Mango, Jamshedpur: An Overview

Area Highlights and Popularity

Mango, Jamshedpur, stands out in the city of Jamshedpur, Jharkhand. Known for its well-connected and prime spots, Mango is a magnet for both buyers and renters.

Diverse Property Range

• Apartments: Found in 1-5 BHK arrangements, these homes are nestled in accessible areas and feature various amenities.
• Villas: Often in gated communities, these spacious homes offer a luxurious lifestyle.
• Land/Plots: Ideal for building your own space, with rates fluctuating based on size and location.

Property Value

Apartments

• Typical prices range between Rs. 3,400 to Rs. 4,238 per square foot.
• The spectrum covers Rs. 1,545 - Rs. 8,000 per square foot.
• For example, 2 BHK flats are around Rs. 23.3 Lac - Rs. 42 Lac, while 3 BHKs are seen at Rs. 36 Lac - Rs. 82.1 Lac.

Land/Plots

• Mango land rates vary from Rs. 500 - Rs. 3,150 per square foot.

Builder Floors

• Prices for builder floors span Rs. 2,850 - Rs. 5,500 per square foot.

Property Values Changes

• Mango's prices have spiked greatly over time. Over the last year, apartments have increased by 10.81%, and by 47.8% over ten years.
• In the July–September 2024 quarter, there's been a recent 3% drop in apartment prices.

Amenities

Most Mango properties include:

• Continuous power and water supply
• Air conditioning
• Furnished and semi-furnished setups
• Gated communities boasting parks and balconies
• Nearby landmarks include MGM Medical College and Big Bazaar.

Rental Market Facts

For renters:

• A 2 BHK flat costs Rs. 6,850 - Rs. 14,899 per month.
• A 3 BHK flat ranges from Rs. 9,000 - ₹15,000 monthly.
• Rentals often bypass brokerage fees while offering extra items like wardrobes, TVs, fridges, and washing machines.

PropertyWala's Verdict

Mango, Jamshedpur, offers an appealing real estate opportunity with a blend of affordable and high-end choices. Its prime locations, amenities, and strong market appreciation make it appealing for investors and users alike. Whether buying or renting, Mango features a wide array of options catering to different budgets and tastes. But always watch for the latest price changes and market trends for the most informed choice.