Bangalore sees yet another big ticket deal. This time the buyer is from the TVS group’s founding family.
TVS is a household name in the country, and has ventured into several sphere of business’ most popular being their motor business.
However, today we are going to discuss not about the TVS group but about a realty deal that involved the member of the founding family of TVS.
According to the documents provided to SquareFeatIndia by Zapkey.com on November 11, 2022, sellers Kaveri Warriar, Vijay Warriar, Sudha Thimmaiah, Radha Thimmaiah, BG , Thimmaiah, K A Thimmaiah sold the property to buyer Gopal Srinivasan represented by TA Prasssana.
The deal was signed for ₹14.49 crore. Gopal Srinivasan is the Founder, Chairman and Managing Director of TVS Capital Fund and a third-generation member of the TVS Family which owns TVS Motors, TVS Electronics, Sundaram Fasteners, etc.
According to the documents the areas of the property is 2600 sq ft built up area, 6336 sq ft plot area.
The property includes all that piece and parcel of the Premises bearing Municipal No. 8, Rest House Crescent Road, Bangalore together with dwelling house, out houses, garage and other construction with a built up area of 2600 sq ft (241.54 sq mtrs), including the equal right and interest in the compound wall on the East and also half indivisible right in the main building wall on the east being common with property bearing Municipal No. 4 (new Municipal No. 7), Rest House Crescent Road, Bangalore in all measuring 6336 sq ft (588.63 sq mtrs.)
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