Commercial Land for Sale in Mangalore, India

- Commercial land located in the heart of Mangalore city.

- The plot is 3.33 acres big and we have secured the building construction license from the city corporation.

- The construction permit allows for developing a 82,704.12 sq. m. commercial compound consisting of a multistoried hotel building, commercial complex and a residential complex.

- The master plan has been approved by the MUDA (Mangalore Urban Development Authority)

- Under the proposed plan, the hotel building covers 33,806.06 sq. m. with 2 lower basements, a ground floor, and 19 floors.

- The construction for the hotel building is already underway and we have completed about 50% of the foundation work.

- Approval secured for the hotel building allows us to extend to increase the number of floors from 19 to 22.

- The commercial and residential complexes are yet to be developed.

- As per the approved plans, the commercial building complex will cover 33,806.06 sq. m. and have a basement, a ground floor, a mezzanine floor, and 3 floors.

- The residential apartment complex proposed will cover 37,531 sq. m. and have a basement, a ground floor, a mezzanine floor, and 27 floors.

- Land is a free-hold clear title with no litigation involving it and is held under a separate legal entity.

- The buyer will be acquiring the entire property and assets under the business including the land, construction, clearances, and building plans.

- They may choose to continue with the proposed plan at their own discretion.

3.33 acre of commercial land suitable for the development of a luxury hotel, a commercial complex, and a residential building.

3.33 acre of free-hold commercial land with a clear title.