Koramangala 3rd Block, famously known as “Billionaire Street,” has become Bengaluru’s prime property hotspot, drawing startup founders, top executives, and elite investors. This sought-after neighborhood recently saw record-breaking property deals, including Quess Corp MD Ajit Isaac’s purchase of a 10,000-square-foot plot for ₹67.5 crore. Earlier, a nearby 9,488-square-foot plot was acquired by TVS Motors at ₹68,597 per square foot, setting the tone for premium valuations.
Experts attribute these prices to limited availability in Koramangala’s core, where upscale amenities and expansive plots—often spanning 4,000 square feet—command high demand. Average property prices here reached ₹35,000 per square foot in Q3 of 2024, up from ₹32,000 the previous year.
Koramangala 3rd Block’s appeal is boosted by proximity to key IT zones such as Bellandur, Sarjapur, and Electronic City, as well as its prestigious residents, including Flipkart’s Sachin Bansal and Infosys co-founders. Architectural diversity also defines the area, with homes blending heritage charm and modern design, featuring luxury amenities like private gardens, solar power, and rainwater harvesting systems.
Property ownership here is more than an investment—it’s a status symbol, reflecting prestige and success. Driven by these dynamics, Bengaluru’s residential market saw a 10% price increase year-on-year as of Q3 2024, with Koramangala prices averaging ₹19,149 per square foot and rents surging to ₹48,000 – ₹1,34,400 monthly.
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