EaseMyTrip co-founder| Rikant Pittie is definitely going places. EaseMyTrip’s co-founder Gurugram’s Sector 32 has purchased a commercial property for Rs.99.34 crore, with real estate data analytics company showing documents accessed by Creats Matrix.
Table of Contents
Deal Highlights
- Location: Sector 32, Gurugram (near Rajiv Chowk)
- Plot Area: 4,050 sq. meters (approx. 43,594 sq. ft.)
- Built-Up Area: 1,00,429 sq. ft.
- Transaction Date: November 24, 2023
- Stamp Duty Paid: ₹6.95 crore
- Seller: NAP Management Services Pvt. Ltd.
The deal reflects growing confidence among startup founders and tech entrepreneurs in commercial real estate as a long-term investment asset.
A Trend Among Tech Founders
This acquisition adds to the trend of high-value property purchases by tech and startup leaders in the Delhi-NCR region. Notably:
- In October 2023, MakeMyTrip Group CEO Rajesh Magow purchased a 6,428 sq. ft. apartment in DLF Magnolias for over ₹33 crore.
- Around the same time, another luxury apartment in the Camellias by DLF on Golf Course Road was sold for over ₹100 crore.
These deals reflect the growing wealth of tech entrepreneurs and their increasing interest in Grade-A commercial and luxury residential assets.
From Startup to Real Estate Investor
Pittie, who co-founded EaseMyTrip with his brothers at the age of 16, has built a leading online travel company since 2008. His recent purchase of a Lamborghini Urus Performante, the first of its kind in India, also drew attention earlier in September 2023.
EaseMyTrip recently made headlines by suspending flight bookings to the Maldives as a gesture of “solidarity with India” amid diplomatic tensions. The company continues to expand its market presence and investor confidence.
Conclusion
With tech entrepreneurs like Rikant Pittie joining the ranks of elite real estate buyers, Gurugram’s luxury and commercial real estate markets are seeing a surge in high-ticket transactions. Sector 32’s proximity to major hubs like Rajiv Chowk and the Delhi border further boosts its investment appeal. As Delhi-NCR cements its status as a hotspot for premium commercial properties, this transaction underlines the growing synergy between India’s startup economy and real estate sector.
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Also read: Godrej Sunrise Estate: Recently launched Projects In Chennai By Godrej Sunrise Estate
Frequently Asked Questions
Q. Who is Rikant Pittie?
A. Rikant Pittie is the co-founder of EaseMyTrip, one of India’s leading online travel platforms. He started the company with his brothers at age 16 and officially launched it in 2008.
Q. What did Rikant Pittie purchase recently?
A. He purchased a commercial property in Sector 32, Gurugram, for ₹99.34 crore. The property spans 43,594 sq. ft. of land with a built-up area of 1,00,429 sq. ft.
Q. When was the property transaction completed?
A. The sale deed was executed on November 24, 2023.
Q. How much stamp duty was paid on the transaction?
A. A stamp duty of ₹6.95 crore was paid as part of the deal.
Q. Who was the seller of the property?
A. The property was sold by NAP Management Services Pvt. Ltd.
Q. Where is Sector 32 located in Gurugram?
A. Sector 32 is a prime commercial area in Gurugram, close to Rajiv Chowk and well-connected to Delhi and major business hubs.