Koramangala a hot destination

Q: What make Koramangala a hot destination?

Krupa Vasavaraj, Bangalore

11th March 2013

Real estate News in Bangalore

villas in koramangala

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Replies (17)

Koramangala Block 1 and 2 are situated close to Agara Village and Mandi markets, which have also restricted the property prices to be at par with other blocks. But in terms of livability and social infrastructure, all the blocks in Koramangala are well-equipped.

Manjunath, Bangalore

5th November 2014

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I know Koramangala is a posh area but is it still possible to get an apartment with a budget of Rs 50 lakhs to rs 55 lakhs.

Varun,

5th November 2014

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Still you can get 1 bhk or 2bhk apartment in this budget in Block 1 and 2 but the same configuration will be costlier in 5, 6, 7 and 8th block.

Harmeet Kaur,

5th November 2014

Why there is so much of difference between the blocks in the same locality? Thats strange

Varun,

5th November 2014

Actually due to non availability of 1 and 2 bhk in block 5-8 in Koramangala, the property values are on the higher side.

Prices are affordable in Block 1 and 2 because these blocks are in the interiors of Koramangala, while others enjoy easy accessibility to the main roads of the city.

Harmeet Kaur,

5th November 2014

Recently Koramangala started to generate a lot of response mainly in the residential sector. The reason behind this is the stabilization n the property prices and slew of initiatives that were announced for the real estate sector in this year's budget.

Harmeet Kaur,

11th August 2014

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I heard that around 180-200 new projects are coming up in Koramangala region. If RBI cut interest rates by 25 basic points this will increase demands for the industry.

Mangal P, Bangalore

11th August 2014

Please provide me the names of some good ongoing projects in Koramangala by A grade builders.

Krupa Vasavaraj, Bangalore

10th March 2014

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Some of the good ongoing projects in Koramangala are KMB La Palazzo, Mythreyi Naimisha, Chourasia Signature, Raheja Vivarea, Sipani Phoenix Grande,, Sterling Infinia and Sipani Classe

Mangal P, Bangalore

10th March 2014

According to experts the property price has doubled in this locality in the last two years. The reason of the rise in property price is because of good connectivity, well developed social and physical infrastructure Many IT companies like Infosys, Wipro, Siemens, and Zenith are located in and around Koramangala. The locality is good for long term investment as well as end use.

Manjunath, Bangalore

10th March 2014

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Can anyone tell me what is the unique selling point of Koramangala?

Krupa Vasavaraj, Bangalore

10th March 2014

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The main USP of this locality is that it lies at Bangalore’s major transport corridors namely the Inner Ring Road, Outer Ring Road, Hosur Road and Sarjapur Road. The residential prices have gone up and it ranges between Rs 9000 – Rs 13000 per sqft.

Mangal P, Bangalore

10th March 2014

I second you Mangal. Apartments in Koramangala are divided into premium and high end apartments. The price of the apartment ranges from Rs 1.20 crores to Rs 5.05 crores. Koramangala is a deep rooteds market and hardly there are any new residential or commercial supply. The capital value has also gone up in this area as there is demand seen from the buyers end with limited supply in the market.

Himanshu Dixit, Bangalore

10th March 2014

What is the current price trends going on in Koramangala?

Krupa Vasavaraj, Bangalore

20th December 2013

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In the July-Sep quarter of 2013, the locality price appreciated to Rs 8621 per sq.ft. The area enjoys good demand due its proximity to important centers of the city and beyond.

Manjunath, Bangalore

20th December 2013

Estimated sales increase in the locality is calculated at 15-20% during the season, mostly due to attractive offers and discounts. The average price per sqft in the area is Rs 6500 and the average inventory available is 1200 sq ft. Furthermore, small developers have thrown in their hats in the ring to cash in on the demand for housing units in the area.

Manjunath, Bangalore

20th December 2013

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According to officials of Cushman and Wakefield, for any micro-market in the city demand for affordable units is driven by the IT/ITes sector and Koramangala is no exception, due its proximity to Electronic City. The inventory is generally high and builders concentrate in this category to cater to the growing demand.

Chetan Hansraj, Bangalore

20th December 2013

The real estate market of Bangalore, as a whole caters to young professionals mainly, and key developers (like Godrej properties, Tata housing, Ashoka Group etc.) try to rope in the target group with affordable housing units.

Mangal P, Bangalore

20th December 2013

I have a question why festival season clicks. Can anyone explain please?

Somesh Venkatesh, Bangalore

20th December 2013

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According to market records, developers have witnessed property sales flying off the shelves during the festive season, which begins from Diwali. Since, the period is considered an auspicious time to purchase properties, there is a slight uptick in the number of deals and transactions during the period.

Chetan Hansraj, Bangalore

20th December 2013

Due to strong demand and limited supply of units in Koramangala, developers do not foresee any major reduction in the resale or luxury market. The locality also cashes in on its proximity to Electronic City. Affordable housing segment, is a major hit in the area, and is being mainly driven by the young professionals migrating from different cities. Experts suggest that this would push-up rentals in this category by 3-6%.

Himanshu Dixit, Bangalore

20th December 2013

Real estate in Koramangala (south Bangalore) will be a buzz this festival season. The sales charts, in the first leg of the festive spirit is likely to hit high and the business is expected to grow by 40-60% higher in comparison to last year, say developers in the locality.

Himanshu Dixit, Bangalore

20th December 2013

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Builders in the area did not witness much downturn in their sales graph this year and the festive season is likely to continue the profit run for them. From premium to affordable, real estate in Koramangala lives up to the expectation of the developers and builders of every segment during the festive season. The period that sets-off from Diwali and continues till New Year, is seen as the perfect time for an investor to buy a property.

Manjunath, Bangalore

20th December 2013

Raheja Vivarea, Mythreyi Naimisha, Vintage Sunshine, Century Heights and Chourasia Signature are some of the upcoming projects in Koramangala.

Arunabha Gupta, Bangalore

19th June 2013

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What is the name of the new projects that are coming up in Koramangala?

Murali Krishnan, Bangalore

19th June 2013

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Koramangala is a saturated end user market with hardly any primary supply in the area. Majority of independent properties are dependent on secondary supply.

Mangal P, Bangalore

18th June 2013

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Koramangala luxury homes that comprises row houses and villas have witnessed 25 percent to 30 percent year on year appreciation and it is unlikely that the prices would come down.

Chetan Hansraj, Bangalore

18th June 2013

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According to experts, property owners are ready to spend anything between Rs 60 lakhs to Rs 70 lakhs to such companies who provide end to end designing and consulting services. However, designing premium houses and villas depends on the type of decor used in setting up the house.

Manjunath, Bangalore

22nd April 2013

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After buying a property in Koramangala, property owners hand it over to the designers and architects who make the property a ready to move in home with all specifications and facilities as demanded by customers. These consultants help from the conceptual stage of planning, construction drawing and designing till the final handover. The charges for designers and architects are generally charged at 10 percent of the project cost according to COA (Council of Architecture) rules. For the consultants the entire charge is a profit because it does not require any initial investment except the real estate and logistics cost.

Dharmesh Shukla, Bangalore

22nd April 2013

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The presence of high-end projects in the area is making Koramangala a hot real estate destination. Almost all the houses are done up in a villa’s fashion or there are studio apartments, duplexes and pent houses which do not come under the regular apartment category and requires special designing.

Yogendra, Bangalore

22nd April 2013

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