Bengaluru, Sept. 17 -- Sanjay Nayar, founder and chairman of venture capital firm Sorin Investments, has bought a luxury apartment on Carmichael Road for Rs.90 crore, as the south Mumbai micro-market continues to attract ultra-rich homebuyers and property investors.

Nayar, a former chairman and chief executive of KKR India, bought the 4,537.29 sq. ft apartment at Kamal Mahal from Jilloo Kaiyoj Billimoria at nearly Rs.1,98,356 per sq. ft on a carpet-area basis. The deal also includes an open garage measuring 225.89 sq. ft.

The apartment sale was registered on 15 September, as per real estate data analytics platform Zapkey.

In 2014, an apartment was sold in the same building for Rs.33 crore, at Rs.1 lakh per sq. ft, indicating how prices...