4 Reasons You Must Invest In Mangalore
Mangalore, fondly called as Kudla by the locals is a very important port city in the state of Karnataka. It is a major port in the Arabian Sea since a long time. Today it is a bustling vibrant city with an active work force, great infrastructure, quick development and is marked as a great real estate investment opportunity.
In recent years, Mangalore is witnessing quite a buzz in terms of real estate development. There are many quality oriented developers in Mangalore who are developing amazing residential and commercial projects in the coastal city.
What is a good real Estate Investment?
You can term your investment on real estate as good and profitable if it grows in terms of capital over a period of time. The criteria is the time facto too. The earlier it grows, the better the investment is. It could also be termed as an investment on a property that fetches a good rental income to the investor.
Usually experts consider a good real estate destination to be the location that is not only currently growing but also has the potential to grow over the years. Some parameters to be considered in this regard are its geographical location, population, infrastructure, job opportunities and a couple of other relevant factors, is considered a good real estate investment destination. Mangalore, according to experts, is seeing this trend and can be termed as one such high growth real estate investment opportunity in India.
To bring more clarity on the reasons that has made Mangalore as one of the top destinations in India for real estate investment, we list a few defining factors.
Everybody knows that before we invest in any property, the location needs to be considered as top priority. Mangalore has an advantage being a buzzing major port of the country. Naturally it has seen huge business and trading activities. This has attracted lot of people to settle down in this blissful city. Essentially the real estate demand here is organic and perennial. This factor is a determining factor for real estate growth of any place in the world.
Mangalore is the largest and most developed city in Dakshina Kannada district. Mangalore has a multi cultured hub. This makes it a very advantageous aspect for the city. Since different cultures of people mix and stay in the same locality, there is huge potential for that area to grow drastically owing to the diversity of the population. The influence of multiple cultures,languages,religions, skills and demographics make the social structure of the city very strong. In such an atmosphere, growth is inevitable. This core strength of Mangalore has given birth to various industries, new jobs, businesses and opportunities. Mangalore has a tropical monsoon climate and falls under the region of southwest monsoon.
Mangalore is a treasure trove of natural resources . The economy is driven by industrial, commercial, agricultural and also the port activities The New Mangalore Port is the country’s eighth biggest port. Mangalore is a the land where the country’s major coffee exports and cashew nuts exports happens. Import of high demand products such as crude oil and LPG is through Mangalore ports. This is a strong contributing factor that has drawn global companies and financial investments.
Strong Industrial sector
To name a few, BASF, Mangalore Refinery and Petrochemicals Ltd, Mangalore Chemicals and Fertilizers Ltd, Kudremukh Iron Ore Company Ltd, HPCL, BPCL, Total Oil India Limited are among the big industries established in Mangalore .
Mangalore Special Economic Zone Limited ( MSEZL) is India’s multi-product SEZs with an investment over $2 billions. MSEZ is now the favoured manufacturing destination in India.
Mangalore has also seen a steady growth in the IT companies, financial companies and other corporates that have put up their base in this fast growing city. One of the factor that could be attributed to this is Mangalore’s booming economy and skilled, highly educated man power.
Infosys, Cognizant Technology , Endurance, Mphasis BPO to name a few of the companies that are operating in Mangalore. This promising city has two huge IT parks called Export Promotion Industrial park (EPIP) .
A recent survey shows that Mangalore real estate has been receiving huge investments from Non Resident Indians who consider Mangalore as a safer investment opportunity.
Marian Infrastructures has made its presence felt in the district in a relatively short span of time by building elite properties in prime locations of Mangalore.
Since the inception to the present, over 1100 Happy Homes from 18 Projects have been delivered by the company. Marian is a now a leading infrastructure development company. Marian properties come with world class amenities and is now one of the preferred properties in Mangalore