By 123bhk Real Estate Insights
In one of Bengaluru’s biggest luxury real estate transactions, Shruti R. Pai, Founder & Director of Sagework Design and wife of Manipal Education & Medical Group Chairman Ranjan Pai, has purchased a ₹64 crore luxury duplex in the upscale Jayamahal Extension area.
Property Overview
- Location: Jayamahal Extension, near Palace Grounds and the city’s central business district
- Project: Savyasachi Sarayu, an exclusive boutique high-rise development
- Size: Super‑built‑up area of 12,800 sq ft with a carpet area of 9,929 sq ft
- Price: ₹64 crore, equating to approximately ₹64,457 per sq ft (carpet area) and ₹50,000 per sq ft (super‑built‑up area)
- Layout: Duplex apartment on the 13th and 14th floors, includes four covered parking spots and a basement storage room
- Registration Date: June 11, 2025
- Seller: Parag S Maniar of Savyasachi Projects
Market Context & Trends
This high-profile purchase reflects the changing preferences among India’s ultra-high-net-worth individuals. Where once standalone villas above ₹50 crore dominated the segment, there’s now growing demand for gated luxury apartments that offer security, amenities, and ease of maintenance.
Other recent top-end transactions in Bengaluru include:
- A 10,000 sq ft bungalow in Koramangala sold for ₹67.5 crore
- A luxury penthouse in central Bengaluru acquired for ₹54.4 crore
- A sprawling villa in Whitefield purchased by a leading IT founder’s family for ₹35 crore
Analysts note that gated high-rise properties offer a blend of privacy and convenience, making them increasingly attractive to legacy families, professionals, and NRIs.
Why It Matters
- Price Benchmark: Sets new pricing standards in central Bengaluru for per sq ft rates
- Market Shift: Highlights the move from luxury bungalows to modern high-rise duplexes
- Buyer Profile: Indicates growing appetite for ultra-luxury, well-serviced homes by business elite