Here's why Bengaluru's who's who reside on ‘Billionaire Street’
Koramangala 3rd Block in South-East Bengaluru, also known as ‘Billionaire Street’, has recorded some of the most expensive property deals in the city till date.
Photo Credits: Shakshi Jain/ HT
In Bengaluru's costliest property buy so far, Quess Corp MD Ajit Isaac purchased a 10,000-square foot plot in this tony neighbourhood for ₹67.5 crore earlier this year.
Photo Credits: Shakshi Jain/HT
Before this, a 9,488-square foot plot clinched at ₹68,597 per square feet by TVS Motors in the same locality held the tag of the most expensive realty deal in the IT capital.
Photo Credits: Bachchan Kumar/ HT
Sectoral experts say that the high valuations stem from a real estate supply crunch in this coveted prime locality. They're not comparable to broader market dynamics in the garden city.
Photo Credits: Pexels
This pin code is home to the who's who of Bengaluru, including startup founders, C-suite executives, politicians and real estate developers, among others.
Photo Credits: Shakshi Jain/ HT
The resident roster reportedly includes names such as Flipkart co-founder Sachin Bansal, Infosys co-founder Kris Gopalakrishnan, Narayana Health's Dr Devi Shetty and politician Rajeev Chandrasekhar.