Topic: Developers test luxury housing market potential in small cities
Mangalore is suddenly hot property.
Godrej Properties Ltd launched a luxury residential project in the city in August, each of its 245 apartments priced at Rs.80 lakh to Rs.1 crore. Raheja Universal Ltd is building a sea-front property in Mangalore in a similar price bracket.
And Godrej Avalon and Raheja Waterfront are among half a dozen luxury housing projects coming up in the coastal city.