Koramangala – A promising investment destination

Located in south east Bangalore, Koramangala was earlier known to be a sleep village. However, the locality has now transformed into the most demanded real estate hub in Bangalore. Also, Koramangala is now the new CBD (Central Business District), as well. With an increased employment opportunity in this locality, the demand housing has eventually increased here. Alongside, the improving infrastructure and civic amenities here has also played a major role in booming the real estate market of this region.

Here are some of the major growth drivers of real estate market here;

Connectivity

As the locality is situated strategically, it is well connected to major parts of the city via both road and rail. For intra-connectivity, the locality is well-served by the BMTC (Bangalore Metropolitan Transport Corporation) buses and private auto rickshaws. As Kormangala is one of the major junctions in Bangalore which acts as a link to all important roads, the locality often witnesses a heavy traffic clogging. However, the upcoming Namma Metro link is likely to reduce these traffic congestions in near future. The locality is bounded by Adugodi in the north, Bellandur in the east, HSR Layout in the south and BTM Layout in the west. With good accessibility to the Intermediate Ring Road, the locality has good connectivity to the Old Airport Road that connects to the Hosur Road and Electronic City. South End Circle Metro Station is nearest metro station for now, which is located about 7km from here. Some o the major sub-localities of this region include SBI Colony, Venkatapura, John Nagar, CV Raman Nagar and KHB Games Village.

With good connectivity to major IT hubs, the demand for apartments in Koramangala has been especially high among the IT professionals. Though, prices of apartments in Electronic City and other IT Hubs are affordable, many prefers well-developed regions like Koramangala for its great social infrastructure and connectivity factor.

Social Infrastructure

Presence of good social infrastructure is yet another major factor that drives the housing demand in this region. Some of the major educational institutes located here include National Dairy Research Institute, St. John’s Medical College, RJS Institute of Management Studies, and Vemana Institute of Technology. Also, there are several reputed schools here namely St. Francis School, Chinmaya Vidyalaya, Lawrence School, Carmel, and Garden Public School. When it comes to healthcare centers, the locality has some best hospitals st. John’s Medical College, Apollo Spectra Hospitals, Beams Hospital, and Marvel Hospital.

With the presence of all these essential needs within the vicinity of this region, the locality certainly lures many potential home buyers who look-out for properties in Bangalore. According to realty sources, the current prices of apartments in Koramanagal range between INR 6,500 to INR 10,500 psft