Luxurious ₹80 Crore Bangalore Villa: Meet the New Owner!
Tech Executives Investing in Luxury Homes: A Growing Trend
The demand for premium residential properties among tech entrepreneurs and executives is on the rise. In 2022, Soumya Narayanan, wife of Flipkart CEO Kalyan Krishnamurthy, purchased a luxurious villa in Bengaluru for approximately ₹8 crore, as per a report by Zapkey.com.
A Prestigious Address in Bengaluru
The villa is located in Adarsh Palm Retreat Villas, an exclusive gated community on Marathahalli Outer Ring Road. Spanning 110 acres, the enclave consists of 800 Victorian-style red-roofed villas, making it a preferred address for India’s top tech leaders.
Inside the Luxury Villa
Covering a built-up area of 4,921 sq ft on a 6,918 sq ft plot, the villa offers an opulent living experience. It features:
- Four bedrooms & five bathrooms
- Dual kitchens
- Dedicated puja, living, dining, family, office, and media rooms
- Garage & utility space
The property was previously owned by Vijay Israni and was officially registered on March 4, 2022, according to a report by Moneycontrol.
Adarsh Palm Retreat: A Hotspot for Startup Founders
Adarsh Palm Retreat has become a favored choice for unicorn founders and top executives, with villa prices ranging between ₹4.5 crore and ₹8 crore. Several high-profile names have invested in this community, including:
- Srinath Ramakkrushnan (Co-founder, Zetwerk) – ₹5.8 crore
- Sourjyendu Medda (Founder & Chief Business Officer, DealShare) – ₹7.45 crore (December 2021)
- Karthik Vugane (Managing Director, NetApp India) – ₹4.21 crore
- Sandeep Singhal (Avaana Capital) – ₹8.75 crore
- Ramakant Sharma (Co-founder, Livspace) – ₹7.1 crore (November 2021)
- Vidit Aatrey (Founder-CEO, Meesho) – ₹5 crore (January 2020)
Bengaluru’s Prime Residential Hotspots
Apart from Adarsh Palm Retreat, Koramangala, HSR Layout, and Indiranagar are emerging as premium residential and workspace hubs. With top-notch amenities and proximity to business districts, these areas are attracting an increasing number of startup founders and executives.