Overview of Kankanady, Mangalore

Positioned and Connected

• Kankanady is a top spot in Mangalore that appeals to both buyers and renters. It sits in a prime area with access to important services and transport points.

Property Costs and Patterns

• The starting cost of properties in Kankanady is about Rs. 4,714 per square foot, with the average price being Rs. 4,962 per square foot. We’ve seen a big year-on-year (Y-o-Y) jump of 20.52% in rates, showing a hot market.

Kinds of Properties and Availability

• Residential Estates:
  • You can find several home types: apartments, standalone houses, and villas.
  • Most people go for 3 BHK apartments, which are stylishly made and comfortable.
  • Currently, there are 6 for sale and 4 for rent in Kankanady.
• Business Places:
  • Commercial spots, office areas, and sales floors are in top spots such as Hampankatta and Bejai.
  • These spaces are great for many business needs, including booking offices, IT hubs, and trade places.

Major Developments and Sites

• Kankanady is full of newer and established projects like Classique Gateway that have many modern home options.
• Places like Kadri Temple are nearby to many rental homes.

Facilities and Essentials

• The place has made good roads, many public services, and easy travel.
• It's not far from main spots like malls, stations, and bus stops, which draw traffic and good business.

Leasing Options

• Leasing homes in Kankanady include 3 BHK apartments costing around ₹35,000 monthly. These often involve upkeep costs and are close to well-known spots.

Rate Brackets

• Residential Areas:
  • 17% of homes are under Rs. 20 lakhs, and 17% move from Rs. 40 lakhs to Rs. 60 lakhs.
• Business Estates:
  • Prices range widely, with commercial shops and office spaces starting at Rs. 60 lakhs up to Rs. 1.35 crores, based on location and extras.

PropertyWala's Thinking

Kankanady in Mangalore is a great place in the real estate market with rising property rates, great connection, and both residential and commercial mixes. It's perfect for both those thinking of buying and those looking for a home. Thanks to its top spot, up-to-date services, and good chances for good financial returns, Kankanady is a must-try whether you're looking to shell out for a place to live or going for a commercial deal with a strong market outlook and positive changes.