Key Highlights:
- Peyush Bansal, the man behind Lenskart, and visionary investor at Shark Tank Indian Invests in a Lucrative property in Delhi
- Last Year, his sister Neha Bansal also made a high-value investment in Real Estate by buying a property worth 22 Cr.
- The trend of Start-up founders investing in luxury Real Estate
Peyush Bansal, Co-Founder and CEO of LensKart and Shark at Shark Tank India grabbed a real estate investment deal for an eye-popping amount of 18 Crore INR in Delhi’s Neeti Bagh
Lenskart the brainchild of Peyush Bansal has more than 900 stores in India and plans to scale up to 1,000 by the end of March. The company has expanded to the Middle East and Southeast Asia following last year’s funding round and is on an exponential growth trajectory.
Peyush Bansal has acquired the basement and ground floor of the 5000+ sq. ft. property from Surinder Singh Atwal and paid Rs 1.08 crore in stamp duty and corporation taxes, per documents accessed through the data analytics firm CRE Matrix. The acquisition is the latest in a string of high-value deals in the capital’s real estate sector.
Peyush has portrayed himself as a Sought-after visionary, thus this move must influence more deals in the area!
Not Just that, His sister, Neha Bansal, and co-founder at LensKart, also made headlines last year when she bought up a 400-square-yard bungalow in Greater Kailash for a whopping 22 crores.
Also Read: Zomato’s Share Prices Spike
And there’s more, it’s not just them, lately, Startup founders investing in Luxury Real Estate is becoming a trend and bringing new life into the real estate sector. This suggests that investing in real estate remains a lucrative option in a city where property values are consistently appreciated.
With startup folks recognizing the potential of luxury properties, the real estate market is poised for continued growth, along with the ever-existing factor that we as Indians are emotionally linked to property investment and self-owned houses!
