Ultra-Luxury 4BHK Apartment in Bengaluru's Kingfisher Towers Listed for Rs 50 Crore
The luxury real estate market in Bengaluru is seeing a notable change with the listing of a 4BHK apartment in the esteemed Kingfisher Towers. Priced at a remarkable Rs 50 crore. The 4BHK apartment spans over 8,000 square feet and exemplifies luxury living with its expansive interiors, high ceilings and top-of-the-line amenities.
High Price Rise
According to data from Zapkey, the Kingfisher Towers in Bengaluru has experienced a notable increase in property values over recent years. In 2020, prominent figures such as Member of Parliament Sudha Murty and US-based industrialist Krishna Chivukula Jr. made significant purchases within the UB City complex, with Murty acquiring an apartment for Rs 29 crore and Chivukula Jr. buying another for Rs 24 crore. The current listing of a 4BHK apartment in Kingfisher Towers for Rs 50 crore represents a substantial appreciation in value, reflecting the strong demand and high market value of luxury real estate in this prestigious development. This upward trend in pricing underscores the growing appeal and premium status of properties in Bengaluru's luxury real estate market. Local brokers have reported substantial interest in the apartment, with multiple inquiries indicating a strong demand for such high-end properties.
Kingfisher Towers: A Symbol of Luxury
Kingfisher Towers, part of the UB City development, is known for its opulent features and exclusive residential offerings. The 34-storey building, also known as the Billionaires’ Tower, houses around 81 luxury apartments, each designed to provide expansive and luxurious living spaces. The development is renowned for its state-of-the-art facilities, including personalized concierge services, exclusive wellness amenities, and high-end interior finishes.
Historically, a similar apartment in the Kingfisher Towers was listed at Rs 35 crore about four years ago. The current asking price of Rs 50 crore reflects the appreciation in property values in this elite segment. The substantial increase highlights the ongoing demand and the premium placed on luxury residences in this prestigious district.
Market Context and Trends
Bengaluru's luxury real estate market has experienced notable growth in recent years. Ultra-premium properties in the city have seen a price increase of approximately 25-30% year-over-year. This upward trend is attributed to the high demand coupled with a limited supply of high-end residential units.
UB City, where the Kingfisher Towers is located, is a major factor in the city’s luxury real estate boom. The area includes not only high-end residential buildings but also luxury retail spaces and office complexes. Its strategic location near major commercial hubs such as MG Road and Brigade Road further enhances its desirability. Lavelle Road, which is adjacent to UB City, is another key factor driving the high real estate values in the area.
Comparison with Other Luxury Properties
The Kingfisher Towers is one of the most sought-after residential developments in Bengaluru, but it is not alone in the high-value property segment. Other luxury properties in the city also command impressive prices. For example, the Four Square Seasons private residences in Hebbal, developed by Embassy Group, are priced significantly high. A 1BHK unit in this development is quoted at over Rs 7.5 crore, while 2BHK and 4BHK units are priced around Rs 12 crore and over Rs 25 crore, respectively.
These comparisons highlight the competitive nature of the luxury real estate market in Bengaluru, where premium properties command substantial prices due to their exclusivity and the high demand from affluent buyers.
The Rs 50 crore price tag on the 4BHK apartment in Kingfisher Towers illustrates the significant value placed on luxury real estate in Bengaluru. This deal not only sets a high benchmark for property transactions in the city but also reflects the broader trends of escalating real estate values in high-demand areas.
As the luxury market continues to evolve, properties like those in Kingfisher Towers will likely remain at the pinnacle of Bengaluru’s real estate landscape. The strong interest in such high-end properties underscores their enduring appeal and the ongoing growth in the city’s luxury residential sector.
