RealEstateIndia.Com
  • Subscribe

Know All About Koramangala, Bangalore (A Complete Guide!)

Koramangala located in Bangalore with a pincode of 560034 is one of the most elegant and lively posh localities of Bangalore. Which is located in the Lower East Side of the city in the Bangalore Urban district. Plus, this area has a current population of 153,187 spread across approximately 6.94 square kilometers. Plus, with that, Koramangala maintains a high population density of over 22,000 people per km².

Koramangala

This contributes to this locality being one of the most populated and popular places in Bangalore. In addition to this, this district covers eight blocks on approximately 1,800 acres, which has boulevards that are lined by trees as well as high-end shopping and a thriving start-up environment. Besides the fact that this locality is only 6-8km southeast of Bellandur, which used to be a sleepy village, it is now an IT corridor with Bellandur Lake and the Outer Ring Road (ORR) serving as its lifelines.

This guide, given by realestateindia.com, offers a comprehensive dive into Koramangala's geographic and demographic profile. Plus, it has smooth transport and upcoming infrastructure with the residential and investment potential in this locality of Bangalore with many properties like flats, PGs, bungalows and its lively commercial and lifestyle facilities. Alongside, it gives practical travel insights for navigating this urban powerhouse.

About Koramangala, Bangalore

Attribute Details
Location South Bengaluru, Karnataka
Pincode Koramangala pincode: 560034
Area Blocks 1st--8th Blocks
Population Estimate 50,000+ residents
Nearest Metro Station Koramangala Metro Station
Nearest Railway Station Koramangala nearest railway station

History & Evolution of Koramangala, Bangalore

Koramangala was previously a scattered populated suburb on the existing road to industrial Bommanahalli. Which witnessed a lot of construction since the late 1970s. Its development was spurred by the IT boom in Bangalore in the 1990s, and it began attracting professionals and businesses. Nowadays, it combines both tradition and modern culture and there are tree-lined streets, on the one hand, and high-tech startups, on the other.

Demographics and Lifestyle in Koramangala, Bangalore

The region is mostly occupied by young professionals between the ages of 25 and 35 years, with a large community of students because of the presence of various learning institutions. It is a modern and fast life that is synonymous with the entrepreneurial culture that characterises the startup environment in Bengaluru.

Know All About Koramangala, Bangalore (A Complete Guide!)

Property Prices

Koramangala is very expensive and costs an average ₹15,827 per sq. ft, with YoY land rate growth of 39.7% in the last year & 46.3% in 3 years. Let us refer to the table below to explain the available options:

Configuration Price Range (INR) Rate per sq. ft.
1 BHK ₹35 L - ₹75 L ₹5,800 -- ₹15,000
2 BHK ₹70 L - ₹1.7 Cr ₹8,000 - ₹18,000
3 BHK ₹2 Cr - ₹3.5 Cr ₹12,000 - ₹22,000
4 BHK ₹4.75 Cr+ ₹15,000 - ₹25,000

Appreciation & Yields

Over the past five years, real estate in Koramangala has appreciated by approximately 35.5%, with rental yields around 3% annually. Which is among the highest in South Bengaluru. Let's have a look at the table given below:

Average Rental Rates

Property Type Average Monthly Rent (INR)
1 RK 1 RK in Koramangala: ₹8,000
1 BHK 1 BHK for rent in Koramangala: ₹25,000
2 BHK 2 BHK house for rent in Koramangala: ₹45,000
3 BHK 3 BHK for rent in Koramangala: ₹60,000

Investment Outlook in Koramangala, Bangalore

This locality has excellent fundamentals of low supply of land, healthy breed of IT-driven demand, and superior infrastructure that projects total returns of 10-15 per annum through capital appreciation (8-12%) and rental income (2-3%).

Top Blocks for Buyers & Investors in Koramangala, Bangalore

  • 1st Block: Premium residential enclave with flats in Koramangala; average ₹28,000/sq. ft.; that gives high scarcity value.
  • 4th Block: Commercial properties and mixed-use developments, which cost around ₹25,000/sq. ft. valued excellent for rental income
  • 5th Block: This block emerging area with new projects; ₹22,000/sq. ft. i.e, considered as strong appreciation potential.
  • 6th Block: This block is considered a Balanced residential-commercial property in the Koramangala mix; ₹24,000/sq. ft. This gives steady returns in the future.

Connectivity & Transportation in Koramangala, Bangalore

Road Access

Koramangala has a superb road network with some of the major arterial roads that connect it to the other parts of the city, namely Hosur Road, Bannerghatta Road, as well as Outer Ring Road. Even the road traffic is not a problem because of the well-cabined roads.

Public Transport

This locality is It is also well connected with BMTC buses to the key parts of Bengaluru. There are several intercity bus services that commute throughout the day and commuting is not a costly affair.

