While Mumbai is synonymous with the uber luxury property segment in India, high-end residential units have seen growing demand in Bengaluru of late. With rising aspirations amid robust economic growth, the city is witnessing an increasing number of takers in the ultra-luxury housing market with the sale value of some homes reportedly priced at as high as ₹ 50 crore. Earlier this year, Ajit Isaac, chairman and managing director of Bengaluru-based company Quess Corp, had bought a 10,000 sq ft property worth ₹ 67.
5 crore in Koramangala area, the IT capital’s billionaire street, making it the most expensive real estate deal in the city, brokers aware of the development had said. Also Read: Bengaluru's most expensive real estate deal? Quess Corp’s promoter buys property worth ₹ 67.5 cr in billionaire street The upper end of the luxury housing market, ranging from ₹ 5 crore to ₹ 60 crore, is typically a niche and slow-moving market featuring limited inventory during a year.
The primary takers in this segment comprise high and ultra-high net worth individuals, rich non resident Indians, C-suite executives, promoters and entrepreneurs. Also Read: Mumbai watch out! Buyers are now lapping up over ₹ 10-crore luxury apartments in Bengaluru Here are some of the top property deals that were reported in Bengaluru this year 1 An ultra-luxury apartment in the Kingfisher Towers is reportedly up for sale at a price of ₹ 50 crore currently. Kingfisher Towers, an extension of UB.