Flipkart’s CEO buys property worth Rs. 32 crore

After his co-founder friend Sachin Bansal who is presently Executive Chairman of Flipkart bought a small property in Koramangala in Bangaluru a few years ago, binny Bansal has also reportedly purchased a plush bungalow in the same area for a monstrous Rs. 32 crore.

Binny acquired the 10,000-sq-ft property a few weeks ago from long-time residents Iqbal family. Incidentally, it is not far away from where Flipkart began its operations in 2007. To fund the purchase of this humungous property in the upscale locality of Bangaluru, the e-commerce giant’s recently crowned CEO has secured loans from two banks. Apparently, Bansal has paid the highest stamp duty for any residential property transaction with the local sub-registrar.

Trisha and Binny Bansal can now count Infosys co-founders Nandan Nilekani and Kris Gopalakrishnan among their neighbours. Congratulations to the Bansals!