Koramangala is a place that has been on both extreme ends, from an underdeveloped suburb to a lavish tree-lined posh area. Koramangala is located in the South-Eastern part of Bangalore having a mix of both commercial and residential properties. Koramangala is known for the cosmopolitan lifestyle and flats near Koramangala are in huge demand as this place is eccentric to the major social infrastructures.
Koramangala is an example of an enticing location that has got all under its wings, with IT headquarters of firms like Flipkart, Phone pay, Connectivity with Inner ring road, Sarjapur road, and even Outer ring road, Top institutes like Jyoti Niwas College and St, John’s Medical College. It will not be considered wrong to say that Koramangala has got the highest property prices all over Bangalore with prices ranging from about 12000 - 14000 sq. ft.
You need to be financially strong if you want to buy a flat in Koramangala as the cosmopolitan surrounding pushes you to invest in the property and the amenities associated. It is a harsh reality that Koramangala is not for everybody, making it quite exclusive. Flats for sale in Koramangala start from 2 Crores, this is just the beginning of a 2BHK flat, which itself shows the high living standard of Koramangala.
In the late ’80s, no one could have imagined that an area that is so close to a slum could transform into a sumptuous area of Bangalore. Today every investor is looking for the opportunity to invest in the place so that they could earn huge profits. The exciting part of Koramangala is the diversification in the segmentation of the markets, from food trucks to mammoth malls, all are on the same radar. Let’s just look at the reasons why Koramangala is considered the prominent area of Bangalore.
Key Highlights of Koramangala
#1. Connectivity
Koramangala enjoys great connectivity with some of Bangalore’s major locations like Sarjapur, Indiranagar, and Hosur. The major roads include Hosur Road, Sarjapur Road(connects to IT corridor), Outer Ring Road, Inner Ring Road.
All the roads are about 80 feet and are the pivotal point, Koramangala connects to many locations like MG Road, Electronic city, and Vivek Nagar. This is the reason why apartments for sale in Koramangala are having stellar prices.
#2. IT Hub
All the roads are about 80 feet and are the pivotal point, Koramangala connects to many locations like MG Road, Electronic city, and Vivek Nagar. This is the reason why apartments for sale in Koramangala are having stellar prices.
Koramangala is known as the IT hub because several IT giants have their headquarters in this area and due to immense connectivity, it boosts their business. The major IT companies in the area are
- Capgemini
- Infosys
- Flipkart
- Ola
- TCS
Due to the presence of such huge companies, Real Estate in this area is on the boom as Koramangala is the home for new employment opportunities.
#3. Proximity to eminent employment areas
Koramangala is in proximity to various areas that offer good employment opportunities to the people.
- Electronic City, only 12.6 kilometres through Hosur Road.
- International Tech Park (ITPB) is 18.6 kilometres away from Koramangala.
- Embassy Golf Links Business Park is 6 kilometres via IRR and is a major attraction for NRIs and HNIs.
- Embassy Tech Village is 10.1 kilometres away from Koramangala, offering great employment opportunities outside India.
- RMZ EcoSpace is an emerging commercial project which is 7.4 kilometres away from Sarjapur Main Road and NH-44.
#4. Social Infrastructures
Koramangala is undoubtedly one of the best areas in Bangalore to hang out and have fun. Koramangala got tourist spots like
- Kaikondrahalli Lake
- Lalbagh Botanical Garden
- Sree Surya Narayana Swamy Temple
- Embassy Tech Village is 10.1 kilometres away from Koramangala, offering great employment opportunities outside India.
- National Games Village and Indoor Stadium
Koramangala got Malls like
- Forum Mall
- Tibet Mall
Apart From these hangout points, Koramangala has many top colleges and hospitals nearby
- St John’s Medical College and Hospital
- Jyothi Nivas College
- Apollo Spectra Hospitals
- Devi Eye Hospital and Beams Hospital
#5. Cosmopolitan Lifestyle
Koramangala is known for its cosmopolitan lifestyle that is an Introvert’s delight and extrovert’s ecstasy. Indoor cafes for those who want to enjoy their own company and gaming zones, pubs, and sports club for the people who love being outdoorsy.
Koramangala is a foodies paradise that got several options for you from early Nukkad breakfast to premium 5-star dinners, everything in one place.
All you will find is the luxury flats in Koramangala because of the cosmopolitan lifestyle. Koramangala is a place that boasts of diversity where you will find people from all over the country sharing their culture and adopting others too. Koramangala is a nice place to spend time but to have a permanent residence there, is a threshold as the prices are always on the higher side.
Conclusion
Koramangala major USP is the connectivity to all the parts of the city and IT companies all around the area. The harsh reality is that everything comes at a cost and Koramangala would be asking a lot from you if you are planning to buy a property in this area. The area got a diverse range of projects with Villas, Independent Houses, Flats, and Bungalows. If you can cope up with the cosmopolitan lifestyle of the area you must go for the investment otherwise be the guest to this place and enjoy the offerings.