How to Reach Koramangala by Metro

It is the connectivity of Koramangala around the metro station that has gained vast improvement due to the extension of the Purple Line. Majestic to Koramangala metro timings are between 5.00 AM to 11.00 PM. The nearest metro station serves as an advantage as it makes Koramangala accessible by all means available to connect to the rest of the city.

Metro & Rail

The closest station to it on the Green Line is Adugodi (~2 km). Majestic Rail Station is 10.9km northwest, and there are various feeder services.

Airport

The Bangalore International Airport is 32 miles along the Outer Ring Road, which takes about 50 minutes off-peak.

Top 5 Schools in Koramangala, Bangalore

Here is the list of top five Koramangala schools showing their curricula, grade range to help you pick the best school for your child. Let us look at the table below:

Rank School Name Curriculum Grades Offered
1 National Public School, Koramangala CBSE Nursery - Grade XII
2 St. Francis High School, Koramangala ICSE, State Board Nursery - Grade X
3 Bethany High School, Koramangala ICSE, ISC Pre-Nursery - Grade XII
4 Narayana e-Techno School, Koramangala CBSE Pre-Nursery - Grade X
5 Chinmaya Vidyalaya, Koramangala ICSE LKG - Grade XII

Top 5 Colleges in Koramangala, Bangalore

A table given below shows the five best pre-university and degree colleges in Koramangala and provides information about the type and streams offered to help in making better choices of higher education. Here is the table to be glanced at:

Rank College Name Type Courses/Streams
1 St. Francis Composite Pre-University College PU College Science, Commerce
2 Jyoti Nivas Pre-University College PU College Science, Commerce
3 Baldwin Boys' Pre-University College PU College Arts, Commerce
4 RJS First Grade College Degree College B.A., B.Sc., B.Com., BBA, BCA
5 National Pre-University College PU College Arts, Commerce

Risks and Challenges in Koramangala, Bangalore

  • Traffic Congestion: Excessive traffic leads to standstill rush hours; site visits should have close analysis before investment; progress remains driven via infrastructure projects.
  • Disruption to Construction: Until 2026-2030, when the metro and flyovers are completed, the residents will suffer due to the noise, dust, and accessibility issues.
  • Regulatory Uncertainty: There has been a movement in the FSI, BBMP zoning, and encroachment acts that can impact the land-use and approvals.

Essential Services and Government Offices in Koramangala, Bangalore

The list below is an essay of government offices of any importance and facilities in Koramangala with addresses and phone number, landmarks etc. Let us look at the table provided below:

Office Type Address Contact Landmark Services
Koramangala Passport Office 3rd Floor, Prestige Meridian, MG Road Junction, 5th Block +91-80-2559-8000 Near Sony World Signal Passport applications, renewals, verification
Income Tax Office, Koramangala 2nd Floor, Raheja Arcade, 6th Block +91-80-2553-7890 Opposite BDA Complex Tax filing, PAN services, TDS issues
Koramangala RTO Office Ground Floor, Government Complex, 7th Block +91-80-2554-1234 Near Koramangala Club Vehicle registration, license renewal, RC transfer
BESCOM Office #89, 80 Feet Road, 4th Block +91-80-2553-5678 Next to the Indian Oil Petrol Pump Electricity connections, bill payments
BWSSB Office #156, 1st Cross, 6th Block +91-80-2554-9876 Behind Shoppers Stop Water connections, sewage complaints

Emergency Services

Emergency response services are well prepared in the area. Koramangala has a fire station in the adjacent layout, HSR Layout, which responds with an average response time of 8-10 minutes. In addition, a number of medical facilities like Manipal Hospital and Apollo Clinic do provide 24/7 medical emergency services.

  • Contact Number of Fire Station: +91-80-2573-0101
  • Medical Emergency: 108 (Government Ambulance)
  • Police Emergency: 100

Frequently Asked Question About Koramangala, Bangalore

  1. Where is Koramangala located?

    Koramangala is located in South Bengaluru, Karnataka. Plus, this locality covers eight of its blocks. Which have lively residential properties in Koramangala, commercial, and technology centers.

  2. What are the metro timings to go to Koramangala?

    Take the purple line metro and get down at Indiranagar or MG road railway station and travel by cab, auto or bus to Koramangala in a few minutes.

  3. What is the Koramangala pincode?

    Koramangala also has its own pincode 560034 that includes eight of the blocks of the area and offers prospects to the postal services in this busy locality in Southern Bengaluru.

  4. What metro station is closest to Koramangala?

    The nearest Metro Station is Indiranagar Metro Station on purple line. The availability of this connection by means of metro provides easy access to Koramangala through short auto or cab drive.

  5. Is it Koramangala in Bangalore South?

    Yes, Koramangala is located in South Bangalore, which is a high-end and star area with high-standard residential areas, Information Technology, and booming business centers.

Related Posts

0/5

ADD COMMENT