Paytm founder and Chief Executive Officer (CEO) Vijay Shekhar Sharma is set to buy a Rs 82-crore plush residential property at New Delhi's Golf Links, one of the country's most expensive real estates.
Sharma has already paid a substantial advance after signing an MoU for a nearly 6,000-sq-ft property in the Lutyens' zone, though the transaction is not registered yet.
The man behind India's second most valued internet enterprise, after Flipkart, plans to build a new home on the plot. Sharma's peers and Flipkart co-founders, Binny and Sachin Bansal, have also made multi-million dollar residential investments in Bengaluru in the recent past.
When contacted, a spokesperson of the Noida-based Paytm declined to comment on the matter. Global property consultants CBRE, an adviser to the transaction, could not be reached for comments immediately. Sharma holds around 16 per cent stake in Paytm after the company recently raised $1.4 billion from Japan's SoftBank.