Reasons You Must Invest In Residential Projects in Mangalore.
Mangalore, fondly called as Kudla by the locals is a significant port city in the state of Karnataka. It is a major port in the Arabian Sea for a long time. Today it is a bustling, vibrant city with an active workforce, excellent infrastructure, agile 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 a few quality-oriented developers in Mangalore who are developing amazing residential and commercial projects in the coastal city.
What is an excellent real Estate Investment?
You can term your investment in real estate as pleasant and profitable if it grows in terms of capital over a while. The criteria is the time factor too. The earlier it becomes, the better the investment is. It could also be termed as an investment on a property that fetches a high rental income to the investor.
Usually, experts consider an excellent 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 regarded as an excellent 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 have 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 residential property, the location is considered as a top priority. Mangalore has the advantage of being a major buzzing port of the country. Naturally, it has seen large business and trading activities. This has attracted a lot of people to settle down in this blissful city. Mostly 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 and is a multi-cultured hub, and this makes it a very favourable aspect of the town. Since different cultures of people mix and stay in the same locality, there is enormous 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 the land where the country’s significant coffee exports and cashew nuts exports happen. Import of high demand products such as crude oil and LPG is through Mangalore ports. This is a substantial 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 of over $2 billion. MSEZ is now the favoured manufacturing destination in India.
Mangalore has also seen 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 factors that could be attributed to this is Mangalore’s booming economy and a skilled, highly educated workforce.
Infosys, Cognizant Technology, Endurance, Mphasis BPO are some 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’s residential properties have 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 period by building elite residential houses in prime locations of Mangalore.
Since the inception to the present, over 580 Happy Homes from 16 Projects have been delivered by the company. Marian is now a leading infrastructure development company. Marian properties come with world-class amenities and is now one of the preferred residential properties in Mangalore.