Mangalore Link Property

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Why more and more real estate investments are attracting Mangalore ?

• Read Real Estate Scenario in Mangalore
• More People want to live in the same space.
• Growth in industry , service sector and tourism.
• Mangaloreans settles in the Gulf are investing heavily here.
• Aviation boom: Airports in small cities reaping benefits.
• Mangalore airport in Bajpe (IATA: IXE is around 20 km north-east of the city centre) is upgraded to International standard and introduction of more flights (from 8 to 35 daily) inluding gulf destination.
• Mangalore-Surathkal four-lane highway road to be ready by May 2008.
• A two acre plot near Jyothi circle sold for Rs 50 Crore.
• Rs 1000 crore being invested in more than 200 big buildings under construction.
• On traditional front, Mangalore is a port-based economy. Mangalore's Real Esate boom is real.
• Mangalore is known for city of financial institutions, where 5 nationalised banks are born.
• As per industry reports, the cost of operating a business from Mangalore is less than half of what is incurred at Bangalore or Hyderabad.
• As per the report of international property research agency Jones Lang LaSalle, the real estate prices in software destinations of Bangalore, Hyderabad and Chennai have saturated, it is time for a real estate boom at Tier-III city like Mangalore.
• Mangalore's location makes it accessible by all forms of transport: road, rail, air and sea. Mangalore have best transportaion facilites in the entire Karnataka State.
• Observers predict that Mangalore’s population will double in the next 10 years.

   

What is in the pipe line?

• Presence of Infosys Mangalore, which is running its call centre from Mangalore, has already issued testimony for Mangalore's commercial potential as of now.
• Presence of STPI Mangalore in Blue Berry Hill Derabail, Mangalore
• Wipro has also planned to launch its operations from the city.
• Three IT parks at Ganjimutt, Thumbe and near Mangalore University are underway. Each park will be spread in area of as much as 2-million square feet.
• Atleast 5 projects each worth more than Rs 500 crores.
• Townships and apartments with gardens, swimming pools etc.
• Big players are finalizing gigantic projects anticipating Mangalore’s population will double in the next 10 years.
• City's biggest project would come from Oil and Natural Gas Corporation (ONGC). The company plans to pump in Rs 35,000 crore in its new 15 million ton petrochemical plant and refinery.

   

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