Property investment advice in Mangalore

Q: What are some good projects in Mangalore? What is the expected minimum investing period for good returns?

Amarnath, Bangalore

31st January 2013

Investment Advice in Bangalore

apartments for sale

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Good to know that you are interested in investing in Mangalore. The city has witnessed a real estate boom in recent years paving way for leading national developers to increase their projects in the city. Leading property developers in Mangalore include Prestige Estates Projects Ltd and Brigade Enterprises Ltd. Upcoming developers such as T3 Urban Developers Ltd also have good integrated township project worth looking at. Apart from these, Peters Cote is the most well known developer in Mangalore city offering good residential apartments at competitive prices. Good returns can be expected over a period of three to five years depending on the location and the type of apartment.

Abhishek,

1st February 2013

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There are a number of good reputed builders and developers offering multiple projects in Mangalore. Since you have not mentioned your budget, there are a number of luxury apartments as well as budget locations which can offer good deals. Paramount Excellencia is an upcoming project in Mangalore consisting of 5 floors and a total of 85 luxurious flats. If you are seeking more affordable residential housing project, check out Shakthi Eminence in Shaktinagar area. Rajeha Universal has also recently launched its luxury project in Mangalore known as Raheja Waterfront. After the recent high in last few years, prices in Mangalore are stagnant due to reluctance of NRI buyers. While you are unlikely to lose money, consider decent returns only over a period of middle to long term.

Neeraj Rao,

1st February 2013

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