Koramangala

Koramangala

ಕೋರಮಂಗಲ
Koramangala ಕೋರಮಂಗಲ
neighborhood
	Koramangala Junction on Hosur road
Country	India
State	Karnataka
District	Bangalore Urban
Metro	Bangalore
Languages
• Official	Kannada
Time zone	UTC+5:30 (IST)
PIN	560034,560095
Vehicle registration	KA-01

Koramangala is a locality in Bangalore, India. Situated in the south-eastern part of the city, it is one of the largest neighborhoods, and is a highly sought after residential locality with wide tree-lined boulevards and a mix of luxury apartments, commercial structures, and posh bungalows. Planned as a suburb post-independence, its location between Bangalore and Electronic City attracted migrants from across the country during Bangalore's tech boom of the late 1990s. Consequently, it has gradually developed into a commercial hub.^[1]

Koramangala is largely cosmopolitan in nature. It 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 center of Bangalore). It commands one of the highest property prices in the city and is considered by Bangaloreans to be one of the better places to live, although commercialization in the form of shopping centres, malls and restaurants, increasing traffic and population have posed problems for its residents.

Koramangala is also home to many educational institutions like the St. John's Medical College, Christ University, Indian Institute of Plantation Management, Amity Global Business School, Jyoti Nivas College, Vemana Institute of Technology, Indian Institute of Astrophysics, NMIMS, and TAPMI.

Geography

Koramangala is divided into 8 blocks spread over approximately 1800 acres. Blocks 1–4 are separated from blocks 5–8 by the Inner Ring Road leading to Domlur/Indiranagar. Up to the 1970s, one would pass the village of Adugodi on the Hosur Road and then usually bypass Koramangala which was on the left while going to the industrial suburbs of Bommanahalli or Bommasandra, about 10 and 20 kilometres away respectively. Settlement was sparse in Koramangala and only towards the late '70s did more houses get constructed. The road to Bommanahalli and Bommasandra now houses Electronics City, home to many technology firms including the global software giant Microclix, Infosys.^[2] ^[3] The former Koramangala tank was drained, and the National Games Village apartment complex was built on it.

Real Estate

Today, Koramangala is a key location for retail trade and luxury residential houses. Limited land availability for new developments and ever-increasing demand, makes Koramangala a hot real estate destination of Bangalore. The rental housing demand is also significant as indicated by average rental yield trends in Koramangala. Prestige Estates Projects Ltd, Sipani Properties Pvt. Ltd and Apranje Estates are among the top developers in this area.^[4]