Bangalore’s rapid expansion over the years due to the boom in the IT Sector has caused the city to spread out in a large area that extends way beyond the boundaries that would have actually been imagined by its founder Kempe Gowda. The centre of the city and its adjoining area are not affordable for those seeking economical choices. However, for those who can afford, they can consider investing in properties in the following areas:- Sadashivnagar Sadashivnagar is home to movie actors, politicians and businessmen, since it is a posh, upmarket area. Some of the most famous inhabitants include actor Rajkumar, former Chief Minister S. M. Krishna, and the founder of the Cafe Coffee Day chain V. G. Siddhartha, among others. Sadashivnagar is historically relevant and culturally important since the location is of one of the four pillars builtto mark the ancient boundaries of Bangalore by Kempe Gowda, Its earlier name was Palace Orchards and later was renamed in honour of Karnad Sadashiva Rao, a veteran freedom fighter, philanthropist, and one of the key leaders who was instrumental in building up the Congress Party in Karnataka. Sadashivnagar possesses a graceful, old world charm becauseof its stately mansions and tree-lined lanes that are home to some of the traditionally affluent and highly educated families. However, the cultural background is changing today with the constant influx of population from outside. Dollars Colony Appropriately named, the homes in Dollars Colony were built by NRIs who came to Bangalore owing to its comfortable weather conditions and serene lifestyle. Dollars Colony today houses famous politicians, bureaucrats and businessmen and is considered as one of the most posh localities in Bangalore. The locality has wide roads, plush gated communities, and thus is a much sought after area. Koramangala The name Koramangala is derived from the Kannada words ‘kora’ meaning overhaul and ‘mangala’ meaning ‘welfare.’ However it seems to be a misnomer considering that once upon a time Koramangala used to be a swampy land, being marshy and mosquito-infested area. It’s because of this reason the land in this area was affordable and during the 1990s, large IT Companies like Infosys and Wipro were established here. Koramangala has since thentransformed. There are many commercial buildings, including Forum, Bangalore’s first official mall, along with many premier educational institutions like Jyoti Nivas College, the Indian Institute of Astrophysics and St. John’s Medical College. Koramangala was earlier home to only the super-rich. It nowhas an interesting mix of young It professionals, business magnates, and college students. Shantala Nagar Shantala Nagar, previously known as MacIver Town after L.J. MacIver a high ranking official of the British Civil and Military Station and the President of Bangalore Club, is centrally located area of the city. Shantala Nagar is traversed by Lavelle Road, Vittal Mallya Road and Kasturba Road, which are the most upmarketroads of Bangalore. It comprises a mix ofboth old apartments and new commercial establishments. Jayanagar Jayanagar, literally means ‘Victory City’. It is regarded as the southernmost end of Bangalore, which is also demarked by South End Circle and Ashoka Pillar. Jayanagar, founded in 1948 as one of the first systematically planned neighbourhoods in Asia isdivided into 10 blocks, With the passage of time, Jayanagar has transformed. It now houses several premier educational institutions like RV College of Engineering and NMKRV College for Women and many medical establishments like Nethradhama and Sanjay Gandhi Accident Hospital & Research Institute. It has currently become one of the most cosmopolitan and upmarketareas ofBangalore because of influx of the IT population.
The top five expensive neighbourhoods in Bangalore
