Founder of Paytm, Vijay Shekhar Sharma is buying his dream home in Delhi Lutyens’ zone. According to the TOI report, Sharma has signed an MoU to buy Rs 82 crore ($12.7-million) worth residential property at, Golf Links in the capital. The location regarded as one of the expensive real estate zones in the country.
Lutyens’ zone covers about 3,000 acres with around 1,000 bungalows, out of which about 70 are meant for private usage. Sharma’s new home will be located close to India Gate and the Supreme Court.
Golf Links is a gated residential colony, and has the Delhi Golf Course to its east and the Lodi Estate to its west.
Sharma had already paid token amount and signed MoU for a 6,000-sq-ft property, added report. Global property consultants CBRE, is advising Sharma to the transaction. Lutyens’ zone is home to politicians, bureaucrats, media persons, and business tycoons such as Airtel’s Sunil Mittal, CK Birla, and many others.
According to the publicly available information, Sharma earns a salary of Rs. 3.1 crore per year, and owns Rs. 10,000 crore worth equity in his company.
Prior to Sharma, Flipkart co-founders, Binny and Sachin Bansal, have also splurged millions of dollar to buy their dream homes in Bengaluru. Binny purchased a Rs. 32 ($5 million) crore house in Koramangla, one of the most expensive locations in Bangalore.
Koramangla is home to some of the celebrated entrepreneurs in India, including the likes of Nandan Nilekani, Kris Gopal and many others.
Noida based company had recently raised $1.4 billion from Softbank at valuation of $7 billion. The investment was one of the largest fund-raising event for any internet company in the country. Sharma also owns 51% equity in recently launched Paytm payment bank along with 16% stake in Paytm.
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