Property Prices in Mangalore, India

Index Info
Price to Income Ratio: 8.27
Mortgage as Percentage of Income: 80.39%
Loan Affordability Index: 1.24
Price to Rent Ratio - City Centre: 20.88
Price to Rent Ratio - Outside of Centre: 18.92
Gross Rental Yield (City Centre): 4.79%
Gross Rental Yield (Outside of Centre): 5.29%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 10,600.00 ₹ 9,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 9,666.67 ₹ 6,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 25,833.33 ₹ 20,000.00-30,000.00
Apartment (3 bedrooms) Outside of Centre 18,000.00 ₹ 12,000.00-22,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 5,199.96 ₹ 4,499.96-5,999.95
Price per Square Feet to Buy Apartment Outside of Centre 3,764.59 ₹ 2,999.98-4,499.96
Salaries And Financing
Average Monthly Net Salary (After Tax) 29,166.67 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.57 6.00-9.00

These data are based on 65 entries in the past 18 months from 10 different contributors.
Last update: May 2023

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6 Comments so far
Vittal on Jan 15, 2023:
Mangalore is good for retirement. It is better to own property in Mangalore. NRIs are in all the major cities of India and contribute to the country's foreign exchange reserves. Working in Gulf countries and Saudi Arabia is a choice available to every one from India and those who are berating NRIs are those who could not make it to the gulf countries.
Karthik on Dec 01, 2021:
Mangaluru is very expensive for a tier-2 city. The traffic is horrible and the commodities are very expensive. Many people from Mangaluru and Kerala work as cookies and cheap labourers in Dubai, Saudi and the Gulf countries. Many NRIs have their passports confiscated as bond and are denied the freedom of speech. But these coolie NRIs publish horrible news stories and comment bad things in their newspapers about Mangalore and India. There are very less job opportunities in Mangalore for educated people. As others have rightly mentioned in this portal, the infrastructure, planning, job opportunities and customer service in Mangalore are worst. Even mobile network is pathetic at many localities in Mangalore.
Anonymous on Mar 11, 2021:
All of you Mangalorean NRIs are trash. You people oppose each and every development that happens in Mangalore. You NRIs love to work as slaves abroad, just for some extra cash. You NRIs and the fake environmentalists disgust me. You NRIs such as you are the main causes of sharp rise in property prices in Mangalore. You NRIs are the ones that are spreading fake news and demeaning stories frequently regarding Mangalore.
abhishek kumar on Feb 10, 2021:
Mangalore is a nice city. Apart from businessman, the highest paid jobs here are in Petrochemical companies, Doctors, Professors. Me being a software engineer in mangaluru has annual salary of 13 lakhs. i.e monthly about 1 lakh. find OK to live.
Manoj on Feb 02, 2021:
One of the main factors for the rise in property prices at Mangalore is due to the NRIs. These NRIs are literate imbeciles who submit themselves to modern-day slavery in Gulf countries. There they will get their passports confiscated as bond contract by their employers. Many of them live in sub-standard conditions abroad. They are exploited by their Gulf employers to work for minimum 16 hours per day, and are subject to severe racism and discrimination abroad. These NRIs are willing to travel abroad to places having the worst human rights. Why? Because NRIs are only bothered about money and nothing else. Almost all the NRIs migrated to Gulf countries work there as cheap blue-collar labourers. They mock the educated local people back home as useless. When these NRI labourers return home, they cause all kinds of problems at airport checks. These wealthy NRI blue-collar labourers are the root causes for the inflation of property prices here in Mangalore.
Walter Nandalike on Feb 01, 2021:
Property prices are increasing sharply in Mangalore. It is because of NRIs like me who work as slaves in the Gulf countries, we share a room with 20 beds just to save money abroad. We like to abuse the people back home and say they are useless compared to us blue-collar laborers.
All our savings are used to mostly increase inflation in Mangalore. We NRIs don't care about increasing skilled job opportunities in Mangalore. I also have additional interests. I accept bribes from people. I am a master when it comes to spreading fake news, mostly crap news. NRIs from Mangalore love me. I also suffer from a mental problem. This is because I only cared about money and nothing else. My mental illness has a cheaper cure here in Mangalore. Thankfully atleast that isn't expensive here.