Lakshmipuram: High potential residential destination in Central Mysore
Located about just a km from the heart of Mysore, Lakshmipuram is fast developing into a prominent residential destination with many amenities available in its vicinity. Besides its proximity to the heart of the city and its excellent connectivity across the city, the area also boasts of many important infrastructure facilities. Due to the overall development that is pervading the area, many prominent developers have already come up with prestigious residential projects, while many others area in various stages of construction.
Connectivity
Lakshmipuram offers excellent connectivity across the city through some major roads that pass through the area as well as its vicinity. The Hunsur Road which criss-crosses the Outer Ring Road (ORR) on the western periphery of the city meets the JLB Road (SH-33) close to Lakshmipuram and passes across the area, dividing it into two, from north to south. The JLB Road extends further south and meets the Kozhikode-Mysore-Kollegal highway (NH-212). Another major road that meets the JLB Road on its southern fringe is the Mananthavadi Road. The Bangalore-Nilgiri Road (SH-17) is another prominent road that passes through its vicinity. Buses ply regularly through its fringes with many bus stops dotting key destinations. The nearest railway station from the area is the Chamarajapuram railway station which is just about a km away, while the Mysore railway station is about 2.5 km away. The Mysore Airport is about 10 km away along the Kozhikode-Mysore-Kollegal Highway.
Infrastructure
There are many important infrastructure facilities in Lakshmipuram including educational institutions, hospitals, banks as well as many others. Some of the reputed schools in the area are JSS High School, Sri Jagadamba English Medium Higher Primary School and Government Higher Primary School, among others. There are also some prestigious colleges in the area are Basaveshwara Shiksha Snatak College and Government Pre-University College, among others. The area also has some important health-care centers like Simha Heart Foundation, Preethi Cancer Center, Ushakiran Eye Hospital and Annapoorna Orthopaedic and Speciality Hospital, among others. Some of the important religious institutions in the area are Sri Annapurneshwari Balamuri Ganapathi temple, Hardwick church and the Masjid E Meeran Baig, among others. Besides, there are also branches of many prominent banks, restaurants, shopping centers, parks, as well as many other important facilities.
Realty scenario and developers
The most commonly seen residential units in Lakshmipuram are 2 and 3 BHK apartments. According to the listed data of CommonFloor.com some of the prominent completed apartment projects in the area are Sankalp Manimandira by Sankalp Group, Brigade Habitat by Brigade Group, Manasa Enclave by Manasa Developers, Pratham Mayur by Pathak Developers, Royal Lakshmi by Vijayashankar Constructions and Shubham Sapphire by Shubham Samrudhi, among others. Most of the apartments here have area ranging between 1,100 sq. ft. to 1,500 sq. ft. with price range being between Rs 35-60 lakh.
Future Prospects
Lakshmipuram has tremendous scope of developing into a prominent residential hub due to the various advantages that it possesses. Besides its proximity to the heart of the city, it is renowned for its excellent connectivity as well as its good infrastructure facilities. Due to being centrally located, it has the prospect of developing further in terms of infrastructure. This is likely to enhance the demand for residential property in the area. As a result, many well-known residential developers are expected to embark on prestigious residential projects in the area. The increasing demand is expected to push property value here northward thereby resulting in considerable appreciation in property values. Hence, investors are likely to get healthy returns on their property investments.
