comprising ground plus two structures was purchased from Bengaluru residents PS Sanjeev and Anita Sanjeev.
TVS Motor It was represented by Vice President-Legal R Murali.
earlier this year, TVS bought a motor residential The ₹65 crore property in Bengaluru is the costliest residential property deal in the city.
In December 2022, TVS Capital Fund President Gopal Srinivasan Another significant property transaction in the southern city was the purchase of a residential property at Rest House Crescent Road in Bengaluru for approximately ₹15 crore. The property is spread over 6,000 sq ft with a built-up area of 2,600 sq ft.
Koramangala has become a coveted neighbourhood, with high-net-worth individuals looking for marquee deals here.
The locality has seen big-ticket residential and land deals in the recent past. Infosys co-founders Nandan Nilekani and Kris Gopalakrishnan Quess Corporation Executive Chairman Ajit Isaac is buying big properties here.
Industry reports suggest that luxury sales account for 10-15% of total residential sales and are growing rapidly despite market volatility.
It is one of the fastest growing segments of the real estate sector, where home owners and high net worth individuals (HNIs) are looking to invest in premium properties that offer them quality living and high value assets.
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