Which Is The Most Expensive Residential Area In Bangalore
Introduction
Bangalore is the largest city in the Southern part of India and the capital of Karnataka. The city is famous for its vibrant nature. Every year, many people move here for education, health and work. The real estate market is growing due to the rapid growth in IT and shift of people from rural to urban areas. Hence, the demand for residential properties is high.
A residential area is a plot that is mainly used for personal living. The city has many expensive residential areas that offer all the required luxuries. Here are the most expensive residential areas in Bangalore.
Indiranagar: Indiranagar is a famous housing area of North Bangalore. The residential area offers villas, low-rise buildings and independent homes. It connects prime areas like Ulsoor, CV Raman Nagar, and HAL Layout. It is home to many institutes, malls, hospitals and IT hubs. Unique social structure and connectivity make it an expensive area.
Koramangala: Koramangala is one of the most expensive areas in Southeast Bangalore. The place is near to Hosur Road. Transport is good and has easy access to bus, metro, railways. Many industrial areas, co-working spaces, and IT hubs are in proximity. Moreover, the area is safe and secure. Luxurious villas, upscale apartments and gated communities are perfect for posh living.
Malleswaram: Malleswaram carries the old charm of the Northwest part of the city. This area is famous for Kaddu Malleswara Temple. The area has large bungalows, spacious flats and a great social structure. It is near famous schools, corporate offices, hospitals & malls.
Rajajinagar: Rajajinagar is one of the most prominent areas in West Bangalore. It is home to residential properties of eminent builders and has amenities such as malls, parks, schools, and hospitals. The Green Line metro station is nearby. Moreover, the area connects Magadi Road and Chord Road. Urban planning and modern facilities make it an expensive locality.
Richmond Town: Richmond Town is located in central Bangalore. This area has excellent connectivity. IT hubs, malls, roads, etc are in the near distance. The famous Karnataka State Hockey Stadium is in the neighbourhood. The architecture, landscapes and luxuries of this place are amazing.
Details of the property prices in the expensive areas are below.
| Areas | Average property rate of apartment (Per sq. ft.) |
Price for Independent house or villa |
| Indiranagar | Rs. 15,000 | Rs. 3 Crore onwards |
| Koramangala | Rs. 12,000 | Rs. 4 Crore onwards |
| Malleswaram | Rs. 20,000 | Rs. 5 Crore onwards |
| Rajajinagar | Rs. 16,000 | Rs. 6.5 Crore onwards |
| Richmond Town | Rs. 18,000 | Rs. 3.5 Crore onwards |
Conclusion
The expensive areas in Bangalore give an overview of real estate growth in the city. People choose to live in these areas for a premium lifestyle. Property prices are high in the residential areas. However, the desire for luxury and facilities attracts people. People come to live in these areas to get security, amenities, culture and good transport.
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