Growth of commercial buildings at outskirts
Mangalore- Builders are provided huge opportunities as a large number of commercial buildings are emerging in the outskirts of Mangalore.
Earlier, malls were only situated in city’s major centres like Hampanakatta, MG Road and Bejai. But very soon within 18- 24 months commercial centres will emerge on the city’s outskirts such as Kulshekar, Pandeshwar and Derlakatte.
By 2014 the more than 10,000 apartments will be launched within 5-km radius between Kulshekar and Neermargat, Pandeshwar and Derlakatte.
The largest under construction mall near Mangalore is the Plama Mall at Kulshekar with a Gross Leasable Area (GLA) of 13.27 lakh sqft. The Prestige Group is building Forum Mall in Pandeshwar with 36,814 sq metres of commercial space and 88,092 sq m of built-up area .
President of Mangalore PMA Razak feels that Kulshekar is an area with maximum potential. Prestige Group CEO (retail) Raghunandan said that Pandeshwar mall will serve not only Mangalore but also Udupi, Manipal and Karwar. He also added that a large mall will be build which will be developed on the lines of the proposed malls in Hyderabad and Chennai.
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Apartments, Bejai, Builders, Chennai, Commercial buildings, Commercial real estate, Commercial sector, Derlakatte, Forum mall, Hampanakatta, Hyderabad, karwar, Kulshekar, Mangalore, Mangalore commercial sector, Manipal, MG Road, Neermargat, Pandeshwar, Prestige Group, Udipi
