UB City Residences Vittal Mallya RoadThe IT City's residential real estate price has touched a new peak: Rs 33,000 per sqft. A recent apartment sale at Kingfisher Towers, an ultra highend residential project coming up on Vittal Mallya Road, recorded this rate. It's said to be the highest residential capital value in the city's history.

Kingfisher Towers, 34 storeys high, is a joint venture between the UB Group and the Prestige Group.

Sources privy to the development informed TOI the apartment was one of the few remaining in Kingfisher Towers, and is on one of the highest floors, with a view of Cubbon Park. The 8,200 sqft apartment will cost about Rs 27 crore.

Super luxury homes emerging in Bangalore's city centre are attracting the wealthy. Ashok Kheny, MD of Nandi Infrastructure Corridor Enterprises, booked an 8,000-sqft apartment in Kingfisher Towers last year. Kheny would not talk about the price, but sources say he will pay Rs 24 crore.
Source: Economic Times