Real Estate Mangalore
Located at 357 kilometers west of the software hub of India Bangalore, Mangalore is the preferred choice of people buying owing to its proximity to Bangalore and the pleasures of a hassle-free city life.
Mammoth projects are coming up, that can very easily catalyze the real estate growth in Mangalore. They include three IT parks at Ganjimutt, Thumbe and near Mangalore University which are underway. Each park will be spread over 2-million square feet. The city's biggest project is slated from Oil and Natural Gas Corporation (ONGC). The company plans to pump in Rs 35,000 crore in its ventures.
New property Mangalore
Skyline Constructions and Housing Pvt. Ltd., one of the top league builders in Karnataka and creators of luxury homes have launched their 'Blueberry Hills' project in Mangalore today. The company is keen to invest over Rs. 200 crore across segments, for Property in Mangalore.
Demand for service apartments in Mangalore is also on the rise as both professionals and tourists have made it a popular (tourist) destination. Professionals and employees of software companies are renting or buying properties in Mangalore. Its relaxed and peaceful living is what works with working persons, landholders and senior citizens. Mangalore offers a wide choice of homes, villas, apartments and bungalows.
Office Space in Mangalore
Mangalore is seen as the next destination of IT and IT enabled Services (ITeS) companies. The fact that Infosys, which is running its call centre from Mangalore, speaks for the city's commercial potential as of now. Wipro has also planned to follow suit.
Real estate developers and dealers of Mangalore are flooded with several enquiries for office spaces by prestigious companies from the Business Process Outsourcing (BPO) and ITeS segment.
Property in Mangalore
Prices of both residential and commercial properties in Mangalore have not been touched by speculation. A moderate 10-25 per cent hike is recorded in the property prices in the past 12 months.
Retail Space in Mangalore is equally in demand and retailers are seeing value in the space available.
