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The number of expatriates choosing to move to Bangalore is seeing the real estate market in Koramangala face unprecedented demand.
It has always been a highly sought after area of the city to live in, but now its luxury apartments situated on tree-lined boulevards are even harder to get hold of, due to the sheer number of expats trying to rent them, reports the Times of India.
A recent survey carried out by global HR consultancy Mercer found that Bangalore is the best city for expats, and the Koramangala area is particularly popular due to its cosmopolitan feel and the opportunities it offers to professionals.
A number of international companies have opened up offices in Bangalore including Robert Bosch, Safran Aerospace, NDS and Decathalon, all of which are extracting expats to the country to work.
Kalpana Murthy, associate director-residential services at Cushman & Wakefield, told the news provider: "These locations already have a sizeable expat population living; new expatriates also feel comfortable living in the vicinity.
"While both villas and high-end luxury apartments are considered by expats for living, the size varies according to the family size whilst the rent depends on the job/occupation profile of the expats."
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