Properties For Rent In Mangalore

Properties in Mangalore

The chief port city of Karnataka, Mangalore is an important city in the south. It’s the administrative headquarters of the Dakshin Kannada district of Karnataka. Its proximity to Bangalore also makes it an attractive destination. It’s for this reason that many major industrial players are now setting shop in this important city. Know the details in this article.

Real Estate Market in Mangalore

The Mangalore real estate market scenario has been looking upwards, primarily because software companies have been showing great interest in setting up offices in the city. With companies like Wipro and ONGC (Oil and Natural Gas Corporation) deciding to set up offices in Mangalore, the real estate prices has been soaring in recent years. The real estate market prices in Mangalore are estimated to be half of that observed in Chennai and Bengaluru.  The Mangalore real estate market has always been investor-driven. They have a growing economy and greater development.

About Mangalore

Mangalore is situated in a great location. It is placed between the Arabian Sea and the Western Ghats. The city invites plenty of tourists throughout the year. So besides being a rising hot spot for industries, the city is also a tourist magnet, thanks to the lush greenery, calm surroundings, and the pristine beaches located here. Naturally, there’s a consistent demand for temporary stays in addition to commercial property.

Mangalore is set to see a rapid increase in the fulfillment of infrastructure development projects in the city. Already, an increasing number of domestic and multi-national corporations are being established here. Some of the prominent players that have already established offices in the city are Infosys Technologies, and Syndicate Bank, Karnataka Bank, and others. The rise in demand for commercial property in Mangalore is natural.

The sex ratio in Mangalore is tilted in favor of females, at 1014 per 1000 males. The child sex ratio, on the other hand, is 930 per 1000 boys. Mangalore’s average literacy rate as per Census 2011 is 94.03%. Several different languages are spoken in Mangalore, including Kannada, Konkani, and Tulu. The characteristic geographic features of Mangalore are freshwater streams, coconut palms, and rolling hills.

Infrastructure of Mangalore

The state government of Karnataka has invested the largest sum of money in developing infrastructure in Mangalore in comparison with other cities. Private-sector participation in developing infrastructure has also been encouraged by the state authorities.

The basic infrastructure of the city, like the air, rail, health, and social services, is strongly established. The education infrastructure in and around the city is particularly impressive, with its large network of business, medical, dental, engineering, hotel management, and physiotherapy colleges and universities. For this reason, Mangalore is also called the Cradle of Education in Karnataka.

Currently, ample emphasis has been laid on the power sector in the city. The development of this sector in the past few years has been very impressive.

Connectivity in Mangalore

Mangalore can be reached by all forms of popular transport. There are several domestic flights to major cities like Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, and Kochi and flights to international destinations like Dubai, Kuwait, Muscat, Abu Dhabi, and Bahrain. The city is well-connected by rail.

There are 2 major railway stations in the city, Mangalore Central and Mangalore Junction, and two others, Surathkal and Udupi, lie near the city. Mangalore is connected to Mumbai by Konkan Railway and to major southern cities like Trivandrum and Chennai via Southern Railway

A number of private operators offer bus service for traveling within and beyond the city limits. Karnataka State Road Transport Corporation (KSRTC) and the Dakshina Kannada Bus Operators Association (DKBOA) are the key players. All this makes it greatly connected via all the means of transportation.