Mangalore is one of the fastest rising cities in the state
of Karnataka. It is not only an educational hub, but is also taking fast
strides on different other fronts, both industrial as well as the IT zone. The
population of the city has exceeded five lakhs. Mangalore is also one of the main ports in
India. And also know for its world famous hospitals and educational
institutions. According to a recent report, it is rated as the second fastest rising
Indian city of the real estate boom.
The city is varying rapidly and it is just a matter of time
before Mangalore makes its mark on the world map. Mangalore situated near Bangalore is seeing
continuous appreciation in the residential sector. As anticipated land rates
began to soar and this gave a drive to the real estate industry in the
area. Residential property rates too
have noted more than 50 per cent appreciation in past one year.
The advent of information technology units has contributed
to the city's rapid growth. The upgradation of the Bajpai Airport to an
international one is one of the reasons for investors to show a keen interest
in this city. The revamp ensured that the city is now well connected by land,
water and air. Prominent developers from
Bangalore, Mumbai and Pune are showcasing their new luxury projects in the
city.
