Real estate booms in Mangalore.

Q: Why is the real estate sector booming in Mangalore?

Kanthi Sridhar, Bangalore

29th November 2011

Real estate News in Mangalore

real estate

booming

Follow Discussion

Also see discussions for

Mangalore Real estate News Real estate News in Mangalore

Replies (5)

It is the NRIs and high network individuals (HNIs) who drives the real estate market. Previously, Mangalore did not have much of economic activity. Mangalore real estate market is unique. The NRIs, who purchase properties here need not panic as they can wait till the prices go up again before selling. Price correction is very much necessary to have a healthy investment environment.

Sam Pawel,

21st February 2013

Comment

Gandhinagar is the most wanted locality because it has park, stadium and a swimming pool nearby. It is one of the finest localities with 40-50 ft wide roads. Areas such as Falnir, Bejai, Valencia, and Bendorewell are also inviting for investors with prices ranging from Rs. 4,000 to Rs. 5,000 per sq ft. The demand-supply ratio is 1:2 which is expected to be 1:4 in the near future.

Ananya,

21st February 2013

Comment

In the past few weeks, three projects were launched near Gandhi Park. According to a real estate expert, the growth of the real estate in Mangalore is because of the entry of reputed developers such as Godrej, Raheja Group, and Purvankara Group. Many malls have come up and more are under construction in this city.

Rituraj,

21st February 2013

Comment

The post is really informative..
Checkout the information at http://propertystr.com, I am sure you will find something you are looking for out there..

Amith, Mangalore

17th March 2012

Comment