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10 Interesting Facts about the Kingfisher Towers

Posted by Balaji on May 30, 2020
| 1

Thinking of buying an apartment at the Kingfisher Towers?

The Prestige Kingfisher Towers can be considered the most luxurious landmarks in UB

City, located in Bangalore. However, there are many interesting facts few people

actually know about them. My name is Balaji Badrinath, and I welcome you to my

channel. Today, I’ll be presenting you with the ten most interesting facts about the

Prestige Kingfisher Towers. Having decades of experience in real estate and also

running Coldwell Banker Value and Realty, I know everything there is to know about

the Kingfisher Towers. I’ve even helped buy, sell properties there! So, read this article

to find out all you should know about the Kingfisher Towers, and don’t forget to

subscribe our mailing list for more exclusive real estate facts like today

 

Fact 1: Prestige Group

Prestige Group is by far the most premium residential development in Bangalore

City.

The Prestige Kingfisher Towers were developed by Prestige Group, one of the

biggest property development companies in South India. Prestige was founded by

Razack Sattar in 1986 and has its main facilities in Bangalore. Beside the Prestige

Kingfisher, they have also developed properties in Chennai, Kochi, Hyderabad,

Mangalore, Mysore and Udaipur. Funnily enough, Prestige Group began as a retail

business and only moved to real estate with its first project, called Prestige Court,

at KH Road. And, the rest is history. Today, Prestige Group has completed 192

projects, spanning around 64 million square feet, most of them being commercial

offices, apartments, shopping malls, villas, hotels, golf courses, retail and leisure &

hospitality. And among these, we have the Kingfisher Towers. UBHL owns 55% of

the tower, while Prestige Group owns 45%.

 

Fact 2: What it consists of

The Prestige Kingfisher Tower is considered a high rise residential apartment

comprising of 3 Towers of 34 floors each.Every Floor has an exclusive apartment

with an area of 8321 Sq.ftwith a Private lift lobby the project overlooks the

magnificent UB City, Cubbon Park and offers breathtaking views of the city’s most

happening locality. Kingfisher Towers comprises of luxury 5 bedroom flats spanning

the entire floor of each tower with an area of 8321 Sq.ft Each residence at Prestige

Kingfisher Towers has its own lift lobby, service lift area and exclusive access to

the project’s amenities that include a clubhouse, swimming pool and gymnasium.

Each residence at Prestige Kingfisher Towers gets 5 covered car parks. The project

is designed to employ architectural techniques includes its notorious roofline. The

project also benefits from facilities such as a clubhouse, swimming pool and tennis

courts. Additional features of the project will include large balconies for each unit

with views of the surrounding areas such as Cubbon park, UB city and Museum.

The spacious homes include average areas of 8321 square feet and they are all

built to the highest standards and exact specifications in terms of materials,

technologies and finishes. A key part of Prestige Kingfisher towers’ success is the

Prestige brand value, which is known for its ultra-luxury standards of design and

construction.

 

Fact 3: Apartments begin from the 5 floors and up

The apartments of the Kingfisher Towers begin only from the fifth floor and up. The

higher you go, the higher the price. The first four floors and the two floors in the

basement are reserved for car parking, and each resident would be getting around

five car parks.

 

Fact 4: Backstory of its location

Many people often forget that the Kingfisher Towers were built on the site that

used to be liquor baron Vijay Mallya’s ancestral home. The project was built on a

4.5-acre land has 81 apartments in three blocks with a total of 34 storeys. The

40,000 sqft penthouse on the top two floors belongs to Mallya. However, In 2016,

the Enforcement Directorate (ED) had attached Mallya’s properties worth Rs 6,630

crore, seizing his farmhouse, flats and FDs. It might have been built at his home,

but he’s not there anymore.

