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Demand for luxury in M'luru real estate increases
Demand for luxury in M'luru real estate increases

Time of India

time09-05-2025

  • Business
  • Time of India

Demand for luxury in M'luru real estate increases

Mangaluru: A decade ago, people who wanted to invest in property in Mangaluru, would not think too much about the luxury and aminities attached to the property. However, of late, the coastal city's real estate sector is witnessing a surge in luxury properties , both apartments and villas, which go beyond traditional notions of to the industry stakeholders, luxury does not mean just the facilities within the apartment. The location also matters like close proximity to schools, malls, shops, hospitals, religious places, bus stands and others. Rohan Monteiro, MD, Rohan Corporation, shared that about 7-8 years ago, home buyers wished to have just a home with basic or slightly more facilities. However, now, they wish to have facilities linked to the health and well-being of their families. Investors now seek for facilites like a gym, swimming pool, badminton court, and football court, alongside EV charging facilities, and biophilic design. They also seek sauna and jacuzzi facilities in the apartment premises. Monteiro said, "Buyers also look for beachside, riverside properties, which fall under the luxury segment."The uptick trend for owning luxury homes in Mangaluru started post-Covid among High Net-Worth Individuals , pointed out DB Mehta, CMD, Allegro Ventures India and president-elect, CREDAI, Karnataka. Mehta said that pre-Covid, the per sqft rate of luxury apartments with limited facilities was around Rs 5,000 per sq ft. Operation Sindoor PM Modi meets NSA, chiefs of armed forces amid spike in tensions with Pak India's air defence systems shoot down Pak drones in J&K, Punjab & Rajasthan Several airports in India to be closed till May 15 - check list "Now the rate stands at around Rs 8,000 per sqft with the best amenities. This trend of having luxury apartments or villas is likely to stay longer, as there is an economic boom among HNIs," he said, adding that now luxury apartments have a maximum of three flats on each floor, and the size of the home is a big priority for buyers."Demand for premium sea-facing apartments and custom-designed villas—especially along the coastline—are increasing, as well as the demand for smart automation, wellness-centric amenities, and nature-integrated architecture," said entrepreneur M Athmika Amin of JV Group. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Download Chrome Symptomdepot Undo "Beach-front holiday homes are increasingly sought after, as tranquil second residences with strong investment value. With this, Mangaluru is fast emerging as a premier destination for luxury living on India's western coast," she adds.

Rohan Corporation Joins Forces with Shah Rukh Khan to Redefine Real Estate in Karnataka
Rohan Corporation Joins Forces with Shah Rukh Khan to Redefine Real Estate in Karnataka

Business Standard

time08-05-2025

  • Business
  • Business Standard

Rohan Corporation Joins Forces with Shah Rukh Khan to Redefine Real Estate in Karnataka

PRNewswire Bengaluru (Karnataka) [India], May 8: In a defining moment for Karnataka's real estate sector, Rohan Corporation, Mangalore's leading builders and developers, proudly announces Bollywood legend Shah Rukh Khan as its official brand ambassador for Karnataka. * Signs Global Superstar Shah Rukh Khan as Brand Ambassador for Karnataka Founded and headquartered in Mangalore, Karnataka, Rohan Corporation is a name synonymous with trust, class, and excellence. Over the past three decades, the company has played a pivotal role in shaping Mangalore's skyline with landmark developments such as Hill Crest, High Crest, Rohan City & Rohan Square--projects that reflect their vision of modern, community-driven urban spaces. This monumental collaboration with Shah Rukh Khan reflects a shared passion for excellence, innovation, and community-building--values that have consistently shaped Rohan Corporation's journey. With 25 completed landmark projects and a relentless commitment to sustainable, customer-centric development, the company continues to set new benchmarks in Karnataka's real estate landscape. Dr. Rohan Monteiro, Founder and Chairman of Rohan Corporation, said: "Having Shah Rukh Khan represent Rohan Corporation is more than a partnership--it's a meeting of dreams and determination. Just as Shah Rukh Khan has inspired millions through his journey of hard work and passion, Rohan Corporation aspires to inspire through spaces that transform lives. With him on board, we are reaffirming our promise to redefine urban living in Karnataka and beyond." Shah Rukh Khan added: "It is an absolute pleasure to collaborate with Rohan Corporation--a brand that mirrors my own values of perseverance, innovation, and heart. Their commitment to creating sustainable, community-driven spaces resonates deeply with me. I look forward to being part of their incredible journey of shaping tomorrow's cities with soul and vision." Rooted in a strong vision to harmonize urban living with nature, Rohan Corporation strives to foster vibrant communities that enhance quality of life while preserving the environment. Their mission is to deliver exceptional value through cutting-edge design, superior construction quality, and an unwavering focus on customer delight. With core values anchored in integrity, excellence, innovation, and sustainability, Rohan Corporation's partnership with Shah Rukh Khan signals a new era of dynamic growth, broader engagement, and a stronger brand presence--inspiring a new generation of dreamers and homeowners across Karnataka. About Rohan Corporation Rohan Corporation is a premier real estate development company based in Mangalore, Karnataka, renowned for its pioneering projects and steadfast commitment to customer satisfaction. Established with a vision to revolutionize urban living, the company has consistently delivered exceptional value through innovative approaches, sustainable practices, and meticulous attention to detail. With a diverse portfolio spanning residential, commercial, and mixed-use developments, Rohan Corporation continues to enhance quality of life and foster vibrant communities across Karnataka.

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