Vijaya Nagar: Booming affordable residential hub in Mysore
Vijaya Nagar, a booming residential realty market is located about 6 km north-west of the heart of Mysore. Considering that it stretches across a vast area, it is divided into different stages, with well-planned residential layouts. An important aspect about the area which has resulted in a demand surge is the availability of affordable apartments. Besides, the area also offers excellent connectivity due to its proximity to the Ring Road. Its infrastructure facilities have also been a major contributor in enhancing its appeal as a prominent residential destination.
Connectivity:
Vijaya Nagar offers excellent connectivity due to its strategic location adjoining the Ring Road on the western periphery of the city. Besides, another prominent road, the Hunsur Road also runs along the area. Some of the other major roads in Vijaya Nagar are the High Tension Double Road, the General Thimmaiah Road, the Thenali Raman Road and the Kalidasa Road. The road network through the area is well-knit with buses plying frequently through the area. There are many bus stops dotting the area, mostly along the main roads and a few at other important landmarks. The city railway station is about 5 km away through the Hunsur Road, while the Mysore Airport is about 16 km away through the NH-212.
Infrastructure:
Vijaya Nagar is renowned for its infrastructure facilities which are among the best across the city. Some of the prestigious schools in the area are St.Joseph’s Central School, Bharathiya Vidya Bhavan, JSS High School amongst others. There are many other reputed educational institutions like Vidya Vardhaka College of Engineering, Sadvidya Semi-Residential Pre-University College, Sree Kalanikethana College of Visual Art amongst others. Some of the important religious institutions in Vijaya Nagar are Chamundeshwari temple, Chowdeshwari temple, Ganesha temple amongst others. There are also many IT companies as well as various other companies that cater to the employment requirements for residents in the area. Besides, there are also many banks, shopping centers, restaurants, parks as well as various other facilities here.
Developers and Realty Scenario:
Vijaya Nagar is divided into three different stages with many residential layouts rendering the area a well-planned outlook. Most of the residential units in the area are 2 and 3BHK apartments. Some of the completed apartment projects in Vijaya Nagar are Manasa Royal by Manasa Developers, Pratham Ashirvad by Pathak Developers, Sowparnika Royale Splendour by Sowparnika Projects amongst others. Some of the ongoing apartment projects here are Pratham Pinnacle by Pathak Developers, KBL Passion by KBL Group, Smart Spaces Two by Smart Spaces India amongst others. The values for apartments in the area range from Rs 20-40 lakhs wth the sq.ft values ranging from Rs 2,500-3,000.
Future Prospects:
The fact that the area is well-planned and offers many benefits to prospective buyers gives it a competitive edge when compared to many other residential areas in the city. At the rate at which the area is getting developed, the demand for residential property is likely to increase many-fold in future. This presents a lucrative proposition for developers who are likely to come up with many prestigious residential projects, thereby resulting in considerable appreciation in property values.
