Overview of Koramangala, Bangalore

Location and Connectivity

Koramangala holds a prime spot in southern Bangalore, famous for excellent connectivity. It is close to Adugodi, BTM Layout, and Sarjapur Road. Surrounded by the Outer Ring Road, Hosur Road, and Inner Ring Road, it provides easy access to the city.

Infrastructure and Amenities

• Koramangala is known for its greenery and lively living spaces. It includes a mix of posh flats, retail units, and deluxe bungalows.
• The area has good BMTC bus links and is near the Metro Station on CMH Road.
• It offers many amenities—reputed schools, hospitals, colleges, banks, and dining places. The Forum Mall on Hosur Road is a short 3 to 5 km drive.

Employment Hubs

• Koramangala is near key IT hubs like Wipro, Infosys, Siemens, Flipkart, and Toshiba Software, all within a small 4 to 8 km radius.

Property Prices and Trends

• The average price per square foot in Koramangala is around ₹14,951, ranging from ₹6,000 to ₹35,357 per square foot. Property rates have dropped by 1.46% over the last year.
• Prices in specific areas like the 2nd Block vary, but Koramangala is seen as a high-value area due to its top-notch location.

Types of Properties

• You can find different property types here, including 2 BHK and 3 BHK apartments as well as independent houses and bungalows.
• Luxury options like Sobha Infinia Phase 2, near Koramangala 1st Block but close to the 2nd Block, offer spacious 3 and 4 BHK apartments with top-tier amenities.

Rental Market

• The rental market in Koramangala is robust, with rents from ₹6,000 to ₹1.3 lakh per month. The area’s proximity to IT and retail hubs keeps it popular among office employees.

PropertyWala's Conclusion

Koramangala 2nd Block, Bangalore, offers an attractive balance for both buyers and renters due to its strong connectivity, vibrant amenities, and proximity to main hubs. It has a variety of property options, catering to all budgets and needs. While prices tend to be high, the area’s premium status and growth potential make it worth considering. The 2nd Block itself has limited specifics, but it benefits from the larger Koramangala region's advantages.