Vijay Shekhar Sharma, Founder and Chief Executive Officer of Paytm, is all set to become neighbour of some of the biggest politicians of the country. The self-made billionaire has just finalised a deal to buy a residential property in the Golf link locality of Delhi, considered among the most expensive localities of the country.
With this, Vijay Shekhar has become the first internet entrepreneur from India to own a home in the above mentioned locality. According to the reports, he has already paid a substantial amount as advance and an MoU has been signed regarding the terms of the deal. VSS is expected to get a home constructed on the bought piece of land.
Global Property Consultants, a company based out of Delhi which consults the home buyers with high value transactions, is the official advisor to this transaction. GPC was not immediately available for a comment on this when contacted.
After the latest fund raise, Vijay Shekhar Sharma holds 16% stake in One97 Communications, the parent company of Paytm. Along with this, he also holds a majority stake in Paytm Payments Bank.
Before Vijay Shekhar Sharma, Flipkart co-founders, Sachin Bansal and Binny Bansal have also been in news for buying high value properties in IT city of India, Bangalore.