Rajiv Bajaj, the Managing Director of Bajaj Auto, has made headlines with the recent acquisition of a stunning property in Pune’s upscale Koregaon Park area. The Rishabh Family Trust, associated with Bajaj, shelled out a whopping ₹72 crore for the lavish estate, showcasing a growing interest in high-end real estate investments among the affluent.
The property, sprawling over 1.15 acres, includes a bungalow named “Krishna Kumar” and an outhouse with a massive built-up area exceeding 16,079.68 sq ft. The deal was sealed on December 5, with the trust paying a hefty stamp duty of ₹5.04 crore. Deepa Bajaj, Rajiv Bajaj’s wife, acted as the signatory for the transaction, which has not been commented on by Bajaj Auto as of yet.
This acquisition falls in line with a trend of wealthy individuals investing in premium properties in India’s prime real estate markets like Mumbai, Delhi-NCR, Bengaluru, and Pune. The allure of exclusivity, luxury amenities, and strategic locations drives this trend, making properties in sought-after areas like Koregaon Park highly desirable.
Koregaon Park, known for its luxurious residences and vibrant atmosphere, is a hotspot for real estate investments due to its central location, proximity to Pune Airport, and upscale lifestyle offerings. The Bajaj family’s purchase of this prestigious property further solidifies the area’s status as a haven for luxury property seekers.
Founded in 1926 by Jamnalal Bajaj, the Bajaj Group has evolved into a prominent conglomerate with interests in various sectors such as motorized two- and three-wheelers, home appliances, wind energy, financial services, and more. This real estate acquisition underscores the Bajaj family’s strategic investment approach and their confidence in India’s premium real estate market.
The Rishabh Family Trust’s acquisition of this exclusive property not only adds a significant asset to their portfolio but also highlights the ongoing trend of high-value investments in luxury real estate by India’s elite. With its prime location, upscale amenities, and affluent appeal, Koregaon Park continues to attract high-profile buyers, solidifying its reputation as a premium real estate destination.
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