UB Tower is The abode of Bengaluru’s elite! The rent of an apartment is 10 lakhs, don’t ask about the price
Bangalore-based UB City offers a range of experiences from residential quarters to business activities. Many industrialists and business leaders live here. Experts related to real estate say that this location is one of the most expensive properties in terms of real estate in Bangalore.
Highlights
- The cost of a flat in UB City is Rs 35,000 per square feet.
- The price of an apartment of Rs 8000 per square feet is Rs 30 crore.
- Veteran businessmen including Nitin Kamath, and Kiran Mazumdar Shaw live here.
Bangalore. Buying a house or flat in metros like Delhi-Mumbai means an expensive (Property Prices in Delhi-Mumbai) deal. However, other cities including Gurgaon, Bengaluru, Pune, and Hyderabad are also very expensive in terms of house prices and rents. You will be surprised to know the price and rent of flats in UB City Bengaluru. Actually, UB City is an integrated luxury mall, where service apartments have also been developed along with office space. The cost of a flat here is around Rs 30 crore and the rent is Rs 10 lakh per month.
Kingfisher Towers or Billionaires Tower is an extension of UB City, which houses many industrialists and business leaders from different walks of life. Experts related to real estate say that this location is one of the most expensive properties in terms of real estate in Bangalore.
One of the costliest properties in Bangalore
UB City Located inside the Central Business District (CBD), UB City offers a range of experiences ranging from residential quarters to business activities. Ever since the construction of this tower, it has remained a topic of discussion in the city. Among the luxury highrise buildings in Bangalore, UB City is one of the most prized properties in the city.
Around Rs, 1,500 crores have been invested in the development, including residential apartments built between 2006 and 2008 after the construction of UB City began (2014-2016). According to local property experts, the cost of each apartment is at least 35 thousand square feet and
the cost of 8000 square feet flat is Rs 30 crore. At the same time, the monthly rental income from these flats is about Rs 10 lakh.
The apartment price is Rs 8000 per sq ft
Kingfisher Towers Located in UB City, spread over a 4.5-acre land, this 34-story tower has approximately 81 apartments (4 BHK), with prices starting from 8000 sq ft onwards. The top two floors have a grand penthouse, which originally belonged to liquor baron Vijay Mallya, but 1 to 2 years ago it was bought by prominent business leader Balaji Badrinath for Rs 50 crore. “Today I have an apartment in Kingfisher Towers with a rent of Rs 11 lakh per month, with a security deposit of around Rs 1 crore,” he said.
The special thing is that well-known industrialists of the country live in UB City. These include important business leaders including Kiran Mazumdar Shaw of Biocon, Sachin Bansal of Flipkart, Ananth Narayanan of Mensa Brands, and Nikhil Kamath of Zerodha.
