In one of Bengaluru’s most prestigious real estate deals to date, Paresh Raja, CEO of UK-based Market Financial Solutions, has purchased a luxurious penthouse for a staggering ₹54.38 crore. The property is located in the elite 27 Summit project by MAIA Estates in Sampangiram Nagar, a premium Central Business District (CBD) locality.

According to documents accessed by Zapkey, the penthouse spans two floors—the 25th and 26th—boasting a carpet area of 7,065 sq ft and a super built-up area of 10,629 sq ft. The deal was finalized at ₹77,000 per sq ft for the carpet area and ₹51,170 per sq ft for the super built-up area, marking it as one of the highest-end residential transactions in Bengaluru’s history.

The purchase also includes four parking spots, a double garage, and a private storage unit. The seller in the transaction is Nestled Haven Developers LLP, a special-purpose vehicle of MAIA Group. The holding company, MAIA Estates LLP, is behind the development of the 27 Summit project, where current listings begin at ₹20 crore for 4,200 sq ft units—underscoring the premium nature of Raja’s acquisition.

The project is scheduled for completion by November 27, 2025.

Who Is Paresh Raja?

Paresh Raja is the founder of Market Financial Solutions, a specialist finance company based in London. Established in 2006, the firm offers loans and buy-to-let mortgage solutions for property investors across the UK.

While MAIA Estates declined to comment, HT.com has reached out to the buyer for a statement.

Why Sampangiram Nagar?

Though not traditionally grouped with ultra-premium areas like Koramangala or Indiranagar, Sampangiram Nagar offers unparalleled connectivity to Bengaluru’s main commercial arteries—MG Road, Lavelle Road, Residency Road, and Richmond Road. It’s also close to landmark establishments like ITC Gardenia and top high-street destinations such as Brigade Road.

“This locality is part of Bengaluru’s Central Business District and offers prime real estate value due to its central location and proximity to major commercial zones,” explained Kiran Kumar, VP of Hanu Reddy Realty. He added that while most luxury properties in the area range between ₹25,000 and ₹40,000 per sq ft, select developments command significantly higher prices.

Other High-Value Deals in Bengaluru

Bengaluru has witnessed several eye-catching luxury property deals in recent times :

• Kingfisher Towers: Last December, Infosys founder N.R. Narayana Murthy purchased an 8,400 sq ft apartment in the exclusive Kingfisher Towers for ₹50 crore (₹59,500 per sq ft). The tower is often referred to as the “Billionaires’ Tower” and features 81 ultra-luxury units spread across 34 floors.
• Indiranagar Sale: In August, a property in the Defence Colony of Indiranagar was sold for ₹47.5 crore. The 8,800 sq ft land parcel with a 2,500 sq ft home was registered under Odisha-based businessmen Shrinibash Sahoo and Himadri Tanaya Lenka.

These record-setting transactions reflect a growing appetite for high-value residential investments in Bengaluru’s upscale neighborhoods.

Knowledge Source : https://www.hindustantimes.com/real-estate/luxury-penthouse-in-bengaluru-s-central-business-district-sells-for-54-crore-101748345318930.html