Bengaluru’s luxury property market sees record deals in 2025

Bengaluru’s 2025 luxury housing market boomed with ₹50–165 cr penthouse and duplex deals, showing rising demand from ultra-wealthy buyers

Bengaluru’s luxury housing market witnessed a remarkable transformation in 2025, marked by several high-value transactions that underscored the city’s growing appeal among ultra-wealthy buyers. From rare land parcels in the central business district (CBD) to premium penthouses and duplex apartments, demand for exclusive properties surged, positioning Bengaluru as a rising hub for luxury real estate.

Landmark Land Acquisition in CBD

One of the year’s most notable deals was the purchase of a prime property on Lavelle Road by Manipal Group chairman Ranjan Pai through his investment arm, Esencia Partners. The ₹165.6 crore acquisition involved a 25,824 sq ft parcel in Shantala Nagar, previously owned by Australian national Mira Angeline Cummins. With two existing buildings on-site and proximity to UB City, Cubbon Park, and Vittal Mallya Road, the transaction highlighted the scarcity and prestige of CBD assets, which continue to command premium valuations due to redevelopment potential and exclusivity.

Penthouse Sale Sets Benchmark

Another headline-grabbing transaction was the sale of a luxury penthouse at MAIA Estates’ 27 Summit project in Sampangiram Nagar. Paresh Raja, CEO of UK-based Market Financial Solutions, acquired the duplex penthouse for ₹54.38 crore. Spanning 7,065 sq ft of carpet area across the 25th and 26th floors, with a super built-up area of 10,629 sq ft, the deal translated to one of the highest per-square-foot rates in the city. Experts noted that such pricing reflects not only the prime location but also the growing appetite for branded residences offering privacy, expansive layouts, and world-class amenities.

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Jayamahal Duplex Adds to Momentum

The luxury trend was further reinforced by the ₹64 crore purchase of a duplex apartment in Jayamahal Extension by Shruti Pai, wife of Ranjan Pai. The property commanded rates of over ₹64,000 per sq ft on carpet area and around ₹50,000 per sq ft on super built-up area, making it one of the most expensive residential transactions in the locality. Analysts observed that Bengaluru’s ultra-luxury segment, once dominated by sprawling bungalows, is now witnessing rising demand for premium apartments in gated developments with modern amenities.

Bengaluru vs Mumbai

While Mumbai has long been India’s most established luxury property market, Bengaluru’s sector is still evolving. Fueled by the IT boom and startup ecosystem since the early 2000s, the city’s premium housing demand is now shifting from traditional hotspots like Koramangala to central and emerging prime micro-markets. Buyers are increasingly seeking larger, more exclusive homes in well-planned environments, signaling Bengaluru’s steady march toward becoming a mature luxury real estate destination.

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