Mangalore is a major port city of the Indian state of Karnataka. Mangalore is one of the vibrant cities on the southern coast of Karnataka. It has been famous for the educational institutions which provide world-class education. Hence, it is also known as the education hub of Karnataka.
When you buy commercial property or taking commercial property on lease then A perfect location today could turn into an unwanted destination tomorrow. Make sure the location you choose in not under any commercial project development program. At the same time, you need to make sure your business is accessible through various modes of transport for consumers/suppliers. A poorly connected business will die a slow death.
Speaking about buying a property, Mangalore is a comparatively smaller city than Bangalore. The options are limited and the prices are lower as well. Currently the price of commercial properties in Mangalore starts from around ₹ 3000 per sq.ft.
Growth and earnings prospects
If you are buying ancommercial space for salein Mangalore, then you must check its growth and earnings prospects. Find out whether you can put that commercial property on lease or not, in case you drop your business idea. While buying any under-construction properties.
When you find your perfect commercial property, it is easy to accept the first offer in fear of losing it. But you should always negotiate your terms before you buying commercial property. It may sound difficult at that moment but can save you a lot in the long run.
However, over the course of time, the trends in buying commercial property have been changed. Now, even the middle and lower section of the society are active participants in purchasing new properties. Considering this, there's been a considerable rise in the construction of commercial property for sale in Mangalore.