Price Trend For Koramangala
Location Sales Trend: Koramangala
Koramangala is a prime residential area in Bangalore, known for its vibrant culture, excellent connectivity, and luxurious lifestyle. The real estate market in Koramangala has been witnessing a steady growth over the past few years, with many new residential and commercial projects coming up in the locality.
According to the data provided, the average rate per square foot in Koramangala is showing a positive trend. In Q1'22, the average rate was 8096 per square foot, which increased to 9005 in Q2'22, indicating a growth of 11.27%. The average rate further increased to 8553 in Q3'22, showcasing a slight dip of 4.98%. However, the average rate bounced back in Q4'22 with a significant increase of 11.16%, reaching 9509 per square foot. The trend continued in Q1'23, with the average rate further increasing to 10921 per square foot, indicating a positive growth rate of 14.81%.
In addition to the average rate trend, the number of transactions in Koramangala is also showing a positive growth trend. In Q1'22, there were 44 transactions, which decreased to 32 in Q2'22. However, the number of transactions increased significantly in Q3'22 with 60 transactions. In Q4'22, the number of transactions decreased to 33, but again increased in Q1'23 to 53.
Overall, the real estate market in Koramangala is showing a positive growth trend, with both the average rate per square foot and the number of transactions increasing steadily. This makes Koramangala an attractive location for investors and homebuyers who are looking for a prime location with a luxurious lifestyle and excellent connectivity.
Top Selling Projects for Koramangala
Bangalore's Koramangala has become a hub of real estate activity, with several top-selling projects that have emerged in recent times. These residential projects offer luxurious living spaces with state-of-the-art amenities, making them the perfect choice for those seeking a premium lifestyle.
Here are the top-selling projects by value in Koramangala:
1. Advaitha Aksha - This luxurious project has a sale value of ₹82 Cr and offers premium 3 and 4 BHK apartments. With world-class amenities like a swimming pool, gym, and landscaped gardens, Advaitha Aksha is the epitome of luxury living.
2. Prestige Pinewood - With a sale value of ₹68 Cr, this project by Prestige Group offers spacious 2, 3, and 4 BHK apartments. The project boasts of amenities like a clubhouse, swimming pool, and children's play area.
3. G Corp Residency - This project offers 3 and 4 BHK apartments with a sale value of ₹64 Cr. The project boasts of amenities like a swimming pool, gym, and landscaped gardens, making it the perfect choice for those seeking a luxurious lifestyle.
4. PCOC Lanai - With a sale value of ₹17 Cr, this project offers premium 4 BHK apartments with world-class amenities like a swimming pool, gym, and clubhouse.
5. Avant Garde Inaaya - This project offers 3 and 4 BHK apartments with a sale value of ₹13 Cr. The project boasts of amenities like a swimming pool, gym, and landscaped gardens, making it the perfect choice for those seeking a luxurious lifestyle.
6. Aquila Apartment - With a sale value of ₹7 Cr, this project offers spacious 2 and 3 BHK apartments with world-class amenities like a swimming pool, gym, and clubhouse.
7. Encore Primitus - This project offers 3 and 4 BHK apartments with a sale value of ₹4 Cr. The project boasts of amenities like a swimming pool, gym, and landscaped gardens, making it the perfect choice for those seeking a luxurious lifestyle.
8. Sterling Infinia - With a sale value of ₹4 Cr, this project offers spacious 2, 3, and 4 BHK apartments with world-class amenities like a swimming pool, gym, and clubhouse.
9. DNR Spring Leaf - This project offers 2 and 3 BHK apartments with a sale value of ₹2 Cr. The project boasts of amenities like a swimming pool, gym, and landscaped gardens, making it the perfect choice for those seeking a luxurious lifestyle.
10. Inclover Solitaire Jaydeep - With a sale value of ₹2 Cr, this project offers spacious 2 and 3 BHK apartments with world-class amenities like a swimming pool, gym, and clubhouse.
These projects offer the perfect blend of luxury and comfort, making them the ideal choice for those seeking a premium lifestyle in Bangalore's Koramangala.
Summary For Koramangala
Location Summary: Koramangala
Koramangala is a popular locality in Bangalore known for its upscale residential areas and commercial establishments. It is located in the south-eastern part of the city and is well-connected to other parts of Bangalore through road and rail networks.
Rental Rate: The rental rate in Koramangala is ₹ 52 which is relatively high compared to other localities in Bangalore. This is due to the high demand for properties in this area, especially among young professionals, students, and expats.
Sales Transactions: Koramangala has a high number of sales transactions, with 370 transactions reported in the recent past. This indicates a steady demand for properties in the area, which can be attributed to its location, amenities, and infrastructure.
Gross Sales Value: The gross sales value of properties in Koramangala is ₹ 364 Cr. This reflects the high value of properties in the area and the willingness of buyers to invest in real estate in this locality.
Current Rate/Sq.ft: The current rate/sq.ft in Koramangala is ₹ 9,183 which is quite high compared to other localities in Bangalore. This is due to the prime location of the area and the availability of premium amenities and facilities.
Overall, Koramangala is a highly sought-after locality in Bangalore, with a high demand for properties and a high value of real estate transactions. It offers a premium living experience for residents and a prime location for businesses and commercial establishments.
