Featured Projects Mangalore, Karnataka
Mangalore, Karnataka Property Guide
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Union Budget 2025: Key Takeaways and Impact on Real Estate
The Union Budget 2025 focuses on economic resilience, tax reforms, and infrastructure development, significantly impacting India's real estate sector through various incentives and policy changes. -
How India’s Tier 2 cities are growing in response to global real estate trends
India’s Tier 2 cities are emerging as prime real estate destinations, driven by smart initiatives, sustainable practices, luxury developments, and improved connectivity. -
5 Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
India's retail landscape is shifting, with Grade A malls thriving while Grade C malls face high vacancy rates. Many struggling malls are being repurposed due to evolving consumer preferences and the rise of e-commerce. -
Get Returns From Real Estate Without Buying Property: Understanding REIT Investment In India
REITs in India offer investors a way to access the real estate market without direct property ownership. They distribute significant earnings as dividends, making them attractive to income-seeking investors. Learn how REITs work, how to invest, and key players in the Indian market. -
Is it possible to sell real estate without co-owner approval?
Selling jointly owned property in India requires the consent of all co-owners. Legal action can be taken if a co-owner sells without consent. This article explores the legal aspects of selling jointly owned property and the differences between co-ownership and joint ownership. -
What do you mean by FERA?
FERA, enacted in 1973, regulated foreign exchange dealings in India. Replaced by FEMA in 2000, which focuses on managing foreign exchange while promoting trade and investments. Key differences include property acquisition criteria, shifting from citizenship under FERA to residency under FEMA. -
The finest cement for plastering a home
Cement plastering is crucial for durable walls and a smooth finish in construction. Portland Pozzolana Cement (PPC) is often preferred for its water resistance and superior finish compared to Ordinary Portland Cement (OPC). Various cement grades cater to different construction needs, with Grade 33 commonly used for plastering. -
Getting around India’s constantly changing real estate laws
India's real estate sector is transforming with regulatory changes aimed at enhancing transparency, sustainability, and growth, promising a prosperous future for investors and homebuyers alike.
Mangalore, Karnataka Real Estate News
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CREDAI Mangalore Partners with SI-8 to Boost Real Estate Innovation
CREDAI Mangalore and SI-8 form a partnership to transform real estate through innovation and sustainability, setting new standards in green building and urban development. -
Land Trades Launches Mangalore’s First Virtual Real Estate E-Platform: A PropTech Revolution
Land Trades introduces Mangalore’s first virtual real estate platform, enabling immersive property exploration and accelerating PropTech adoption in coastal Karnataka. -
What occurs in India if property taxes are not paid for ten years?
Non-payment of property taxes for ten years can lead to severe penalties, legal action, and even foreclosure in India. It's crucial for property owners to understand the implications and address any arrears immediately. -
Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers
Jaipur is emerging as a luxury real estate hotspot. Akshat Developers' Sawai project epitomizes this trend, offering opulent villas and apartments amidst landscaped gardens and modern amenities. -
CBRE decodes real estate through the spiritual tourism lens
A new report reveals how retail chains are capitalizing on rising spiritual tourism in 14 Indian cities, highlighting trends and growth opportunities in the sector. -
According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
In Q1CY24, Grade A office space demand in India surged, driven by key cities. CEDAI predicts demand will hit 70 MSF by 2024, supported by economic growth. -
India’s Commercial Real Estate Is On Track For Successful Growth This Year
India's commercial real estate market is poised for growth, bolstered by demand for office spaces and increasing interest from NRIs, promising lucrative investment opportunities. -
DLF is one of the real estate companies on the list of the fifteen most valuable companies in India
DLF, Macrotech, and Godrej Properties are highlighted as top real estate firms in a recent Burgundy Private Hurun India report. The sector shows promising growth prospects.
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Mangalore: A Promising Real Estate Hotspot
Mangalore, a dynamic coastal city in Karnataka, is becoming a critical place for real estate investment and development. Here are a few major points when considering to buy or rent property in this city:
Infrastructure and Access
Mangalore’s strong infrastructure is a big push for its real estate boom. The expansion of Mangalore International Airport and better road links through NHAI are making the city more accessible. This makes it more attractive for both home folks and businesses.
Residential Market
Real estate in Mangalore's residential sector is picking up due to the city’s growing IT industry and educational and job centers. There has been a nice price increase, around 10% over the past quarter, showing strong faith from investors. The average price per square foot is between INR 3000 and INR 6000, depending on the place and features.
Builders are adding top-notch amenities and innovative designs, matching homebuyers’ changing desires. Yet, cost is a problem, so builders offer flexible methods like installment payments and smaller down payments to make homes reachable.
Commercial Real Estate
Mangalore’s business real estate market will also grow big. Being a port city makes it good for factories, logistics, and trade. The increase in co-working areas and the coming of IT and tech firms drive the need for office spaces. Business areas like Land Trades Vikram will become main economic spots.
Rental Market
Renting in Mangalore is rising, with a yearly increase of 3%. Demand is mainly due to the IT industry and schools and hospitals. Areas like Kadri, Bejai, and Falnir are liked by young pros and students, giving higher rental rates. The normal price for a two-bedroom flat is ₹15,000-18,000 per month.
Sustainability and Tech
There's a big push for green and eco-friendly homes in Mangalore. Buildings that are energy-saving, collect rainwater, and manage waste are becoming popular. Also, more people are using PropTech, which uses things like online property tours and smart home systems to make buying and selling homes easier and clearer.
Government Actions and Rules
The government, with plans like affordable housing and help for first-time buyers, is supporting real estate growth. The RERA (Real Estate Regulatory Authority) has made deals more open and honest, gaining trust from buyers and investors.
PropertyWala's Final View
Mangalore offers a good chance for home buyers and renters. With its strong development, growing IT industry, and focus on eco-living, the city is set for big growth. Though there are issues like higher building costs and rules to manage, the market looks stable and clear. For investors, looking closely at the areas and property kinds, and using new ways like virtual tours and flexible payments will help in this ever-changing market.