Infosys co-founder Narayana Murthy invests in a luxurious Bangalore dwelling, acquiring a Rs 50 crore apartment.

Infosys founder NR Narayana Murthy has purchased a second luxury apartment in Bengaluru’s Kingfisher Towers for Rs 50 crore, setting a new price benchmark at Rs 59,500 per square foot. The 8,400-square-foot apartment on the 16th floor has four bedrooms and five dedicated car parking spaces. The transaction was facilitated by Sadhwani Real Estate Holdings and is a significant appreciation from the initial sale price of Rs 22,000 per square foot when the property was developed in 2010. Kingfisher Towers is a prestigious address in Bengaluru, with other high-profile residents including Sudha Murty, Narayana Murthy’s wife, and Biocon’s Kiran Mazumdar-Shaw. Rana George, son of Karnataka Minister KJ George, is also a resident of the complex. The property was developed as a joint venture between the Prestige Group and Vijay Mallya’s company on a 4.5-acre site that formerly housed Mallya’s ancestral home.