Koramangala’s 3rd Block, long regarded as one of Bengaluru’s most desirable residential pockets, is now being informally dubbed “Billionaire Street” as ultra-high-net-worth individuals and prominent tech founders gravitate toward the leafy inner-city enclave. Sky-high property values and a tightly held housing stock have turned the neighbourhood into a symbol of luxury demand within the city’s core.

Tech Wealth Redefines an Inner-City Address

The rise of Koramangala’s 3rd Block mirrors Bengaluru’s transformation into a global technology hub. Successful startup founders, venture capitalists and senior technology executives have increasingly chosen the area for private residences, valuing both prestige and proximity to major commercial corridors.

Unlike newer luxury developments on the city’s outskirts, the appeal here lies in established infrastructure, central connectivity and the ability to live close to work while retaining privacy and exclusivity.

Residential Prices Reach Rarefied Levels

Residential land and bungalow prices in 3rd Block have reached some of the highest levels seen in Bengaluru’s housing market. Large independent plots, often spanning several thousand square feet, command prices that rival or exceed premium micro-markets in Mumbai and Delhi.

The limited availability of plots — many of which are held by long-term owners — has intensified competition, pushing values steadily upward and reinforcing the street’s elite status.

Low Density, High Privacy Drives Demand

One of the defining characteristics of Koramangala’s 3rd Block is its low-density development pattern. Wide roads, mature tree cover and standalone homes offer privacy rarely found in dense urban settings.

Luxury residences here often feature bespoke architecture, private gardens, high security, and modern sustainability features, appealing to buyers who prioritise discretion over vertical living.

Inner-City Luxury Gains Momentum

Real estate experts note that the emergence of “Billionaire Street” reflects a broader trend in Bengaluru’s housing market, where wealthy buyers are favouring central, established neighbourhoods over peripheral luxury projects. Ease of access to top schools, healthcare, social infrastructure and business districts has become a key driver of demand.

This shift underscores growing appetite for lifestyle-led real estate rather than purely investment-driven purchases.

A Marker of Bengaluru’s Evolving Wealth Landscape

Koramangala’s 3rd Block now stands as a visible marker of Bengaluru’s evolving wealth distribution — where startup success and technology-led fortunes are reshaping traditional residential hierarchies. As land scarcity persists and demand remains resilient, the area is expected to retain its status as one of the city’s most exclusive residential addresses.

  Bengaluru luxury property, Billionaire Street, Koramangala’s 3rd Block, Residential Properties