Property Prices in Mangalore, India

Index Info
Price to Income Ratio: ?
Mortgage as Percentage of Income: ?
Loan Affordability Index: ?
Price to Rent Ratio - City Centre: ?
Price to Rent Ratio - Outside of Centre: ?
Gross Rental Yield (City Centre): ?
Gross Rental Yield (Outside of Centre): ?

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Rent Per Month
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Apartment (1 bedroom) in City Centre 17,618.00 ₹ 15,236.00-20,000.00
Apartment (1 bedroom) Outside of Centre 14,275.33 ₹ 12,826.00-15,000.00
Apartment (3 bedrooms) in City Centre 29,773.00 ₹ 29,546.00-30,000.00
Apartment (3 bedrooms) Outside of Centre 20,525.00 ₹ 20,000.00-21,050.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre ?
Price per Square Feet to Buy Apartment Outside of Centre ?
Salaries And Financing
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Average Monthly Net Salary (After Tax) 22,708.33 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.75 6.00-9.00

These data are based on 32 entries in the past 18 months from 12 different contributors.
Last update: February 2024

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8 Comments so far
Bharath Ajila on Aug 19, 2023:
Not sure why many 10th grade fail, uneducated people from Mangaluru, Udupi and Kerala are moving to Dubai, Saudi Arabia and Gulf countries. Indians are treated as low calibre 2nd class people in Dubai and entire UAE, Saudi Arabia and other GCC countries. The employers there will squeeze Indians with overwork and threaten with job termination. If the Indian employee loses his job in Dubai, Saudi or Gulf, then his or her visa gets canceled and will be put out of their countries. The climate, vegetation in Dubai, Saudi Arabia and GCC countries are horrible. Air-borne Diseases in GCC countries spread and infect very quickly due to people staying in Air-conditioned rooms most of the time. Sandstorms outside also cause allergies and respiratory problems in GCC countries.
Recently a Puttur guy working in Saudi Arabia is jailed for not his fault. This is one of the many examples of Indians suffering in prisons of GCC countries for no crime. Saudi Arabia, UAE and other Gulf countries are harassing the cheap Indian workers. There is no freedom of speech in dictatorship places such as Dubai (UAE), Saudi Arabia, Qatar, Oman and all the GCC countries.
Plenty of Mangaluru people run away from their problems and think these Gulf countries as their solution for some cheap tax free income. Running away from problems will never make you smarter, stronger and tackle the challenges.
This is one of the major causes for rising inflation, bad infrastructure and negligence, poor salary, least job opportunities for people staying in Mangaluru.
Jaideep on Jun 30, 2023:
I think even a uneducated person from India can work in Gulf countries. I don't think educated Indian people find it any prestigious or high-status to work in Dubai or Gulf countries. Only those uneducated 10th grade fail people from Mangalore and Kerala that dream of high salary will crave to enter into Dubai and Gulf countries. These Gulf countries are not paradise, and Indian people in the Gulf are treated as 2nd class people by the locals. Citizenship will never be given to Indians in Dubai and Gulf. Indian people have to share a bedroom with 20 people in Dubai and lead a cheap miserly lifestyle.
If a person is well educated and hard working, he or she can earn very well in India itself. I myself am working in a software company in Mangalore and my salary is 48 lakhs per annum.
And all the Indian cities have very low cost of living than Dubai or any Gulf countries. Hence you will save your earnings a lot more in India compared with Gulf countries or any Western country.
I don't like it when NRIs berate India and educated Indians staying in their native place.
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.