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Indian billionaire buys luxury residences estate in Phuket

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January 3
3:55 AM 2014

Indian billionaire Ashok Jaipuria revealed today that he has bought Phuket's Malaiwana luxury residences estate. Jaipura cited his liking for the scenery on the popular Thai holiday island as one of the reasons for the purchase, according to Phuket Wan.

The Indian businessman said he will fly 260 friends to the famous island for his birthday celebration later this year. He added that he is on the looks for the right kind of all-business-class aircraft, the report said.

After he met Phuket Governor Maitree Intrusud, Jaipuria said Phuket was a very unique destination. He added that the political unrest in Bangkok should not be a cause for worry, the report stated.

Malaiwana is an award-winning private estate private estate. The property consists of 12 residences and 19 villas overlooking the Andaman Sea, Phuket Wan detailed.

Jaipura, the chairman and Chief Executive Officer of Cosmo Films Ltd, said, "We have a property at Nai Thon beach. That's a very nice area. I was looking in Thailand for property and we looked at Samui and we looked at Krabi and we looked at other places and we thought that Phuket was a better option so we bought a property on Phuket. Phuket has a lot of activities, it has bays, it has marinas, it has golf. You have mountains. I am fond of organics. I go and stay at the farm sometimes, which is very nice.''

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