Rs 20 crore super luxury apartment project in the heart of Bangalore

Liquor and aviation baron Vijay Mallya is razing his ancestral home spread over 4 acres to construct a 31-storey high-rise super luxury residential building likely to be called ‘Residences at UB City’. The project envisages 75 apartments over 5 lakh sq ft at an asking rate of a whopping Rs 33,000 per sq ft.

Mallya is uncorking a super luxury apartment project in the heart of Bangalore on Vittal Mallya Road that could well be the most expensive in the city’s history. It also transpires that as part of the project, Mallya is building a 70,000 sq ft to 80,000 sq ft penthouse for himself. It will be the only home in Bangalore to have a bird’s-eye view of Cubbon Park, MG Road, Vidhana Soudha, and the central business.

According to source, the project would have 75 super luxury apartments of 6,000 sq ft to 7,000 sq ft in size sporting price tags anywhere between Rs 15 crore and Rs 20 crore apiece. Once upon a time, the entire land on which UB City and Mallya’s house are situated housed a brewery belonging to the UB Group.Once upon a time, the entire land on which UB City and Mallya’s house are situated housed a brewery belonging to the UB Group. It is learnt that the project has been re-sized to 75 apartments from 100, including smaller units of 3,000 sqft, after the project got an overwhelming response from high net worth individuals, who queued up to be part of the by-invitation-only list. The super luxury apartment project in the heart of Bangalore on Vittal Mallya Road could be the most expensive in the city’s history.

Source-TOI