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Koramangala: A Hot Selling Property destination


 Koramangala located in the south-eastern part of Bengaluru, is one of the most soughtafter residential areas having wide tree-lined avenues and sophisticated bungalows.  The area is divided into 8 blocks, out of which the 3rd and 7th blocks form the major commercial centers. Jakasandra, Venkatapura and Madivala are few of the areas covered under Koramangala  It is considered to be one of the best localities to live in, as it well-connected to almost all the important places in the city. It is located 10km from the city’s airport and around 20Km from the railway station.  Builders in Koramangala develop their properties in these areas so as to increase their land sale value and get huge profits.  Koramangala also comprises many famous shopping malls and shopping centers like The Forum, Raheja Arcade, and Star Bazaar the prominent Koramangala Club House. Ref

 Being a highly reputed residential locality, it prides itself in having many well known luxury apartments and posh bungalows.  Few of these luxury apartments include Prestige Acropolis, Raheja Residency, Embassy Pristine and National Games Housing Complex and numerous such flats.  Real Estate Property rates of this locality falls amongst the highest in the city, as it is considered to be the best place to reside with many advantages and attractions to it.  Residential flats for sale in Koramangala range between Rs 6000 to Rs 11000 per square feet which is higher than other areas in Bangalore namely, Whitefield, Sarjapur or Jayanagar. Ref

 Land acquisition in this locality is so pricey, that a newly launched Koramangala apartments’ property prices starts from Rs 80 lakhs.  Whereas the price of furnished office space in Koramangala ranges from Rs 52 to Rs 54 per square feet and commercial showroom price ranges from Rs 92 to Rs 107 per square feet.  Not only that, the rates of rental properties have also increased drastically, with the rental price of 1BHK in Koramangala (600 square feet approx.), being around Rs 8000 per month.  People in Bengaluru regard this place to be the best for both residential and commercial purposes and the reasons for that is very much obvious, Koramangala is one among the best. Ref

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Koramangala edited 110813  
Koramangala edited 110813  

Koramangala located in the south-eastern part of Bengaluru, is one of the most sought-after residential areas having wide tree-lined avenues...