In Chennai, Girish Mathrubootham, Founder and Executive Chairman of Freshworks, has snapped up a prime residential property for ₹211 crore. The 7.65-ground plot,‘Anita’s Apartment’,once belonged to Brij Mohan Reddy's family. It's in the exclusive Boat Club area — land is scarce here.
Global Adjustments (GA),a luxury real estate advisory firm,handled deal for both sides. Property registration wrapped up last week . Boat Club, Chennai's most coveted address, is where corporate leaders and wealthy individuals flock.
Land's tight, competition fierce . “Owning even a small parcel at Boat Club is a luxury,” said a local real estate expert. Prices here? Seller expectations often rule, not market norms. Each transaction becomes an event.
Recently,other big deals have happened here, like real estate developer Ceebros buying an 8.25-ground property nearby. Demand's rising,the allure of Boat Club doesn't wane…
