Palahalli near Mysore has high potential for residential growth
Palahalli is a village situated in Srirangapattana takuk of Mandya district. It comes under the Mysore division and is located about 16 km from the heart of Mysore along its northern fringe through the KRS road. Even though the realty bug has not bitten the area in a big way yet it has the potential of transforming into a peaceful residential area tucked away along the outskirts of the city. Some of the factors that could influence the future residential demand in the area are its connectivity as well as the availability of large parcels of available land at affordable prices.
Connectivity
Palahalli is well connected to Mysore as well as other areas in the vicinity through the KRS road which traverses the area. It is also in close proximity to the Bangalore-Mysore highway, being about 140 km away from Bangalore. Besides, it is 34 km away from the center of Mandya and just 4 km away from Srirangapattana. The nearest railway station is the Srirangapattana railway station while the Mysore airport is about 13 km away.
Infrastructure
The infrastructure facilities in Palahalli are very limited considering that it is basically a village area. Some of the important schools in the area are Vahini Prouda Shale and Government Higher Primary School. There are also few colleges like Gipu college, Bharthi college and Vijaya college. There are also many renowned temples in the vicinity like Rama Mandir, Shambu Lingeshwara temple etc. The Cute Village Resort and Spa and the Ratnamba Convention hall are important landmarks in the area. Moreover, the river Cauvery flows through the vicinity of Palahalli.
Land availability and prices
An important feature of the area is the availability of large parcels of land at affordable prices. Most of these land parcels were formerly agricultural land that is being converted into plots due to the rising demand. The price of plots in the area ranges between Rs.100-200 per sq. ft. Many developers have already purchased large parcels of land for developing residential plots in future. They include developers like Pragathi Group, Maxworth Realty, JR Housing etc.
Future Prospects
Considering its proximity to Mysore and the fact that it is well connected, the area has the potential to develop into a peaceful residential area. However, a lot depends on the development of infrastructure in the area, which will enhance the appeal of the area to buyers and investors and thereby result in an upsurge in demand. Besides, the affordability of plots in the area is another factor that will attract many investors, with healthy returns expected in future.
