The Growing Trend of Vertical Gardens in Mangalore's Apartments

    Read latest blogs and articles from Housystan

    The Growing Trend of Vertical Gardens in Mangalore's Apartments

    The Information mentioned here was last updated on:

    6/7/2024

    Mangalore is not just known for its beautiful beaches and tasty seafood but also the architectural marvels of its apartments. As the city expands, developers are constrained by the land scarcity, and therefore come up with innovative solutions to incorporate greenery into the buildings, through vertical gardens.

    A vertical garden is a unique way of gardening in a limited space by using a wall to grow plants vertically. Apartment gardeners can experiment with a range of species from herbs, flowers, vegetables, succulents, and ferns on the walls. And today, vertical gardens have become the trend in Mangalore, taking gardening to a higher level, both literally and figuratively.

    One such example is the Oceanus Group, in Mangalore, which is one of the leading companies developing vertical gardens. Their latest innovation, the Jardin de Flores, presents a burst of colors to the concrete landscape, making it a treat for the eyes. This 13-story residential complex, spread over 3.65 acres of land, has an inbuilt vertical garden of 10,000 sq ft. The garden comes equipped with a drip irrigation system that ensures each plant is watered periodically.

    The Jardin de Flores project was conceptualized with the idea to create a green city within a city. Our objective was to create a vertical garden that would be an eco-friendly initiative to provide a green environment amidst urban settings, said Mohammed Amanulla, Managing Director, Oceanus Group.

    The trend has not only caught up in new projects but also in old Apartments, where residents are taking it upon themselves to create green spaces. Many residents are now seeing the vertical garden as a practical solution for their gardening needs. Shruthi Bhandary, a housewife who lives in an apartment complex in Kavoor, has created a vertical garden on her balcony. She says, I believe that the green spaces are dwindling in the city, and we need to find innovative ways to add them back. My apartment complex faces shortage of space, and a vertical garden is an excellent solution to cultivate plants, which I love.

    The vertical garden is not only sustainable but also has many benefits like purifying the air around the apartment, reducing the carbon footprint, and improving overall well-being. The plants absorb carbon dioxide and produce oxygen, helping to tackle air pollution. A Harvard study has shown that indoor plants in the workplace boost productivity by 15%. And having greenery around the house can help reduce stress and anxiety.

    The rise of vertical gardens in Mangalore is an innovative step towards urban sustainability. It not only helps to counter the effect of concrete expansion but also contributes to a greener ecosystem. As more people join the trend, it is expected to promote a healthier environment and inspire others to adopt sustainable practices.

    Real estate investment has long been heralded as a reliable avenue for building wealth. Unlike the erratic nature of the stock market, real estate offers a tangible asset that appreciates over time and generates steady income. But what exactly makes real estate such a lucrative investment? Let’s dive into the various facets of return on real estate investment (ROI), its benefits, potential pitfalls, and strategies for maximizing your returns. What is ROI in Real Estate? Return on investment (ROI) in real estate is a metric used to evaluate the profitability of an investment. It’s calculated by dividing the net profit by the total cost of the investment, then expressing it as a percentage. In real estate, ROI typically manifests in two main forms: capital appreciation and rental income. Capital Appreciation Capital appreciation refers to the increase in a property’s value over time. Several factors can influence this appreciation, including: Location: Properties in desirable locations tend to appreciate faster. Market Demand: High demand for real estate can drive up property values. Economic Conditions: A strong economy generally boosts real estate values. Property Improvements: Enhancements and renovations can significantly increase a property’s market value. Rental Income Rental income is the revenue generated from leasing a property to tenants. This income stream is particularly attractive for several reasons: Steady Cash Flow: Regular rental payments provide a consistent income. Mortgage Coverage: Rental income can help cover mortgage payments, easing the financial burden. Passive Income: Over time, rental properties can become a source of passive income, especially if managed by a property management company. The Benefits of Investing in Real Estate 1. Tangible Asset: Unlike stocks and bonds, real estate is a physical asset that you can see and touch. This tangibility offers a sense of security and stability. 2. Leverage: Real estate allows investors to use borrowed capital (mortgages) to purchase properties. This means you can control a large asset with a relatively small initial investment. 3. Tax Benefits: There are numerous tax advantages for real estate investors, including deductions for mortgage interest, property taxes, operating expenses, and depreciation. 4. Inflation Hedge: Real estate values and rental income often increase with inflation, providing a safeguard against the eroding value of money. Potential Risks of Real Estate Investment While real estate can be lucrative, it’s not without risks. Here are some potential pitfalls to be aware of: 1. Market Volatility: Although generally less volatile than stocks, real estate markets can still fluctuate based on economic conditions and market trends. 2. Property Management: Managing rental properties can be timeconsuming and challenging, especially if you have difficult tenants or maintenance issues. 3. Liquidity: Real estate is not a liquid asset. It can take time to sell a property and convert it into cash, especially in a slow market. 4. Upfront Costs: The initial costs of buying real estate, including down payments, closing costs, and renovations, can be substantial. Strategies to Maximize Your ROI To maximize your ROI in real estate, consider the following strategies: 1. Location, Location, Location: Invest in properties in desirable locations with strong growth potential. Research local market trends and economic forecasts. 2. Buy Low, Sell High: Look for undervalued properties or those in need of renovation. Improving a property can significantly boost its value and rental income. 3. Diversify Your Portfolio: Don’t put all your eggs in one basket. Diversify your real estate investments across different property types and locations. 4. Leverage Wisely: Use financing to your advantage, but avoid overleveraging. Ensure you can comfortably cover mortgage payments and other expenses. 5. Professional Management: Consider hiring a property management company to handle daytoday operations, tenant relations, and maintenance issues. This can save you time and stress while ensuring your property is wellmaintained. 6. Stay Informed: Keep up with market trends, economic indicators, and changes in real estate laws and regulations. Being informed allows you to make strategic decisions and adapt to market changes. Personal Insights and Conclusion Investing in real estate has been a cornerstone of my wealthbuilding strategy for years. The combination of capital appreciation and rental income has provided me with a stable and growing source of revenue. While it’s not without challenges, the benefits far outweigh the risks when approached with careful planning and due diligence. Real estate investment requires a commitment of time, money, and effort, but the potential rewards make it worthwhile. Whether you’re looking to diversify your investment portfolio, generate passive income, or build longterm wealth, real estate offers numerous opportunities. Remember, the views expressed in this blog are solely my own. As with any investment, it’s crucial to do your own research and consult with financial advisors to tailor your strategy to your unique circumstances. By understanding the nuances of ROI in real estate and implementing smart investment strategies, you can navigate the market effectively and achieve your financial goals. Happy investing!