Overview of Koramangala 5th Block, Bangalore

Location and Connectivity

• Koramangala 5th Block sits along Hosur Road, ensuring great intercity connectivity.
• This part of the city connects smoothly to other areas via HSR Layout, HSR Bus Depot, Dairy Circle metro station, and Central Silk Board metro station.

Property Types and Prices

• Residential Options: Mostly, you'll find 3 BHK and 4 BHK apartment buildings, standalone homes, and residential land here in premium budget zones.
  • Properties here start from around Rs. 6,000 per square foot and average Rs. 13,221 per square foot.
  • Top-tier residences can climb to Rs. 32,500 per square foot.
• Specific Examples:
  • A 3 BHK apartment in places like Vandana Grand can cost between ₹4.52-₹15.79 Cr with an approximate price per square foot of ₹6,467.
  • An upscale independent house might run about Rs. 45.0 Cr for a 5 BHK setup.

Infrastructure and Amenities

• Medical Facilities: Acura Specialty Hospital, Apollo Cradle, and Nova Specialty Surgery Center are nearby.
• Educational Institutions: Schools like PNS School and Adithya Public School are easily accessible.
• Shopping and Recreation: Enjoy hubs such as Manokamana Ceramic, Madiwala Market, Davanam Sakovar Portico Suites, and PVR Cinemas.
• Temples and Places of Worship: Nearby temples include Sri Prasanna Ganapathi Temple and Chamundeshwari Temple.

Rental Insights

• Monthly rental starts from ₹21,000-₹28,000 for mid-range properties and over ₹28,000 for top-tier ones.
• For instance, a fully furnished 1 BHK flat rents for ₹28,000 per month, needing a deposit of ₹75,000.

Lifestyle and Safety

• Nighttime feels generally secure here.
• Cabs and autos are easily available.
• However, some residents cite challenges like inadequate parks and frequent water shortages.

PropertyWala's Final Thoughts

Koramangala 5th Block is a great choice for buyers and renters alike. With its excellent connectivity, good infrastructure, and closeness to key amenities, the area attracts many. Plus, potential homeowners need to consider occasional water shortages and the lack of maintained parks. Still, it's a thriving locale especially appealing to IT pros and startups making it a good spot for investment or living in Bangalore.