The Importance of Connectivity in Mangalore's Real Estate Valuation

Mangalore's Real Estate Valuation Bolstered By Connectivity

Mangalore, the coastal city in Karnataka, has witnessed a surge in demand for real estate properties in recent years. The city's flourishing banking, IT, and seaport industries have contributed to the rise in property prices. However, experts believe that the city's connectivity has played a significant role in increasing real estate valuation.

The development of infrastructure has not only helped in enhancing the connectivity but also made Mangalore a more attractive destination for businesses and investments. The construction of the new airport and the expansion of seaport facilities have made it easier for industries to transport goods, leading to increased economic activity.

The city is well connected by road, rail, and air. The NH 66, also known as the Mumbai–Kanyakumari highway, passes through the city, connecting it to northern and southern parts of India. The city is also connected to Kerala, Mysore, and Bangalore via a railway network. The new airport, which opened in 2013, has further elevated Mangalore's connectivity, providing international accessibility to the city.

Real estate developers in Mangalore have been quick to capitalize on the city's connectivity, building new properties in the areas that have easy access to the port, airport, and highways, making it easier for residents to commute to work. Properties located near the airport and railway station are also in high demand, as they offer ease of access to other parts of the city and the rest of the country.

However, this connectivity has not been evenly distributed throughout the city. While some areas have seen a surge in valuation and property prices, other regions are still struggling to catch up. The city's outskirts, despite being well connected, have not yet witnessed significant investments from developers. The government can play an important role in bridging this gap by investing in infrastructure development in these peripheral areas and promoting them as potential centers of development.

Additionally, the government can introduce policies to incentivize real estate developers to focus on sustainable development that takes into account the importance of connectivity. With the right investments and approach, it is possible to make Mangalore a prime destination for businesses and investors, enhancing the city's overall growth.

In conclusion, Mangalore's connectivity has played a vital role in enhancing its real estate valuation and attracting investments. The government and real estate developers must continue to prioritize infrastructure development and sustainable growth to make the most of these advantages. By doing so, they can unlock the potential of the city and make it an attractive destination for businesses, investors, and residents alike.