Manipal Education Group Chairman's Wife Acquires Premium Bengaluru Apartment for ₹64 Crore

Property registration data from Zapkey revealed that Shruti R Pai, spouse of Manipal Education and Medical Group Chairman Ranjan Pai, had completed the acquisition of a high-end residential apartment in Bengaluru's prestigious Jayamahal Extension for an amount of ₹64 crore.

Transaction Details and Property Specifications

The property deal was finalized with Savyasachi Projects, with Parag S. Maniar and H. Vijayanath Hegde representing the developer. The apartment is situated within the exclusive Savyasachi Sarayu project, described as a luxury residential tower featuring a limited number of premium units.

According to the sales deed document, the residential unit spans across the 13th and 14th floors, offering a super built-up area of 12,800 square feet and a carpet area of 9,929 square feet. The property purchase also includes four covered parking spaces and a lumber room located in the basement, along with other premium amenities.

Market Analysis and Pricing Benchmark

Industry experts noted that the ₹64 crore transaction calculates to approximately ₹64,457 per square foot based on the carpet area, establishing a new benchmark for residential transactions in this micro-market. This pricing reflects the growing demand for ultra-luxury residences in Bengaluru's established high-end neighborhoods.

Real estate analysts suggest that such high-value transactions indicate the increasing appetite among high-net-worth individuals for premium properties in Bengaluru's old-money localities. The deal also highlights the continued growth trajectory of India's luxury real estate market, particularly in major metropolitan cities.

Significance for Bengaluru's Luxury Housing Market

The transaction represents one of the significant luxury property deals in Bengaluru's residential sector, reinforcing the city's position as a preferred destination for premium real estate investments. Market watchers believe such deals could set new pricing standards for future luxury developments in similar micro-markets across the city.

Property experts emphasized that the Jayamahal Extension area continues to attract affluent buyers due to its strategic location and established infrastructure. The area's proximity to business districts and premium amenities makes it particularly attractive for luxury living investments.