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0 Flats Under 5 Crore for sale in Koramangala, Bangalore
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About Properties In Koramangala, Bangalore for Sale
Overview of Koramangala
- Koramangala is an upscale locality situated in the southeastern part of Bangalore.
- The locality is a popular residential cum commercial hub in the City of Bangalore.
- Koramangala boasts sound connectivity, robust urbanization, and well-developed infrastructure.
- The economy of Koramangala is bustling due to the presence of major IT hubs in and around the locality.
- Haralur, Kadubeesanahalli, Bommanahalli, Jaya Nagar, Indira Nagar, and Bellandur are some neighbouring localities to Koramangala.
- Koramangala mainly offers premium residential properties.
- The PIN Code of Koramangala is 560034.
Koramangala Residential Market Insights
- The average property price in Koramangala ranges from ₹ 15,000 to ₹ 25,000 per sq. ft.
- The average price of a 1 BHK apartment in Koramangala ranges from ₹ 40 lakh to ₹ 1.25 crore.
- The average price of a 2 BHK apartment in Koramangala ranges from ₹ 1 crore to ₹ 2.3 crore.
- The average price of a 3 BHK apartment in Koramangala ranges from ₹ 1.9 crore to ₹ 4.3 crore.
- The average price of a 4 BHK apartment in Koramangala ranges from ₹ 3.4 crore to ₹ 5.8 crore.
- The average rental price in Koramangala ranges from ₹ 15,000 to ₹ 90,000 monthly or more.
- The average price of land plots in Koramangala ranges from ₹ 25,000 to ₹ 28,000 per sq. ft.
- Koramangala mainly offers mid-segment to upscale residential properties.
- Affordable houses, premium apartments, villas, independent floor apartments, and plots are also available here.
- Prices of properties may vary based on certain factors such as apartment configuration, exact carpet area, location, scenic advantages, etc.
- These properties are available in both ready-to-move as well as under-construction conditions.
Connectivity and Transport In Koramangala
- Koramangala enjoys sound connectivity through a smooth railway, metro, and road network.
- Metro Connectivity is provided through metro stations such as the BTM Layout Metro Station, Central Silk Board Metro Station, Indira Nagar Metro Station, and MG Road Metro Station on the Namma Metro network.
- The Krishnarajapuram railway station and Bangalore Cantonment Railway Station are relatively close to Koramangala and connect the locality to the rest of Bangalore.
- Along with that, the major Bangalore Junction Railway Station is also hardly 7 km from Koramangala.
- Koramangala is connected to prominent parts of Bangalore through several key road networks.
- Outer Ring Road, 100 Feet road, 80 Feet road, and Intermediate Road serve the locality.
- The Sarjapur Road connects Koramangala to Sarjapur, a very prominent locality in the city.
- Hosur Road allows seamless connectivity to Electronic City, which is a major business center.
- The Kempegowda International Airport is around 35 km from here.
- The BMTC Bus network has buses at a good frequency. It allows convenient and affordable public transportation for locals.
- Also, the Intercity bus lounge at Madiwala is around 2 km from the locality.
Social Infrastructure In Koramangala
- Koramangala has become a hotspot for real estate due to its strategic location. It is close to IT hubs and offers rapidly developing infrastructure and robust urbanisation.
- Reputed schools in the locality are Planet Bloomingdale, Greenwood High, Bethany High School, Neena English High School, etc.
- Jyoti Niwas Post Graduation College, St. John’s Medical College, RJS PU College, and Bethany Junior College are some educational institutions for higher studies.
- Sri Venkateshwara Hospital, Acura Speciality Hospital, Apollo Spectra Hospital, Aparna Hospital, HOSMAT Hospital, and Shekhar Hospital are some health centres near the locality.
- MG Lido Mall, Nexus Vega Mall, Gopalan Innovation Mall, and UB City Mall are some shopping and entertainment centers nearby.
- Koramangala has abundant supermarkets in the vicinity to cater to the residents’ daily requirements. Nature’s Basket, Sri Mahalaxmi Supermarket, New Mangalore Store, and AVS Hypermarket are some of them.
- Other essential services, such as homestays, banks, ATMs, local markets, grocery stores, etc., are also available here for the convenience of the citizens.
Employment Opportunities In Koramangala
- Koramangala is a well-known business hub itself, but it is also surrounded by several IT parks close by. It also has a number of corporate companies and startup setups in the area.
- Electronic City and Whitefield are prominent business centres around 15 km from Koramangala. These areas are also easily accessible through major arterial roads.
