Mangaluru: Mangaluru is Paradise for many. Its location – on the shores of the blue Arabian Sea, a mixed highly literate population which provides both diversity and talent, good climatic conditions – especially because of its proximity to the Arabian Sea, excellent connectivity – with an international airport, a major seaport and excellent rail connectivity both to the hinterland and up and down the coast through the Konkan Railway line, its quality of life enhanced by its eateries, entertainment spots, beaches and tourist spots, cleanliness, educational opportunities and health care, lots of job opportunities – through the Mangalore SEZ, Software parks, Education and Health care sector and infrastructural development, and a host of other positive factors have made Mangaluru the paradise it is. Owning a property in this paradise – either commercial or residential or both is a goal that most Mangaloreans have pre-set for themselves and it is now an acquired goal for even non-Mangaloreans.
Enter ‘Paradise Properties’ (aptly named I must say!), a Real Estate development company that was established in Mangaluru in 2003 as a partnership firm by Avalon Lennox Patrao and K Aravind Shenoy. It started trading in land, and has now taken the driver’s seat in the development of mainly Commercial projects in Mangaluru, though it still does mixed developments. Some of these developments are their own, some joint ventures. Either way, quality is never given a go by and that is the reason for their success. In fact, all their projects are registered under the Real Estate Regulation Act (RERA) and a consumer will absolutely have no cause for concern in terms of quality and delivery. They won’t be spending a penny more than they committed to in pursuit of their commercial success.
Currently ‘Paradise Properties‘ are carrying out 6 projects across the city – Lotus Paradise Plaza at Bendur, Lotus Paradise Center at Karangalpady, Paradise at Padil, Paradise One at Derebail, Marian Paradise Plaza on the arterial Bunts Hostel Road, and Paradise Streak on the Bejai Main Road. They have one completed project, Marian Paradise Avenue on the Nanthoor-Bikarnkatte Road, and three upcoming projects at Karanagalpady, Kulshekar and Yeyadi. Of these projects, Paradise Streak is a mixed residential and commercial development while the rest are purely commercial in nature.
Mangalore’s real estate market regaining traction
Mangaluru was both a haven and a heaven for real estate investors and developers until early 2017 despite demonetization in late 2016. However, the introduction of GST, coupled with the after-effects of Demonetization, had a telling effect on the market in Mangaluru. After a brief lull, the Mangaluru real estate market is regaining the traction in the commercial segment and Paradise properties is catalyzing this traction with its high-quality commercial spaces.
‘Paradise properties‘ have three properties that are quickly catching the eye of entrepreneurs and investors for three reasons – the speed of completion, locational advantage, and cost-effectiveness. These are ‘Paradise’ opposite the New DC office at Padil, ‘Paradise One’ at Derebail, and ‘Paradise Streak’ at Bejai.
Here are a few details of these three properties
- Paradise, is also a commercial property located close to the Mangalore Railway Junction opposite the new DC’s office and the new proposed Service Bus Stand at Padil. This property is under construction which is in full swing. The location is excellent, as once the DC’s office and the Bus Stand are up and running, the place will be bustling with activity! It has ample car parking, with one basement, a ground floor for showrooms and two upper floors for office space. It is majestic in its elevation and aesthetics with polished granite and vitrified tile flooring, ample restroom facilities and is fully fire safety compliant with power back up, and two passenger elevators. Find out more here.
- Paradise One is a wholly commercial project meant for businesses that want a prestigious address. Located on the Derebail main road; it is close to Mangaluru’s entrance points. It has one basement, a ground floor and two floors above. Ample Parking space in front and in the basement, one elevator, restroom provisions on each floor and fully safety regulations compliant, this project is under construction and will complete in five months. Get more inside info here.
- Paradise Streak is a mixed residential-commercial property – You could stay and run your business in the same property. Now that is a big advantage! Besides it is strategically located on the Bejai main road near Bejai Church, one of the most sought after residential localities of Mangaluru, in close proximity to Lourdes Central School, Bejai market, Bejai shopping complex, KSRTC bus stand, City Corporation, Kadri Park and other civic amenities. Check it out here.
Residents of Paradise Streak can enjoy ample car-parking, a covered terrace to party, a reticulated gas connection to conjure up feasts or just a regular meal, a water harvesting system that will prevent any water shortages, ample lung space, an 10 passenger lift, power back up up to 1 KVA for each apartment, an excellent neighbourhood – neighbours included and access to shopping in the same building if one is in no mood to go out! Yes, the commercial portion of the building houses four levels of retail shopping & office space, supported by ample car parking space, a 10-passenger elevator exclusively for shopping space, polished granite, and vitrified tile flooring, power back up, toilet blocks on all floors – all this in a fully safety compliant building. What more can one ask for as one pursues one’s business goals?
Mangaluru is definitely the next big bet…. This is being confirmed by the fact that real estate prices in the commercial segment in the city have been showing an upward trend over the last six months, and it is best to grab these properties in paradise before they become unavailable or out of reach. But we at Newskarnataka.com can help you get in at the bottom rung of this new boom. Why? Because we empathize with you and your ambitions to succeed. We love to promote and support opportunities for success. That is our calling.
So grab the hand that wants to help you achieve your ambitions.
Call 9844182044 or email paulose@newskarnataka.com for an offer on these properties that you can’t, rather, should not refuse!
