The CEO of Karza Technologies Purchases a Duplex in Bandra West, Mumbai for around INR 47 Cr

Luxury homes in Bandra West, Mumbai:

Omkar Shirhatti, co-founder and chief executive officer of Karza Technologies, has acquired a luxurious duplex residence in Bandra west, a plush neighbouhood in Mumbai for around INR 47.7 crore in luxury real estate development called Samarpan.

This opulent apartment in the Samarpan Building off Carter Road was purchased by Shirhatti from Raghu Leela Estates, a division of Wadhwa Group.

Perfios Software,Solutions of Bengaluru purchased Karxa Technologies for around INR 600 billion in March 2022.

Gaurav Samdaria, another co-founder of Karza Technologies, recently purchased a beautiful luxury residence in Worli, South Mumbai for INR 70 crore.

In addition to being a co-founder of Karza Technologies, Shirhatti is also the chief products officer at Perfios Software Solutions.

Siddharth Shah, co-founder of the digital healthcare portal PharmEasy, also purchased a luxury duplex flat on the sixth story of the same skyscraper Samarpan for INR 40 crore in 2017.

Entrepreneurs and founders of technology-driven firms who have experienced a constant increase in the prices of their companies and holdings via ESOPs are acquiring luxury real estate in an effort to park their liquid intangible assets.

Preqin, a London-based industry tracker, predicts that technology expenditures would grow by more than threefold between 2020 and 2021.

The statistics revealed that India's startup ecosystem received a record investment of about USd 36 billion in 2021, compared to USD 11.2 billion during the same time a year earlier, as demand for digitalisation soared amid the epidemic.

The sale of luxury properties in Mumbai and in other major metros of India has shot through the roof in the year 2022. The demand for luxury homes in the prime suburbs of Mumbai including Bandra, Khar, Juhu has always been high but has remained out of the limelight for multiple reasons. However, prime real estate in Khar west, Bandra west and Juhu remain in great demand and actually command higher per square feet prices that luxury properties in South Mumbai on many occassions.

About Karza Technologies

Karza Technologies, headquartered in Worli, Mumbai, with an office in Birla Centurion, Pandurang Budharkar Marg, is the largest provider of data, analytics, automation, and decisioning solutions to financial institutions, serving the entire lending lifecycle from onboarding to diligence & monitoring to collections. The solutions provided by Karza Technologies allow systemic fraud prevention, risk management, compliance, and automation through better data engineering and advanced technology applications.