Ajit Isaac buys the most expensive property on Bangalore's Billionaire Lane for ₹67.5 crore
Bangalore, Ajit Isaac — the Managing Director of Quess Corp — has purchased a 10,000 square feet plot in Koramangala 3rd block, also referred to as billionaire street, for Rs 67.5 Crore.
This amounts to a per square feet price of Rs 70,300, setting a new benchmark for the Bangalore property market.
“The deal was closed last week and the property belonged to Arvind Reddy and Geeta Reddy. The last deal closed in this locality was clinched at around Rs 68,000 per sqft by TVS motor,” said people aware of the development.
It could not be ascertained if the property has been bought as investment or he is planning to redevelop the property for personal use.
Deal advisor Colliers refused to comment on the transaction.
Isaac has played a pivotal role in Quess Corp rapid growth as India's leading business services provider over the past decade. Established in 2007 and headquartered in Bengaluru, Quess today has presence across 644 locations in India, South East Asia & North America.
The southern suburb of Koramangala has emerged as a thriving hub for entrepreneurship in the bustling city of Bangalore. With its prime location and strategic proximity to the city's business centers, Koramangala has become a sought-after neighborhood for startups and self-made billionaires alike.
In fact, the third block of Koramangala has gained a reputation as an elite enclave, with an impressive roster of successful entrepreneurs calling it home. Among them is Flipkart co-founder Sachin Bansal, who acquired a lavish property worth Rs 45
