Rajarajeshwari Nagar: High investment potential area in west Mysore

Rajarajeshwari Nagar, an area with large parcels of developable land is located about 6 km from the heart of Mysore, along its western fringe. There are various factors that have resulted in the rise in demand for residential plots in the area. Besides the availability of large land parcels which have been developed into residential plots, the area also boasts of good connectivity across the city. Moreover, the rate of price appreciation is also quite high for residential plots.

Real Estate scenario:

Due to the availability of large land parcels scattered across Rajarajeshwari Nagar, there are many residential plots owned by private owners, many of which are ready for sale. Most of these plots range in size between 1200 and 2000 sq.ft, and the price range is between Rs. 1500-2000 per sq.ft. Most of the residential units in the area are either 2 or 3 BHK units. One of the prominent residential layouts in the area is MMG Regalis Residential Layout, while MMG Gardenia and an important apartment project. Both these projects have been developed by MMG Constructions.

Connectivity:

Due to its strategic location adjacent to the Ring road, the area offers excellent connectivity to all the surrounding areas in the locality as well as other areas across the city. Some of the other major roads that connect it across the city are the Vishwamanava Double road and the New Kantharaj Urs road. The area is well connected by road with many buses plying through the area, particularly along the Ring road. The nearest railway station from the area is the Chamarajapuram railway station which is about 6 km away, while the Mysore Airport is located about 15 km away.

Infrastructure:

Rajarajeshwari Nagar has adequate infrastructure facilities which has enhanced its appeal among investors in residential plots. Some of the prominent educational institutions in the area are Vishwa Prajna Higher Secondary School, Sri Sharada Public School, Christ Public School and PU College etc. Some of the important religious institutions in the area are Sri Rajarajeshwari temple, Basaweshwara temple, Navagraha temple etc. GTech Solutions is one of the IT companies in the area. The Sri Chamundeshwari Function Hall and the MUDA park are important landmarks in the area. Besides, there are also many shopping centers , banks and restaurants in the area.

Future Prospects:

Due to the large expanses of developable land available in the area, it has the prospect of developing into a prominent residential area in future. However, this depends primarily on the development of the infrastructure of the area, which is currently inadequate. Investors who have purchased land in the area can expect healthy returns on their investment in future depending on the rate of development and the price appreciation that the area is expected to offer in future. Developers are also likely to embark on residential projects based on the demand that the area will witness in future.