Mangalore’s Real Estate: The Emerging Trend of Community Living

Mangalore, a city situated in the western coastal region of India, is known for its diverse culture, beautiful beaches and a thriving economy. In recent times, however, the city has witnessed a new trend in the real estate market- the growing popularity of community living.

Community living, also known as gated communities, is a concept where a group of individuals reside in a secured compound that has several shared amenities such as swimming pools, gyms, parks, and clubs. The concept is gaining momentum in Mangalore, as more and more people are opting for community living over traditional housing options.

According to real estate experts, the rising demand for community living is due to various factors. Firstly, the increased need for security in an era of rising crime rates is a significant driver of this trend. Living in a gated community provides a sense of safety and security to the residents. Secondly, modern-day lifestyle trends require a shift in living patterns, with nuclear families and professionals leading busy lives, gated communities serve as an oasis from the hustle and bustle of the city. Finally, the shared amenities and recreational facilities available in these communities are also a significant attraction, as residents do not have to travel far to indulge in leisure activities.

One of the prime examples of this trend can be seen in the developments by leading real estate players in Mangalore. Prestige Group, one of India's leading real estate developers, recently launched a luxury gated community in Mangalore, called Prestige Valley Crest. The development offers a range of world-class amenities, including a clubhouse, swimming pool, gym, and tennis court, and has witnessed significant interest from buyers.

Speaking about the trend, Jagan Mohan, Director of Prestige Group, said, The real estate market in Mangalore is undergoing a significant transformation, with an increasing number of homebuyers opting for gated communities. We are proud to be at the forefront of this trend, and our latest development, Prestige Valley Crest, offers residents a luxurious and secure living experience.

Additionally, many gated communities in Mangalore have also adopted eco-friendly practices, such as rainwater harvesting, solar power, and green landscaping, which has proven to be a significant factor in attracting environmentally-conscious homebuyers.

However, community living does come with its set of challenges. The high cost of living and maintenance charges can be a deterrent for many potential buyers. Additionally, some critics argue that living in gated communities can lead to isolation from the city's broader community and create a divide between social classes.

Despite these issues, the trend of community living is here to stay and is expected to continue gaining popularity in the coming years. As Mangalore evolves and grows, the need for secure, luxurious and convenient living options will only increase, and community living seems to be the perfect solution.