Niveditha Nagar: Prospective residential hub in Mysore
Niveditha Nagar is located about 4 km away from Central Mysore along the New Kantharaj Urs road. Due to its strategic location along the western suburb of the city, it is fast developing into a prominent residential hub with the availability of affordable residential property. Besides affordability, there are other factors as well that are responsible for the rise in demand for residential property here. These include connectivity, infrastructure as well as the availability of residential plots in different price ranges.
Connectivity
Niveditha Nagar is well connected to other areas across the city through the New Kantharaj Urs road. Buses plying along this road connect the area to other parts of the city. The Mandakalli airport on the southern fringe of Mysore is about 16 km away from the area while the Mysore railway station is just about 6 km away.
Infrastructure
The infrastructure facilities in Niveditha Nagar is quite good even though it is by-and-large a residential area. Sharada Nursery and Higher Primary school are reputed schools in the area. Some of the important IT companies in the area are Jeeva Technologies and 4 Minds Global Solutions. A prominent religious institution in the area is Balamuri Ganapati temple. Besides, there are many important banks, restaurants, parks, shopping centers etc. in the area.
Availability of residential plots and prices
Due to the availability of large parcels of vacant land, particularly on the western part of Niveditha Nagar, there are many residential plots that are up for grabs at affordable prices. The price range for residential plots in the area is between Rs.2,500 and Rs.3,000 per sq.ft, which are mostly owned by private owners.
Future prospects
The area has immense potential to develop into a prominent residential hub due to the availability of large parcels of developable land. As a result, it could attract many developers to embark on residential projects in the area. The development in the infrastructure as well as connectivity could also result in the rise in demand for residential property here. Investors who invest in plots in the area could also expect healthy returns in future.
