A residential property in Bengaluru’s prestigious Indiranagar locality has been sold for ₹47.5 crore, as revealed by property registration documents accessed through the proptech platform, Zapkey. This sale highlights the escalating values in Bengaluru’s upscale residential markets, reflecting the area’s status as a prime location for luxury investments.
The property in question is situated on an 8,800-square-foot land parcel in Defence Colony, a coveted neighbourhood adjacent to the bustling 100 Feet Road. The site accommodates an independent residential unit with a built-up area of 2,500 square feet. Defence Colony, known for its broad, tree-lined streets and proximity to prominent corporate executives and real estate developers, continues to be a desirable address for high-net-worth individuals seeking exclusivity and sophistication in Bengaluru.
This transaction underscores the sustained demand for high-end residential properties in Bengaluru. As Defence Colony maintains its appeal due to its strategic location and established reputation, such significant sales are becoming increasingly common. The area’s enduring charm, coupled with its central position and elite residential environment, ensures that it remains a focal point for luxury real estate investments. This recent sale not only sets a benchmark for property values in the region but also reflects broader trends in Bengaluru’s burgeoning high-end real estate market.
