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.
Get latest articles and stories on Business at LatestLY. Gurgaon (Haryana) [India], March 11: Today marked a significant milestone in the infrastructure development of the National Capital Region as Prime Minister Narendra Modi inaugurated the much-awaited Dwarka Expressway. The 18.7 km segment in Gurgaon was completed last year, with the remaining 10 km within Delhi expected to be finished in the coming months. The construction of the Dwarka Expressway, with an outlay of approximately Rs 9,000 crore, is poised to transform the region's connectivity and stimulate economic growth. Business News | PM Modi Inaugurates Dwarka Expressway, Setting the Stage for Real Estate Boom.