Rajiv Bajaj’s Rishabh Family Trust buys bungalow, land in Pune for Rs 72 crore

Rishabh Family Trust, which counts Bajaj Auto’s Managing Director Rajiv Bajaj as one of its trustees, has acquired a bungalow and land parcel spread over more than 1.15 acres in Pune’s upscale Koregaon Park locality for Rs 72 crore.

The property includes a bungalow known as Krishna Kumar and an outhouse on the land parcel with a built-up area of over 16,079.68 sq ft.

The trust has paid Rs 5.04 crore as stamp duty for the registration of the deal that took place on December 5, showed the documents accessed through Square Yards. The transaction was carried out under the Rishabh Family Trust, with Deepa Bajaj, wife of Rajivnayan Bajaj, serving as the signatory.


ET’s email query to Bajaj Auto remained unanswered until the time of going to press.

Wealthy individuals in India are increasingly investing in high-end properties, including bungalows and luxury apartments, across key real estate markets such as Mumbai, Delhi-NCR, Bengaluru, and Pune. These affluent buyers are drawn to premium locations that offer a blend of exclusivity, world-class amenities, and proximity to business hubs.

Koregaon Park in Pune is known for its opulent bungalows, chic cafes, boutique shops, and lively atmosphere, establishing it as a prime location for upscale real estate investments. Its strategic central location, proximity to Pune’s airport, and robust connectivity further enhance its appeal.

Bajaj Group, founded in 1926 by Jamnalal Bajaj in Mumbai, has grown into an Indian multinational conglomerate with a diversified business portfolio. The group encompasses over 40 companies and employs nearly 100,000 individuals. Its products span motorized two- and three-wheelers, home appliances, wind energy, financial services, insurance, special alloys, and more.