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.
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.
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.
Read more
News First Prime: Bengaluru’s luxury property market sees record deals in 2025
