In a significant real estate acquisition, the Managing Director of Bajaj Auto, Rajivnayan Bajaj, buys land in Koregaon Park, Pune, worth ₹72 crore. The deal was executed through the Rishabh Family Trust, with Deepa Bajaj, Rajiv Bajaj’s wife, as the signatory. The deal, finalised in December 2024, includes a 1.15-acre land parcel with a luxurious bungalow and outhouse. According to reports from Square Yards, the transaction included ₹5.04 crore stamp duty and a registration fee of ₹30,000.
Property Details: A Dream Home in Koregaon Park
The newly acquired Rajiv Bajaj land deal spans 4,667.30 square metres (around 1.15 acres) in one of Pune’s most sought-after locations. It features a bungalow and outhouse with a built-up area of 1,493.70 square meters (approximately 16,080 square feet) on Lane No. 2.
Koregaon Park, known for its upscale lifestyle, is a hub of trendy cafes, boutique stores, and futuristic homes. The land in Koregaon Park Pune also benefits from its proximity to the airport and major city routes, making it an attractive destination for luxury real estate investments.
Faces Behind The Growing World of Bajaj’s
Founded in 1926 by Jamnalal Bajaj, the Bajaj Group is a leader in industries ranging from automobiles to financial services. The group is synonymous with innovation and success, with a market valuation of ₹14 lakh crore (around $167 billion). The family’s strong presence in business is matched by their growing interest in real estate, particularly in high-demand locations like Mumbai and Pune.
As the Managing Director of Bajaj Auto since 2005, Rajiv Bajaj has been a pivotal figure in the company’s growth. He is the son of the late Rahul Bajaj, a legendary industrialist and former chairman of Bajaj Auto. Under Rajiv Bajaj’s leadership, the company introduced the Pulsar motorcycle range, which revived the brand and positioned it as a dominant force in the two-wheeler market.
Rajiv Bajaj’s properties, including his recent purchase of land in Koregaon Park, Pune, highlight the family’s ability to excel in diverse markets and create a lasting legacy in real estate.
Rajiv Bajaj’s Growing Real Estate Portfolio
Rajiv Bajaj’s investments in real estate are growing steadily through the Rishabh Family Trust. This reflects his vision of securing premium properties in India’s top locations.
In 2023, Niraj Bajaj, the chairman of Bajaj Auto, made headlines by buying a sea-facing triplex apartment in Malabar Hill, Mumbai, for an impressive ₹252.5 crore. In 2022, other family members purchased five luxury apartments worth around ₹104 crore in Mumbai.
Square Yards In Spotlight: Media Credits
News Channels like Hindustan Times, CNBC, NDTV, The Financial Express, DNA India, Economic Times, Zee Business, Rediff, The Week, ET Reality and Punekar News have highlighted Square Yards’ efforts.
