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Indiranagar property sells for Rs 47 cr in one of Bengaluru's most expensive real estate deals: Sources

Money ControlMoney Control · 3m
Indiranagar property sells for Rs 47 cr in one of Bengaluru's most expensive real estate deals: Sources

A property in the upscale Indiranagar neighborhood of Bengaluru has been sold for INR 47.5 crore, making it one of the most expensive residential real estate transactions in the city this year. The property, located in Defence Colony, includes an 8,000 sq ft plot with a built-up area of 2,500 sq ft. It is expected that the property may eventually be converted for commercial use due to its proximity to the lucrative 100 Feet Road. This transaction is the second-largest residential deal in Bengaluru in 2024, following a purchase in Koramangala's "Billionaire Street" for INR 67 crore. Property prices in prime areas of Indiranagar have increased by 15-20% in the past year, driven by limited supply and high demand.

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