The Camellias, launched less than a decade ago at Rs 22,500 per square foot, are currently selling at Rs 60,000-95,000 per square foot, depending on the floor and the interior work done by the seller. Simply put, a 7,400 square feet apartment bought bare shell in 2014 for Rs 16 crore is now nearly three times as much at Rs 45 crore.
In Bengaluru, houses in the Billionaires Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy s Gaurav Munjal, PhonePe s Sameer Nigam, Meesho s Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. India s CTO Nandan Nilekani, Wipro owners - the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.
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