• search

Bengaluru’s iconic hotel sold for Rs 60 crore

Subscribe to Oneindia News
For Quick Alerts
Subscribe Now
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    Bengaluru, Sep 5: An iconic hotel in Bengaluru has been sold for Rs 60 crore. Once famous for its political gatherings, rava idli and dosa, the Cauvery Continental on Cunningham Road has been sold.

    The hotel spanned over 41,000 sqft of land and was owned by the Sait family and Ramesh Sundermurthy. The property was sold to Satish Chandra, promoter of the Global Technology Park, TOI said while quoting sources.

    Bengaluru’s iconic hotel sold for Rs 60 crore

    The deal is one of the largest for a single-acre property in the heart of the city. A Bengaluru-based property consulting firm was also in the race and had offered about Rs 45 crore. Chandra has plans to build a high-end residential property.

    Cauvery, which shut shop towards the start of the century, was inaugurated in the 1970s by then civil aviation minister Sarojini Mahishi, a close friend of former prime minister Chandra Shekhar.

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more