- Industrial areas at a reachable distance from here are Jigani Industrial Estate and Hoodi.
- The prominent IT zone along the Outer Ring Road is around an hour from Koramangala.
- Bellandur, a major IT area, is also in the neighbourhood.
Lifestyle In Koramangala
- Koramangala is known for its popular hangout spots and trendy lifestyle that attracts a diverse population to reside here.
- Koramangala, being an IT hub and close to several business areas, is also an attractive destination for professionals and corporate employees.
- The locality is famous for its vibrant nightlife with an abundance of trendy cafes, cosy eateries, retail shops, and hangout spots in the area.
- The Dyu Art Cafe is a famous spot to visit here.
- Also, the well-known Cubbon Park, known for its lush greenery, relaxing environment, is close to Koramangala.
- St. John’s Church and Bannerghatta National Park are other popular hangout destinations here.
Safety and Security In Koramangala
- Koramangala is a well-developed locality with a safe environment.
- The Koramangala Police Station serves the locality.
- Safety measures such as fire alarms, constant patrolling, and traffic control are thoroughly followed here.
Development and Future Prospects In Koramangala
- A metro line has been planned under Phase 2 of the Namma Metro network that will run from RV Road to Bommasandra.
- This metro line will improve overall connectivity around Koramangala.
- The planned Bangalore elevated corridor will improve road connectivity in and around the locality.
- Koramangala, being a commercial area, has ample startups being set up in and around it. This will increase employment opportunities.
Culture and Community in Koramangala
- Kormangala has become an attractive locality with residential demand, being a representation of Bangalore’s vibrant and urbanised culture.
- Koramangala enjoys a vibrant food culture based on south indian culinary cuisine and authentic street food culture
Environmental factors in Koramangala
- Koramangala is a highly urbanising locality, but it still preserves its natural essence.
- BMMP Park, Koramangala Park, Subramanya Swamy Park, and Dr. Ambedkar Park are some gardens in the locality.
- Koramangala has a moderate air quality.
Flat Configuration in Koramangala
- Koramangala offers a range of 1 BHK, 2 BHK, 3 BHK, and 4 BHK properties.
- These properties are available in both under construction and ready-to-move conditions.
- 2 BHK properties are in great demand in Koramangala.
- Koramangala mainly offers premium properties in the mid-budget segment. But it also has some flats available at affordable rates.
- Apart from that, other properties like independent floor apartments, villas, and land plots are also quite popular here.
Property Price Growth in Koramangala
- Koramangala has experienced consistent price growth of up to nearly 38% over the last five years.
- There has been a 30% property price appreciation over the last three years.
- The YOY property price growth in Koramangala has been around 15%.
- Also, an annual rental yield of around 4% has been achieved due to an increased demand for rental properties.
- Due to rapid development and urbanization, Koramangala is expected to experience consistent price growth in the near future.
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Frequently Asked Questions
What are the popular residential areas in Koramangala?
Some of the top residential areas in Koramangala include Hulimavu, Chikkakannalli.
What types of properties are available in Koramangala?
Koramangala offers Apartment, catering to various budget segments.
What is the average property price in Koramangala?
The average property price in Koramangala ranges from ₹14,550 to ₹14,900 per sq.ft., depending on the location and amenities.
What are the metro stations in and around Koramangala?
The metro stations in and around Koramangala include key stops such as Bengaluru, Bescom, FLYTECH GLAZING & ENGINEERING, Decathlon Sports - Sarjapura, Hotel O Sunrise Triangles Karmelaram Station, providing convenient connectivity to major areas.
Are there affordable housing options in Koramangala?
Yes, areas like offer budget-friendly housing options in Koramangala.
What are nearby locations in Koramangala within 3KM?
Koramangala is home to a mix of vibrant residential neighborhoods and bustling commercial hubs.Residential areas near Koramangala
Commercial areas near Koramangala
Are there luxurious housing options in Koramangala?
Areas like Prestige Pinewood main Road, Koramangala 2nd Cross Road, Koramangala Bannerghatta Road, 6th Cross Road with price range above ₹1.74 Cr are known for luxurious residences in Koramangala
Are there luxurious housing options in Koramangala priced above ₹1 crore?
Yes, Koramangala offers several luxurious housing options priced above ₹1 crore, featuring premium amenities, spacious interiors, and prime locations.Top 5 properties are:
- Prestige Pine Wood
- Sobha Morzaria Grandeur
- Prestige Philadelphia
- Prestige St. John's Wood
- Arihant Vilaya