Being a BMW owner, you could consider getting a 2020/21 BMW 630i or 630d, which is a very practical yet luxurious sedan. Not only is it great to drive, but it is also very comfortable to be driven in, and it’ll feel like a huge step-up in terms of tech and features compared to your outgoing BMW X5. You could budget around Rs 35-40 lakh for this.
With the balance amount, you can look for a 2021/22 Skoda Kodiaq 2.0 TSI. It is a posh, upmarket SUV that’s great to drive, and also has the optional third row.