 

Fact 5: It’s an extension of UB city

It’s expensive pricing is mostly due to being an extension of UB City. UB City is a

luxury business district in Bangalore that consist of six main blocks: UB Tower,

Kingfisher Plaza, Concorde, Canberra, Comet and, of course, the Kingfisher

Towers. In total, the built up area is around 16 lakh square feet. UB City was

pioneered in a Joint venture between UB group and Prestige Group, hosting around

1MN square feet..of high end commercial, retail and service apartment space. UB

group stands for United Breweries Holdings limited, which markets beer under the

Kingfisher brand that gave the Kingfisher Towers its name. Homes in Kingfisher

Towers are usually handed over to its high-profile buyers even as United Breweries

Holdings Ltd’s share of apartments remain largely unsold. Another feather in UB

City’s hat is, UB Tower – the tallest structure in Karnataka as of date, measuring up

to a height of 123 m, the tower houses the UB Group offices. Standing at 115 m,

Concorde Block is the second tallest structure within the UB City complex, followed

by the Canberra Block which stands at 105 m

 

Fact 6: Vijay Mallya had a secret entrance there

Since it was an ambitious project, Vijay Mallya spared no expense when building

the entries to his apartment. The apartments have five points of entry, but

originally, only two were used. Most residents used the Kasturba Road Cross entry,

and Vijay Mallya had a separate entry from Vittal Mallya Road when he used to live

there. This separate entry was adorned on one side by a 39,000 square feet

private garden that used to lead him to his personal lobby, which is a home office,

and like other apartments, had a private lift. Instead, his lift led to his penthouse.

We mentioned earlier that each resident would have a designated space for around

three to five cars. Well, Mallya used to get a cark park area that could

accommodate 100 cars and another designated area where he could showcase his

collection of vintage cars.

 

BONUS: If you are someone who is aspiring to become wealthy and do not end up

like hmm..you know whom I am referring to here:/ I highly recommend you to

read this book The Psychology of Money by Morgan Housel. The author takes us

through the timeless lessons on Wealth, Greed and Happiness.

Here’s the link to the book: The Psychology of Money

 

Fact 7: Two apartments sold for Rs 35 crore

Most people might be aware that the Kingfisher Tower apartments are some of the

most expensive in Bangalore, but how expensive are they, exactly? Well, two

apartments in the posh Kingfisher Towers sold for Rs 35 crore each. One of them

was bought by Amit Chawla, the Chief executive of Reward 360, and the other one

had been purchased by the CEO of a city-based pharmaceutical supplier, who did

not wish to be named. Both apartments are 8,450/sqft each and are located on

the fifth floor of the building. In fact, the Kingfisher Towers are widely considered

to be the most expensive residential project in the city. To put it in perspective, the

current per-sqft rate for apartments in the Kingfisher Towers is around Rs 41,420 

However, in previous years, UBHL sold seven flats for a little over ₹ 150 crores,

according to the company’s 2015 annual report

 

Fact 8: It made headlines when it was announced

Being the most expensive and luxurious project in the city, the announcement that

the Kingfisher Towers were going to be built made headlines among many Indian

newspapers.

 

Times of India was the one to first announce that Vijay Mallya was demolishing his

ancestral home on Vittal Mallya Road to make way for his ultra-luxury 34 storey

project.

 

Fact 9: Millionaire egos modified the construction

However, the project originally was going to have around 100 units in three

different sizes. The plans changed to have apartments of one size of 8,000 square

feet due to something that actually made sense. Many millionaire buyers didn’t like

the idea of there being different apartment sizes, as this could possibly cause an

ego clash between them. I’m sure no one would want to have to deal with a group

of millionaires squabbling on who has the biggest apartment in the Kingfisher

Towers, so they settled down for what we know today. Still doesn’t change the fact

that it’s ultra-luxurious.

 

Fact 10: its buyers tend to be CEO’s

As you’ve probably guessed, most of those who buy or rent apartments at the

Kingfisher Towers are CEO’s, investors and end-users who want to retire at the

tower. Considering the prices for each apartment, it’s no surprise that they are. 

So,

this was my countdown of the most impressive facts about the Prestige Kingfisher

Towers If you agree with my picks, make sure to leave me a comment down below on

what you think.

If you liked my picks, make sure to leave me a like, share it with your friends and also

subscribe to our mailing list for more great content like today. I hope you enjoyed it,

and I’ll see you next time!

One thought on “10 Interesting Facts about the Kingfisher Towers

  • on May 30, 2020

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