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From: "Architexturez." <admin-in@xxxxxxxxxxxxxxxxx>
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Date: Fri, 25 Nov 2005 11:00:23 +0530
News -- Mangalore: The Real Estate and Other Scenario - Hi-rises and
Lowdowns
Mangalore, Nov 20: In the fast changing real estate scenario sweeping
across the country, secondary cities in most states are getting a face
lift and Mangalore in the state of Karnataka is by no means an exception.
The city known for its proximity to a number of educational institutions
is looking at a development model on the lines of Greater Bangalore,
says D B Mehta, President, Kanara Builders' Association.
There has been a perceptible shift in trend in real estate development
as is evident from the increase in the number of projects for both
residential and commercial properties, says Oscar Concessao, an architect.
The rate at which the secondary cities are growing is a clear indication
of the growing potential engulfing smaller cities. According to
Mangalore Builders Association, 25-30 lakh sq ft residential property
and 10 lakh sqft commercial property are under varying stages of
development in the city.
The city has several inherent advantages for entrepreneurs and set for a
quantum leap in real estate development. There is no dearth of
educational institutions as five medical and 10 engineering colleges are
in the vicinity and 91 degree colleges are under Mangalore University
jurisdiction.
cont'd....
http://www.daijiworld.com/news/news_disp.asp?n_id=16373&n_tit=Mangalore%3A+The+Real+Estate+and+Other+Scenario+-+Hi-rises+and+Lowdowns