In a significant real estate move, the Rishabh Family Trust, with Rajivnayan Bajaj as one of its trustees, has purchased a prime land parcel in Pune’s upscale Koregaon Park for Rs. 72 crore. Koregaon Park, known for its luxury bungalows, chic cafes, boutique stores, and vibrant lifestyle, is one of Pune’s most sought-after localities, attracting high-end real estate investments due to its central location, proximity to the airport, and excellent connectivity.
The acquisition includes a 4,667.30-square-meter (approximately 1.15 acres) plot, along with a bungalow and an outhouse. The total built-up area of the property is 1,493.70 square meters (around 16,079.68 square feet). The transaction, which was finalized in December 2024, was executed under the Rishabh Family Trust, with Deepa Bajaj, wife of Rajivnayan Bajaj, signing the agreement.
Rajivnayan Bajaj, the managing director of Bajaj Auto, has been instrumental in the company’s success, particularly in the introduction of the Pulsar motorcycles, which transformed the brand and solidified its presence in the Indian two-wheeler market. The deal incurred a stamp duty of Rs. 5.04 crore and a registration fee of Rs. 30,000, according to documents reviewed by Square Yards.
Bajaj Auto, a key company of the Bajaj Group, was founded in 1926 by Jamnalal Bajaj and is now a leading multinational conglomerate. With a market capitalization of around Rs. 14 lakh crore (USD 167 billion), the group operates in diverse sectors, including two- and three-wheelers, home appliances, wind energy, financial services, and more.
