Mangalore
The Mangalore real estate market currently reflects a balanced pricing environment with an average asking rate of ₹5,700 per sq ft. Recent quarterly trends show a shift from the peak of ₹5,850 per sq ft seen in December 2025, suggesting a period of price stabilization. Rental activity remains a highlight, characterized by a strong rental yield of 11.58% and an average rental rate of ₹55 per sq ft. This combination of capital values and rental income potential provides a clear picture for stakeholders monitoring the city's growth.
The average asking price in Mangalore is ₹5,700 per sq ft as of June 2026. This figure reflects a depreciation of 2.63% when compared to the price levels observed in December 2025. Such a trend suggests a period of market correction, where increased supply or softening demand may be influencing the current valuation of residential apartments in the city.
Property prices in Mangalore have shown a volatile trajectory, moving from ₹4,300 per sq ft in September 2025 to a peak of ₹5,850 per sq ft in December 2025, before settling at ₹5,700 per sq ft by March 2026. This fluctuation indicates that while the market experienced significant growth in late 2025, it has since entered a phase of stabilization. Investors and homebuyers should monitor these shifts closely to understand whether the market is finding a new equilibrium after the rapid appreciation seen in the latter half of 2025.
As of June 2026, apartments in Mangalore command a higher average asking price of ₹5,700 per sq ft compared to villas, which are priced at an average of ₹3,900 per sq ft. The villa segment has seen a notable depreciation of 13.36% when compared to previous periods, while apartments have seen a more modest depreciation of 2.63% over the same timeframe. This price gap highlights a distinct preference for apartment living in the city, which may be driven by factors such as maintenance convenience and proximity to urban amenities.
The average rental rate in Mangalore is ₹55 per sq ft as of June 2026, with a rental yield of 11.58%. Rental rates have remained stable, showing 0% change during the recent period, which indicates a consistent demand for rental housing. A rental yield of 11.58% is quite attractive for investors, suggesting that the income potential relative to the capital outlay for residential properties in the city remains strong despite the fluctuations in sale prices.
An investor should view the 11.58% rental yield in Mangalore as a robust indicator of income-generating potential for residential assets as of June 2026. Because rental rates have remained stable with 0% change, the yield provides a reliable baseline for calculating potential returns on investment. When combined with the current average asking price of ₹5,700 per sq ft for apartments, this yield suggests that the city offers a favorable environment for those looking to balance capital appreciation with steady rental income.
