Manipal, Udupi
- Property Types
- Apartments
About
Overview of Manipal, Udupi
Manipal, found in Udupi district, Karnataka, serves as a key educational and medical center. It draws both buyers and renters to its real estate market.
Property Prices
- Property prices here average around ₹2.65 crore, varying from ₹2.50 crore to ₹2.80 crore.
- On a per square foot basis, averages sit at ₹3,888 to ₹4,751 per sqft.
Types of Properties
- Apartments: Many projects are available in prime spots, near institutions like KMC and MIT Manipal. Often, these include amenities like 24x7 utilities, parking, and are close to markets, schools, and colleges.
- Independent Houses/Villas: There are bungalows and villas as well, some fully furnished, located in quiet, connected neighborhoods. Features can include coconut trees, private wells, and big storage areas.
- Plots: Residential plots from small areas starting at 10 cents up to larger areas, are available for people wanting to build their own homes.
Amenities and Infrastructure
- Educational Institutions: Manipal houses top schools like Kasturba Medical College, Manipal Institute of Technology (MIT), and Manipal University.
- Healthcare: Hospitals such as KMC Hospital offer quality healthcare.
- Transportation: Public transport options, including city bus stands, are well available.
- Lifestyle: The area has plenty of lifestyle amenities like markets, pubs, schools, and colleges, making it convenient to live.
Rental Market
- Rentals feature a range of choices from furnished to semi-furnished apartments.
- Monthly rental prices for 1-4 BHK apartments range from ₹15,000 to ₹35,000, depending on factors like size, location, and amenities offered.
Market Trends
- In the past six months, Manipal's property market has been seeing a downward trend. This indicates a lower pricing window, potentially signaling a good time for investment.
- Current market conditions suggest favorable buying or renting opportunities because of the downward price trends.
PropertyWala's Conclusion
In Udupi, Manipal offers a strong choice for those buying or renting owing to its top-notch education and healthcare, a convenient location, and a variety of property types. Market prices are currently dropping, suggesting a good time to invest. Yet, close market monitoring is vital, focusing on aspects like location, vicinity to essential services, and the condition of the property when making any decisions.
Reviews
Manipal - a place where you have lived once and you never want to live any other place again. You feel you need to go back now and again. It has its own magic, you can never feel you are in some 2 tier city of India..A beautifully done up place with its beautiful artistic villas, buildings which all have their own uniqueness. Known as the deemed university, a small village built up by the Pais to a place of International standards...Manipal boasts of many a students who passed out and have made a mark globally, Satya Nadella, CEO - Microsoft, Vikas Khanna - Celebrity Chef to name a few....And who can forget the beautiful End Point with those beautifully made up gardens but barring the black spot (the Government offices) marring its beauty....truly, Manipal is a place to be, a must visit once atleast in a lifetime.
Pros
- Lots of eateries available so lots of choices
- Auto-stands at almost every moot point
- No problem for hospitals, ATMs, banking, education - you have them all
Cons
- Auto fares too flared up; meter reading not taken into consideration
- Night time travel commute from End Point, via. Vidyaratna Nagar, Anand Nagar becomes troublesome
- Though lot of restaurants, not many have kept their quality standard
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Price Trends
Apartments for sale in Manipal, Udupi
- Locality ID
- A601111301
- PinCode
- 576104