Rajiv Bajaj’s Rishabh Family Trust Buys Pune Plot for ₹72 crore

New Delhi, December 12, 2024: The Rishabh Family Trust, with Rajivnayan Bajaj as one of its trustees, has acquired a land parcel in Pune’s upscale Koregaon Park locality for INR 72 crore, according to a report by Square Yards. Koregaon Park is renowned for its luxury bungalows, trendy cafes, boutique stores, and vibrant lifestyle, and its proximity to Pune’s airport.

The purchase includes a 4,667.30-square-metre (approximately 1.15 acres) plot, along with a bungalow and an outhouse situated on the property, according to Square Yards. The built-up area amounts to 1,493.70 square metres (approximately 16,079.68 square feet). The transaction was carried out under the Rishabh Family Trust, with Deepa Bajaj, wife of Rajivnayan Bajaj, serving as the signatory. The deal, registered in December 2024, incurred a stamp duty of INR 5.04 crore and a registration fee of INR 30,000, according to documents reviewed by Square Yards.

Rajivnayan Bajaj, managing director of Bajaj Auto since 2005 and a pivotal figure in the company, is the son of the late Rahul Bajaj, the former chairman of Bajaj Auto and a stalwart of Indian industry..