Famous Builders in Mangalore
The upcoming real estate Builders in Mangalore are happening ,Few buildings where the construction has just completed are lying vacant. The Mangalore real estate market is experiencing such vacant unit supply in past couple of months. The reason sought is the increasing demand of green building. The newly constructed Mangalore properties are meeting green buildings requirements and thus they are rated as green.
The IT and ITES companies are occupying this space and as a result the real estate values are stagnating and the property prices are coming up with time.The Mangalore Real Estate Builders and property developers are still reluctant in building green homes and using new technology because of their profit margin. Also all the upcoming and current projects are overpriced than the market value.
The region in Mangalore, where IT and ITES firms occupy most of the office space, could be delivered another blow when a Mangalore government scheme which provides rebate in tax to the companies located at technology parks comes to an end next year.
Quick links