The Rise of Sea View Apartments in Mangalore: A Market Analysis

Mangalore, a coastal city in Karnataka, is witnessing a sudden surge in demand for sea view apartments. The real estate scene here is slowly transitioning from traditional homes to modern Apartments that offer panoramic views of the Arabian Sea.

According to a market analysis conducted by real estate experts, the demand for sea view apartments in Mangalore is steadily increasing. Developers are responding to this trend by constructing luxury apartments that offer unparalleled views of the sea. These apartments come with amenities like swimming pools, gyms, and parking facilities.

One of the primary reasons for this rise in demand is the growing interest of NRIs in investing in their hometown. Many of these NRIs are keen on purchasing sea view apartments as either a second home or an investment. The tranquil and picturesque surroundings of Mangalore's coastline make it a popular destination for such homebuyers.

Moreover, with the expansion of business and industry in Mangalore, the demand for luxurious and modern living spaces is also on the rise. Professionals from various fields are opting for sea view apartments as these provide a perfect place to unwind after a long day at work.

Real estate experts opine that the demand for these apartments are not just limited to NRIs or professionals but also include retirees and families. They are drawn towards the serene environment and easy access to recreational activities such as boating, fishing, and water sports.

The price of these apartments varies according to their location and amenities. Sea view apartments in prime locations such as Kadri, Kankanady, and Hampankatta are priced higher than those in quieter suburbs like Padil and Kulur. The apartments range from 1 BHK to 3 BHKs with an average price ranging from Rs. 50 lakhs to Rs. 2 crores.

The demand for sea view apartments has prompted developers to focus on creating more such apartments. This has led to an overabundance of supply in the market, leading to stiff competition and consequently, a drop in prices. Real estate experts predict that this trend will continue in the coming years, making it an ideal market for investment.

However, while there is a boom in the construction of sea view apartments, there are concerns about the environmental impact of such constructions. Environmentalists have raised concerns about the destruction of mangroves, deforestation, and rise in sea levels due to the construction of these apartments.

Despite these concerns, the rise of sea view apartments in Mangalore is a phenomenon that cannot be ignored. It not just a market trend, but a lifestyle trend that reflects the growing aspirations of the people. The demand for these apartments is not just a reflection of the changing preferences of homebuyers in Mangalore but is also a sign of economic growth and industrial development in the region.