Spread across three buildings, The Kingfisher Towers is a 34-story luxury apartment complex with around 81 units, each starting at 8,000 square feet.
According to a report in the Times of India, the sale has one of the highest prices in the city at ₹59,500 per square foot.Situated within the central business district (CBD), UB City has been the buzz of the town since its founding and offers a variety of experiences, including companies and residential areas.
Scattered across three buildings on a 4.5-acre tract of land, the 34-story Kingfisher Towers is a premium residential complex with around 81 units (4 BHK) starting at 8000 square feet. The top two stories have a luxurious residence.
Once the ancestral house of Vijay Mallya, the site was developed in 2010 as part of a joint venture between Mallya's company and the Prestige Group. The original price of these opulent apartments was ₹22,000 per square foot.
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According to the article, Sadhwani Real Estate Holdings facilitated the purchase of Murthy's new apartment from a businessman in Mumbai who had held the property for almost ten years.
This comes after a string of high-profile deals in Kingfisher Towers, like as the one four years ago when Murthy's wife, Sudha Murty, paid ₹29 crore for a 23rd-floor apartment.
According to the newspaper, other notable locals include Kiran Mazumdar-Shaw of Biocon and Rana George, the son of Karnataka Minister KJ George.
The affluent residential districts are home to notable business executives including Nikhil Kamath of Zerodha, Kiran Mazumdar Shaw of Biocon, Sachin Bansal of Flipkart, and Ananth Narayanan from Mensa Brands. For a quarter, each resident pays roughly ₹5 lakh in maintenance. A stunning roofline is one of the project's features, local brokers told HT.com.
The chairman and managing director of Quess Corp, a Bengaluru-based business, Ajit Isaac, purchased a 10,000 square foot property in the Koramangala neighborhood, the IT capital's billionaire strip, for ₹67.5 crore earlier this year. They said that the deal was the most costly one in Bengaluru to date, with prices per square foot of almost ₹70,300.
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