Koramangla Real Estate Market

Author: Neha Chawla

Author: Neha Chawla

Bangalore, an IT hub, is the most preferred destination not only for techies but also for other homebuyers. The vibrant lifestyle, pleasant weather, good connectivity and world-class infrastructure are some of the factors that have induced people to look for a property in Bangalore. Many big real estate players are investing in Bangalore property market as they are getting good return on investments. The city is offering many housing options from one room flat to big apartments and independent villas. There are many localities in the city which are spurring and catching the eyes of major builders and developers like Indira Nagar, Koramangla, Banshankari, Jayanagar, Malleshwaram, Marthahalli, BTM Layout, Madiwala, HSR Layout, K R Puram etc. These locations are well planned residential areas with good connectivity and affordable prices as compared to localities in west and central Bangalore. Apart from that, Koramangla is emerging as the most happening localities in the city and demand for property and accommodation here is mostly driven by IT professions. Koramangla has emerged as one of the most hotspot destinations of Bangalore in the past couple of years. It has not only housed many shopping centers, malls, business houses and renowned education institutions, firms but also stylish and medium budget houses and apartments. People prefer to settle down here as it has well connected, has close proximity with the city, good infrastructure, and offers affordable prices housing options. There is a great demand for or all kind of property, independent houses, apartments, and flats in Koramangla. To cater the demand for increasing property, many builders have come up with new projects in Koramangla. Among a few projects is the Habitat Mayflower by Habitat ventures property near to Raheja residency apartments. It is a luxury, air-conditioned, spacious apartment complex. The project has elegant architecture and carefully designed homes. It is located at most dynamic location of the city with Wipro Park and some of good schools and colleges are just a doorstep away. The project offers 2 and 4 bedroom homes with area ranging from 1355 to 1922 sq.Ft. The complex comprises of ground floor and three upper floors and a Stilt The property rates and rental rates are quite affordable in Koramangla as compared to other localities in Bangalore. Residential property in Koramangla would cost around Rs.1800-2800 per sq ft whereas commercial property would cost around Rs.2500 4500 per sq ft and in other areas of the city, the rates vary depending on the location. Like in areas like Brigade Road, Dollars Colony, Maker Circle, Augodi, J. P Nagar, Cunnningham Road, Levelle Road the prices of residential property are ranging from 2000-5500 per sq ft. The rental values are also less in Koramangla as compared to other parts of the city. The monthly rental price of two bedroom apartments costs around Rs 8,000-15,000 whereas three bedroom apartments costs around Rs 15,000 to Rs 22,000 whereas one can get fully-furnished independent bungalows, apartments and premium villas with monthly rental of Rs 1.25 lakh or above. The rental prices vary from location to location. About the Author:

Neha Chawla writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estateindustry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property in India, browse through Koramangla Real Estate & Properties.

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