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BAILUR, KARNATAKA

- Locations

Bailur, a rapidly developing suburban area in the Udupi district, is a compelling destination for homebuyers and investors seeking a blend of tranquility and urban convenience. Positioned strategically between the bustling educational and medical hub of Manipal and the core city of Udupi, Bailur has emerged as a preferred residential location. A major reason for the booming real estate market is its serene environment and the ample availability of land for independent houses, villas, and residential plots. This serves as a valuable land bank for future development. The proximity to key employment and growth centers in Manipal and Udupi ensures a steady demand for housing, while planned infrastructural projects in the wider region will bring even more job opportunities and business options to residents in this expanding area. Bailur offers a peaceful lifestyle while being just a short drive away from all modern amenities.

GOVERNMENT PROJECTS IN BAILUR

Parashurama Theme Park

A significant tourism project is being developed in Bailur. A theme park dedicated to Parashurama, featuring a 33 ft bronze statue, is being set up on Umikkal Hill. This project, with an estimated cost of ₹10 crore, will include an audio-visual museum, an amphitheater, and a viewpoint. Investment Impact: This theme park will turn Bailur into a major tourist attraction, increasing footfall and boosting the local economy. This will directly drive demand for hospitality-related real estate, such as homestays, guesthouses, and restaurants, leading to a significant appreciation in land values, especially in the vicinity of the hill.

Udupi-Manipal-Mangaluru Metro Project (Feasibility Study)

While still in the feasibility study phase, the proposed 64 km metro rail corridor connecting Mangaluru, Udupi, and Manipal is a major regional initiative. Bailur's location between Udupi and Manipal means it would be well-positioned to benefit from this future connectivity. Investment Impact: If implemented, a metro line would be a transformative factor for Bailur's real estate. It would drastically reduce commuting time to key hubs, making the area much more desirable for a wider demographic and leading to a massive increase in property values along the transit corridor.

Industrial Area Development

The Udupi district administration is actively acquiring land for new industrial zones in locations like Uppoor in Brahmavar and Nitte, which are close to Bailur. These projects aim to attract industries and create employment opportunities. Investment Impact: The creation of new industrial zones will lead to a surge in employment, attracting a new workforce to the region. This influx of people will drive a consistent demand for residential and rental properties in nearby areas like Bailur, ensuring a healthy rental yield and capital appreciation for investors.

Urban Development and Coastal Environmental Management

The Karnataka Urban Development and Coastal Environmental Management Project, supported by the Asian Development Bank (ADB), has historically focused on improving urban infrastructure in 10 coastal cities, including Udupi. While the project ran from 1999-2009, its legacy continues to influence urban planning and infrastructure upgrades in the region. Investment Impact: This ongoing focus on urban and environmental infrastructure ensures that areas around Udupi, including Bailur, benefit from improved water supply, drainage, and roads, enhancing the overall quality of life and making residential investment more secure.

National Highway (NH-66) Upgradation

The ongoing four-laning of the National Highway 66 enhances connectivity across the entire coastal belt. This highway connects Udupi to other major cities, improving transit and logistics. Investment Impact: Improved highway connectivity makes Bailur more accessible to both residents and businesses. This can lead to the development of commercial properties along the highway and enhance the value of residential properties due to better accessibility.

LAND GROWTH STATISTICS IN BAILUR 2025

Bailur’s real estate market has shown significant growth, primarily driven by its proximity to Udupi and Manipal.

  • Significant Year-on-Year Growth: According to data from real estate platforms, property rates in Bailur have shown a remarkable 26.85% year-on-year increase in the last year. This is a very strong indicator of a rapidly appreciating market.

  • Average Price Range: The average price for properties in Bailur is approximately ₹4,360 per sqft, with a price range typically falling between ₹3,600 and ₹5,500 per sqft. This range provides options for various budget segments, from affordable to mid-range investments.

  • Dominance of Independent Houses and Plots: The market in Bailur is primarily composed of independent houses and residential plots. This is in contrast to the apartment-centric market of Manipal, making Bailur an attractive option for those who prefer to build a house or invest in land. Listings show plots available in various sizes from 1677 sqft to 2613 sqft, with prices starting from around ₹12.58 Lacs.

  • Diverse Property Listings: There are a variety of properties for sale, including independent houses and plots. An independent house with a built-up area of 729 sqft can be found for around ₹41 Lacs. This indicates that both ready-to-move-in properties and plots for self-construction are readily available.

  • RERA-Registered Projects: The presence of RERA-registered projects like “Laxmi Dwaraka” and “Kemmale Intech City” in the Bailur area indicates that reputable developers are actively building and investing in the region. This adds a layer of security and credibility for investors.

In summary, Bailur is a suburban hot spot with a thriving real estate market. Its proximity to Udupi and Manipal, coupled with strong year-on-year price growth and a promising tourism project, makes it an excellent location for both long-term residents and savvy investors looking for high-appreciation potential in the Konkan region.

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