Don’t get shocked if you see Nandan Nilekani and Kris Gopalakrishnan, Infosys co-founders, running on Koramangala’s 3rd Block street in Bangalore. It is because this street has become home to the affluent and biggies of India. Now calling Bangalore the city of riches won’t be wrong, but imagine a whole street dedicated to billionaires! That’s some other level of luxury. This might come as a surprise for many but the famous Koramangala’s 3rd Block street is also known as “Billionaire Street” (though informally). Amid those shiny skylines of Bangalore, this residential enclave stands out for a unique reason and the stretch has become India’s most expensive residential real estate market. But what exactly makes this street so astronomically pricey? Let’s figure out the answers.A world of wealth and more wealth Billionaire Street is not just expensive property, the place is pricey because of the people who live here. The neighbourhood has attracted some of India’s most successful entrepreneurs and business people. As per reports, Flipkart co-founders Sachin and Binny Bansal and Infosys co-founders Nandan Nilekani and Kris Gopalakrishnan, among others have made this street their permanent addresses.Because of the presence of marquee residents two things happened:
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Property rates sky rocketedAppeal of the street increased The place became one of those hubs where success is manifestedRecord-breaking real estate dealsIn 2024, Ajit Isaac of Quess Corp made headlines by purchasing a 10,000-square-foot plot in Koramangala’s 3rd Block for a whopping INR 67.5 crore. It is among the highest residential rates recorded in the history of Bangalore. Soon, the street became one of the most expensive in the history of Bangalore’s real estate markets. Strategically located
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Another best feature of the street is its strategic location and the mix of limited supply and high demand. Koramangala’s 3rd Block has a fixed number of independent plots and bungalows. Today there aren’t many of them left to sell. And that’s also one of the reasons why prices accelerate sharply. Also, Koramangala is the heart of Bangalore, located close to several employment hubs like Outer Ring Road tech belt, Sarjapur Road, HSR Layout and Electronic City. Beyond locationBillionaire Street is brimming with high-end, luxury estates which are often custom built. This is where people show-off their wealth in the form of private gardens, swimming pools, private gyms and best security systems. The interiors tell another story. Many properties also feature energy-efficient technologies like solar power and rainwater harvesting. Investment appeal
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From an investment point of view, Billionaire Street has shown robust value appreciation. Not only this, average prices in the broader Koramangala region have also touched the sky. As aspirational wealth grows, driven by startups, and international capital flows, this segment is attracting buyers not only from the country but from abroad as well.Billionaire Street in Bangalore is more than just an expensive and affluent address. The place narrates the story of concentrated wealth and social status. It talks about how with limited supply, strategic location and celebrity residents can transform a normal street into one of India’s most exclusive neighbourhoods.