EaseMyTrip's Rikan Pittie buys Gurugram property for Rs 99.34 Cr.

Post by: Dr. Amrinder Pal Singh

EaseMyTrip co-founder Rikant Pittie, who recently gained attention for suspending Maldives bookings on his travel platform, has reportedly made a significant real estate investment. According to CRE Matrix, a real estate data analytics firm, Pittie purchased a commercial property in Gurugram’s Sector 32 for a whopping Rs 99.34 crore. The deal, completed on November 24, included a stamp duty payment of Rs 6.95 crore.

Gurugram witnessed a notable 13% increase in housing sales last year, as reported by Anarock data for the Delhi-NCR market. Anarock attributes this rise to positive consumer sentiment and the development of various infrastructure projects in the region.

Rikant Pittie's property acquisition is said to be part of a trend involving high-value real estate transactions in the city. Notably, there was a headline-grabbing Rs 100-crore deal for a 10,000 square feet apartment at The Camellias by DLF on Golf Course Road last year.

The Camellias, introduced less than a decade ago at Rs 22,500 per square foot, now commands a selling price of over Rs 85,000 per square foot. Pittie's recently acquired property, measuring 43,594 square feet and located near the premium Rajiv Chowk area, reportedly has a built-up area of about 1,00,429 square feet.

EaseMyTrip, founded in 2008, has established offices across various Indian cities, including Noida, Delhi, Gurugram, Bengaluru, and Mumbai. Internationally, the company has subsidiaries in the Philippines, Singapore, Thailand, the UAE, the UK, the USA, and New Zealand. Pittie made headlines recently for suspending all Maldives bookings on his website "in solidarity" with India amid the India-Maldives diplomatic row.

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