Bangalore: Capt Gopinath's turbulent flight to find a safe landing spot and fend off auction of his prime residential property in Bangalore by State Bank of India has led him to align finally with publicly-held Bangalore-based real estate company - Sobha Developers.
In a recently concluded transaction, Sobha Developers is understood to have acquired Capt Gopinath’s residential property spread over 16,200 sq feet in one of the most premium localities in Bangalore where the price of land starts at around Rs 21,000 per square feet.
The property located off Vittal Mallya Road, is expected to have been valued at close to Rs 40 crore.
Sobha Developers, which is one of the largest publicly held realtors in India, is understood to have got the title deeds, but have not yet decided how the same will be developed going forward. While senior management officials of Sobha Developers confirmed the transaction, Capt Gopinath could not be reached for comments.
Read News In full 22/08/13 Raghuvir Badrinath/Business Standard
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