Narayana Murthy invests in realty, Azim Premji to follow suit

Property has always been a major investment avenue of the rich. Now, some of the people one would expect to focus on enterprising ventures are also looking at rent-yielding property.

Infosys co-founder NR Narayana Murthy's family office has bought high-end luxury apartments in Bangalore and Mumbai, said sources familiar with the development. Catamaran Ventures, which manages part of Murthy's wealth, has previously invested in e-commerce, FMCG and education ventures.

Another source said that Premji Invest, the family office of Wipro chairman Azim Premji, is also scouting for real estate assets in metros. A couple of years ago, Premji, in his personal capacity, had picked up a few properties in Mumbai that were subsequently rented out, sources in the real estate industry said. Read More...

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