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Koramangala has seen major growth in the real estate industry in the past decade and many investments have yielded double the return over 7 years. This has also attracted many people from neighbouring cities in search of properties to invest in and make some handsome profits.
Koramangala is a famous locality in Bangalore, India. Situated in the south-eastern part of the city, it is one of the largest, and a highly sought after residential locality with its wide tree-lined boulevards with a mix of luxury apartments, commercial structures and posh bungalows. Eventually, it has become a commercial hub. Koramangala is largely cosmopolitan in nature and is the focal point of many busy main roads, notably the Intermediate Ring Road (linking the Airport Road with Hosur Road and Electronics City), Sarjapur Road (leading to the Outer Ring Road, the IT corridor and beyond) and 80 Feet Road (leading to Viveknagar and MG Road at the centre of Bangalore). It commands one of the highest property prices and investing in a 3 bhk flat in Koramangala will surely deliver high returns. The city considers Bangalore as one of the better places to live in, although commercialization in the form of shopping centres; malls and restaurants, increa
Commercial and Educational Scenario:
Koramangala is also a home to many educational institutions like the St. John’s Medical College,IIPM, Amity Global Business School, JyotiNivas College, Vemana Institute of Technology, Indian Institute of Astrophysics, NMIMS, and TAPMI.Several software companies are located in Koramangala like Infosys, Wipro, NDS, Siemens VDO, Micro land, Zenith Software, Tally Solutions Pvt. Ltd, Method electronics India Pvt. Ltd., Texas Instruments, Robert Bosch, Mind tree, Lucent Technologies, Toshiba Embedded Software India (TESI), Tavant Technologies, Ciber, and the Indian e-commerce firm Flipkart, to mention a few. Such a vast number of educational and commercial organizations have led to a boom in property prices for all independent and flats in Koramangala.
Real Estate Scenario:
The first impression everyone will get if they have ever been to Koramangala is that it’s the ideal residential area for its calmness and pleasant climate due to abundant greenery. Koramangala is also an ideal place for IT people as it links to the Electronic city through Horus road and Marathalli through outer Ring Road and Indiranagar through inner Ring Road. The prime location of the area makes it a suitable place for property investments. As techies have flooded in, we can expect a lot of Multiplexes, Malls, Restaurants, Pubs and Apartments to have risen up in the recent years.
Entertainment and shopping available in Koramangala
Koramangala has the largest mall in Bangalore in “The Forum” and other malls like “Raheja Arcade” a big shopping cum office mall. Some IT companies in Koramangala like Infosys, Tally, Mind Tree, Wipro, NDS, and Siemens have also set up their bases in this place so are the major banks like Axis, ICICI, HDFC and SBI. To add on to it, Koramangala is also the home to some of the premier colleges of India like St. John’s Medical College, Indian Institute of Astrophysics and others. The presence of so many facilities in Koramangala has led to the overall increase in the demand of 3 BHK flat in Koramangala as more and more IT professionals and ex-students of these colleges are investing in a more luxurious style of living.
So being a part of Koramangala is not easy, as many will looking for a House for rent in Koramangala as every resident of Bangalore will agree to the fact it is the most happening place in Bangalore.
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