Flipkart’s Binny Bansal is going to move into Rs 32-crore home; will be staying next to billionaires

Flipkart CEO Binny Bansal has bought a 10,000 sq ft house worth Rs 32 crore in India’s IT hub Bengaluru and will be staying next to billionaires of the country.

Bansal will be staying in Bengaluru’s Koramangala area, which is considered as a boulevard of billionaires.

His house is not very far from Flipkart’s office. After Bansal moves in, he will be in the same neighbourhood as Infosys co-founders Nandan Nilekani and Kris Gopalakrishnan along with Dr Devi Shetty and Rajeev Chandrasekhar among others.

Meanwhile, Bansal paid the highest stamp duty and acquired the home from the Iqbal family, one of the long-time residents of the area.

Flipkart had reshuffled its top management, making Binny Bansal the CEO, while Sachin Bansal became executive chairman.

Binny is seen spearheading a strategy to tackle competition from Amazon.

Binny and Sachin Bansal can be considered as the poster boys of the Indian startup scene.