The youngest boss of online retailer Flipkart has purchased house in Bengaluru of Rs 32 Crore, which is approx. 10,000 square feet. This house is in Koramangala which is very much close to Flipkart started before 9 years in one of the most luxurious residential deals in the tech city, People who were known of this matter said.
Koramangala is hub of city’s businessman; mainly its 3rd block has become the choosy place with a bunch of billionaires purchasing homes there. The neighbors of Binny Bansal were Infosys co-founders Nandan Nilekani and Kris Gopalakrishnan. Bansal has completed all formalities related to paper work of property.
Coincidentally Sachin Bansal co-founder of Flipkart has also purchased a property in the same neighbourhood, though a smaller one. He acquired this benefit some years ago after converting some shares in Flipkart just as the assessment boom kicked in.
Flipkart had an apex of 15 billion, was recently slow down but still a heavy $10-billion tag.
Bansal gained the new house from the Iqbal family, a very long time resident of this area, and has paid the very highest stamp duty for any other transaction of residential property with the local sub registrar. For Bansal, Jones Lang Lasalle incorporated (JLL) have to manage the property transaction. When contacted, a speaker for Binny Bansal refused to comment. An emailed query to JLL went unanswered.
The Koramangala is an outpost which has a solid connect with a new treasure thrown up by tech businessperson of Bengaluru most of them have a tendency sparking money.
This year, Flipkart restored its top array, making CEO Binny Bansal while Sachin Bansal became chairman executive. Flipkart has heightened $ 3.2 billion from marquee global investors under the leadership of the both Bansals.
Both Binny and Sachin Bansal are the signboard of Indian startup scene, which has develop foreign risk capital set up local businessperson desire.
India’s consumer internet startups, which offer convenience and access in an infrastructure-deficit country, have emerged as powerful engines of economic growth and job creation in Asia’s third largest economy.