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flag A Bengaluru luxury bungalow sold for ₹165.66 crore, setting a city record.

flag A luxury bungalow at 50 Lavelle Road in Bengaluru sold for ₹165.66 crore—₹64,166 per square foot—setting a new record for the city’s core, according to Zapkey data. flag The property, acquired by Esencia Partners backed by Manipal Group chairman Ranjan Pai from Australian seller Mira Angeline Cummins, reflects growing demand for high-end real estate in elite neighborhoods. flag Between January and October 2025, eight luxury deals worth ₹415 crore were recorded, more than double the same period in 2024. flag Buyers, including high-net-worth individuals and family offices, are favoring established areas with heritage, privacy, and connectivity over new developments, signaling a maturing luxury market in Bengaluru.

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