Quess Corp MD Acquires Bengaluru Property for Record Rs 67.5 Crore

Ajit Isaac, the head of Quess Corp., recently bought a plot in Bengaluru's Koramangala area, making headlines for its record-breaking price tag of Rs 67.5 crore. This plot sits on the prestigious 'Billionaire Street' of Koramangala's third block and covers 10,000 square feet. The Bengaluru Real Estate Deal, which cost Rs 70,300 per square foot, sets a new standard for real estate prices in the region.

The deal was sealed at a rate of Rs 70,300 per square foot, setting a new standard in the Bengaluru Property Market. Quess Corp. MD Real Estate Purchase was finalised last week, and the property was previously owned by Arvind Reddy and Geeta Reddy.

Ajit Isaac hasn't revealed his plans for the property yet. It's unclear if he'll keep it as an investment or renovate it for personal use. Neither the deal advisor - Colliers, nor Ajit Isaac himself commented on the matter.

Ajit Isaac has played a crucial role in leading Quess Corp. to become India's top business services provider since its inception in 2007. The company, headquartered in Bengaluru, now has 644 locations across India, Southeast Asia, and North America.

Koramangala, located in the south of Bengaluru, has become a hotspot for entrepreneurs and startups due to its prime location and proximity to the city's business centres. Its third block is particularly exclusive, with successful entrepreneurs like Sachin Bansal, co-founder of Flipkart, owning properties there.

Ajit Isaac will now be counted among esteemed neighbours like Kris Gopalakrishnan and Nandan Nilekani, co-founders of Infosys, as well as renowned figures like cardiac surgeon Dr. Devi Shetty and entrepreneur-politician Rajeev Chandrasekhar.

India's high-value property acquisition market is booming, especially in cities like Delhi-NCR, Mumbai, and Bengaluru. Sales of high-end residential properties priced at Rs 50 crore and above have surged significantly, reaching Rs 4,319 crore in 2023, a 51% increase from the previous year.